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Guide Price
£124,000


SUBMIT OFFERS BY

09 May 2024, 3pm

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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

*** PRIME TENANTED INVESTMENT PROPERTY providing an annual income of £6,240 *** One bedroom flat popular location in Edinburgh City Centre. ***RICS Home Report £150,000. CAPITAL GROWTH POTENETIAL***

IMMEDIATE INCOME OF £520 per month giving an annual income of £6,240 providing an excellent yield of 6% if achieved for the guide price Settled tenant *** PERFECT BUY-TO-LET INVESTMENT PROPERTY***

Well-presented 2nd floor property comprises Entrance Hallway, Lounge / Diner, 1 Double Bedroom and en-suite bathroom. Double Glazing, Gas Central heating Secure Entry System. FREEHOLD.

*** SUPER LOCAL SALES EVIDENCE *** 9 2f1, Home Street, £174,000 Dec 2023; 9/8, Home Street, £330,000 Apr 2023; 9 1f3, Home Street, £212,500 Dec 2021; 9/9, Home Street £169,000 Jul 2021.

100% PRIME LOCATION just a short distance from Princes Street and all major local attractions. Superb central location just moments from The Grassmarket and The Meadows. EPC band: C

*** PRIME TENANTED INVESTMENT PROPERTY providing an annual income of £6,240 *** One bedroom flat located in popular Tollcross, Edinburgh City Centre. ***RICS Home Report £150,000. EXCELLENT CAPITAL GROWTH POTENETIAL*** IMMEDIATE INCOME OF £520 per month giving an annual income of £6,240 providing an excellent yield of 6% if achieved for the guide price Settled tenant *** PERFECT BUY-TO-LET INVESTMENT PROPERTY*** *** SUPER LOCAL SALES EVIDENCE *** 9 2f1, Home Street, £174,000 Dec 2023; 9/8, Home Street, £330,000 Apr 2023; 9 1f3, Home Street, £212,500 Dec 2021; 9/9, Home Street £169,000 Jul 2021. Well-presented 2nd floor property comprises Entrance Hallway, Lounge / Diner, 1 Double Bedroom and en-suite bathroom. Double Glazing, Gas Central heating Secure Entry System. FREEHOLD. EPC band: C

100% PRIME LOCATION Superb central location just moments from The Grassmarket and The Meadows. This fantastic property and is ideally located to take advantage of the capital's cultural highlights and entertainments Located in south side of Edinburgh’s city centre and is ideally situated in the heart of Tollcross. Within the immediate vicinity there is an abundance of amenities to meet every day needs including localised shops, Sainsbury’s Local, Scotmid Food store, delicatessens, bistros, coffee shops, restaurants, bars, theatres, cinemas, doctors, dentists and Warrender Swim Centre. Close by (1 min walk) are green open space of Bruntsfield Links and the Meadows with pitch and putt, tennis courts and children’s play park. Education is also exceptionally well provided for by way of highly acclaimed schools including James Gillespie’s Primary and High School, George Watsons College and George Heriot’s with a number of Universities in close proximity. At the foot of Lothian Road lies Princes Street with a number of major tourist attractions including Princes Street Gardens and Edinburgh Castle a short distance away. Major access roads and Haymarket Railway Station allow for ease of travel out with the city with a tram link running to Edinburgh International Airport. The nearest bus stop is just next to the entrance to the property.

Full Address: 9 Home Street, Tenanted Investment, Edinburgh, EH3 9JR

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length: Rolling
Rent: £6,240 per year / £520 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes:

Document Downloads

Home Report (Available) Legal Pack (Available)

Pricing Information & Bidding

Guide Price: £124,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

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