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Description

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

SUPER BUY-TO-LET INVESTMENT OPPORTUNITY*** 3 bedroom flat in Edinburgh with an IMMEDIATE RENTAL INCOME OF £22,056 PER ANNUM***

EXCELLENT INVESTMENT OPPORTUNITY***Currently LET at £1,838pcm (£22,056 Per Annum). Automatic rent increase by 5% every 12 months - next increase will be on 01/10/2025 and will increase to £1,930pcm.

SUPER LOCATION*** Gorgie, west of Edinburgh city centre and within walking distance of the west end and Princes Street, offers a wide range of amenities.

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.

Excellent bus links available from Gorgie Road and easy access to the A8, linking to the city bypass, Edinburgh Airport, Gyle Business Park and the wider motorway network.

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. Council Tax Band A. SUPER INVESTMENT OPPORTUNITY***Currently LET at £1,838pcm (£22,056 Per Annum). Automatic rent increase by 5% every 12 months - next increase will be on 01/10/2025 and will increase to £1,930pcm. The airport tramline is within walking distance, and bus services run to Haymarket train station and the city centre. Excellent bus links available from Gorgie Road and easy access to the A8, linking to the city bypass, Edinburgh Airport, Gyle Business Park and the wider motorway network. SUPER LOCATION*** Gorgie, west of Edinburgh city centre and within walking distance of the west end and Princes Street, offers a wide range of amenities.

Gorgie, west of Edinburgh city centre and within walking distance of the west end and Princes Street, offers a wide range of amenities that include a Sainsburys Superstore at Inglis Green Road and an Asda Chesser Supercentre at New Mart Road. Fountain Park provides a wide range of entertainment that includes a multi-screen cinema, gym, trampoline park and bowling, as well as a variety of restaurants. Gorgie is the home of Heart of Midlothian Football Club with further leisure activities at Gorgie City Farm, Dalry swimming pool and Craiglockheart Sports Centre. There are excellent bus links available from Gorgie Road throughout the city. There is easy access to the A8, linking to the city bypass, Edinburgh Airport, Gyle Business Park and the wider motorway network.

Full Address: 2/12 Westfield Court, Edinburgh, EH11 2RJ

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: £22,056 per year / £1,838 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)

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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.

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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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