2 bed Flat For Sale £185,000
Tenanted Investment Opportunity. Large 2 Bedroom Main door flat located in the popular area of Newhaven, Edinburgh. Excellent Investment Opportunity with Capital Growth Potential. Would lend itself well for Serviced accommodation.
Property comprises: Entrance vestibule, Large reception hallway, Fantastic sized living room, Utility room, Kitchen, bathroom and 2 double bedrooms. Property benefits from Gas Central heating, Double Glazing, Large room sizes, Ample storage throughout, main door access, direct access to communal garden from the flat.
Property is currently tenanted on a prt Agreement at £850pcm (£10,800 per annum). The property is professionally managed by a letting agent, with all rent paid up to date. The tenants moved in April 2021. Market Rent is £1,000pcm. Property currently provides a Gross rental yield of 5.5% at the Opening Bid price of £185,000. At full market rent it would generate a gross yield of 6.5%
There is an excellent property with a super opportunity for a serviced accommodation operator. As the property has main door access, it would lend itself perfectly for short term stays. During peak season you would expect a potential monthly rental of £12,000.
Excellent Investment Opportunity with Capital Growth Potential
*** 199/15 Lindsay Road, Edinburgh, EH6 6nd sold for £255,000 December 2021,146/4 Commercial Street, Edinburgh, EH6 6LB sold for £286,682 November 2021 ***
Sure to appeal to investors looking for a solid investment with great rental and capital growth potential.
Location:
The vibrant and cosmopolitan area of The Shore in Leith, voted as one of the best places to live by The Times in 2019, is a hub for socialising. It boasts an eclectic mix of restaurants, traditional pubs, trendy cafes, delis, and coffee bars. You will find an exceptional selection of international food stores, street food events, and a Farmer's Market, whilst Nearby Ocean Terminal shopping centre is home to a range of High Street shops, a multi-screen cinema, gym, and restaurants. The Shore and the greater Leith area cater for outdoor pursuits, including a tranquil riverside walk and cycling path by The Water of Leith, the picturesque fishing village and harbour of neighbouring Newhaven, and the vast green spaces of Leith Links. The area offers schooling from nursery to senior level. It benefits from an excellent public transport system with 24-hour buses and a tramline that will connect Leith to the city and to Edinburgh International Airport.
Property comprises: Entrance vestibule, Large reception hallway, Fantastic sized living room, Utility room, Kitchen, bathroom and 2 double bedrooms. Property benefits from Gas Central heating, Double Glazing, Large room sizes, Ample storage throughout, main door access, direct access to communal garden from the flat.
Property is currently tenanted on a prt Agreement at £850pcm (£10,800 per annum). The property is professionally managed by a letting agent, with all rent paid up to date. The tenants moved in April 2021. Market Rent is £1,000pcm. Property currently provides a Gross rental yield of 5.5% at the Opening Bid price of £185,000. At full market rent it would generate a gross yield of 6.5%
There is an excellent property with a super opportunity for a serviced accommodation operator. As the property has main door access, it would lend itself perfectly for short term stays. During peak season you would expect a potential monthly rental of £12,000.
Excellent Investment Opportunity with Capital Growth Potential
*** 199/15 Lindsay Road, Edinburgh, EH6 6nd sold for £255,000 December 2021,146/4 Commercial Street, Edinburgh, EH6 6LB sold for £286,682 November 2021 ***
Sure to appeal to investors looking for a solid investment with great rental and capital growth potential.
Location:
The vibrant and cosmopolitan area of The Shore in Leith, voted as one of the best places to live by The Times in 2019, is a hub for socialising. It boasts an eclectic mix of restaurants, traditional pubs, trendy cafes, delis, and coffee bars. You will find an exceptional selection of international food stores, street food events, and a Farmer's Market, whilst Nearby Ocean Terminal shopping centre is home to a range of High Street shops, a multi-screen cinema, gym, and restaurants. The Shore and the greater Leith area cater for outdoor pursuits, including a tranquil riverside walk and cycling path by The Water of Leith, the picturesque fishing village and harbour of neighbouring Newhaven, and the vast green spaces of Leith Links. The area offers schooling from nursery to senior level. It benefits from an excellent public transport system with 24-hour buses and a tramline that will connect Leith to the city and to Edinburgh International Airport.
