4 bed Flat For Sale £200,000
Residential Portfolio, 15a & 15b Horsemarket, Kelso TD5 7AE

A fantastic opportunity has arisen for the rental investor to purchase a portfolio of two, two-bedroom apartments, within the town centre of Kelso. Brought to the market in very good condition, both properties offer fantastic, spacious accommodation and each consist of an entrance hallway, a well utilised kitchen, a generous master bedroom, a further smaller double bedroom and a shower room. Offering immediate return on investment, both 15a & 15b Horsemarket are receiving reliable rental income from long term tenants. Ideally suited to the rental investors looking to expand their current portfolio, viewings come highly recommended in order to fully appreciate. 15a Horsemarket, Kelso: Forming the first part of the portfolio, 15a Horsemarket is a very well proportioned, two bedroom flat, located on the first floor. Decorated in neutral tones throughout, the property is adorned with beautiful period features while benefitting from tall ceilings and an abundance of natural light. Currently receiving a monthly rental of £400.00, 15a Horsemarket has been successfully let to its long term tenant for over ten years. 15b Horsemarket, Kelso: Forming the second part of the portfolio, 15b Horsemarket occupies the second floor of the building. Neutrally decorated throughout, 15b Horsemarket sports those same period features while enjoying a further elevated view over the town. Also benefitting from well proportioned accommodation, this two bedroom apartment has been successfully let to the current tenant for over 10 years and is currently receiving £350.00 per calendar month. Investment Potential / Current Rental Yields: 15a Horsemarket, valued at £105,000 and receiving a current rental of £400.00 pcm offers an immediate gross rental yield of 4.57% 15b Horsemarket, valued at £95,000 and receiving a current rental of £350.00 pcm offers an immediate gross rental yield of 4.42%. It should be noted that neither of these rental values have been increased in a number of years and future yields would be far greater if the rentals were increased to market value.