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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 3
  • Council Tax: Search

PRIME INVESTMENT OPPORTUNITY*** LARGE 3 bedroom flat in Edinburgh with an IMMEDIATE RENTAL INCOME OF £22,200 PER ANNUM***

SUPER INVESTMENT OPPORTUNITY***Currently LET at £1,850pcm (£22,200 Per Annum). Automatic rent increase by 5% every 12 months - next increase will be on 03/04/2025 and will increase to £1,943pcm.

Local Sales Evidence; 2/5, Westfield Road, Edinburgh, EH11 2RQ (2 Bed) recently SOLD for £254,500 in August 2024*** EXCELLENT RENTAL LOCATION close to amenities and transport links.

THREE bedroom flat currently LET at £1,850pcm with a 5% increase every 12 months. Immediate Return on Investment.

PRIME LOCATION*** Within easy reach of the City Centre, West End, Financial District, Haymarket and Saughton Public Park.

PRIME INVESTMENT OPPORTUNITY*** LARGE 3 bedroom flat in Edinburgh with an IMMEDIATE RENTAL INCOME OF £22,200 PER ANNUM*** Council Tax Band A. SUPER INVESTMENT OPPORTUNITY***Currently LET at £1,850pcm (£22,200 Per Annum). Automatic rent increase by 5% every 12 months - next increase will be on 03/04/2025 and will increase to £1,943pcm. Local Sales Evidence; 2/5, Westfield Road, Edinburgh, EH11 2RQ (2 Bed) recently SOLD for £254,500 in August 2024*** EXCELLENT RENTAL LOCATION close to amenities and transport links. THREE bedroom flat currently LET at £1,850pcm with a 5% increase every 12 months. Immediate Return on Investment. PRIME LOCATION*** Within easy reach of the City Centre, West End, Financial District, Haymarket and Saughton Public Park.

The property is located within easy reach of the West End, Financial District, Haymarket and Saughton Public Park. Bustling Gorgie and Dalry have an array of dining and retail choices and nearby Fountain Park boasts a multiplex cinema, casual eateries, and a state-of-the-art gym. Edinburgh Napier University at Merchiston, Edinburgh College Sighthill Campus, and Heriot-Watt University are easily accessible. Regular bus and tram services connect Gorgie quickly to the city centre and beyond, and there is easy access to the A8 linking to the City Bypass.

Full Address: 2/4 Westfield Court, Edinburgh, EH11 2RJ

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: £22,200 per year / £1,850 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: commercial leases - both parties required to give 6 months notice to vacate.

Document Downloads

Home Report (Available) Legal Pack (Available)

Video Property Tour

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Pricing Information & Bidding

Opening Bid: £185,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. 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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • £2000 + VAT for sellers legal fees

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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