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Description

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

*** SUPERB TENANTED INVESTMENT *** First Floor 1 bed flat in the popular Bonnington area of Edinburgh. RICS HOME REPORT £150,000. Excellent walk in condition. *** REDUCED FOR QUICK AUCTION SALE ***

PROPERTY CONSISTS OF:- Entrance Hall, Lounge/kitchen/diner, Double Bedroom, Shower room, Separate W.C. Further benefits from shared rear garden area, double glazing and gas central heating.

EXCELLENT LOCAL SALES EVIDENCE:- 66 2f3, Pitt Street, sold for £190,000 Dec 2023; 74/2, Pitt Street, sold for £206,000 Jun 2023; 78, Bf1, Pitt Street, sold for £190,000 Aug 2022.

HIGH YIELDING INVESTMENT OPPORTUNITY- Long term tenant £600pcm giving an annual income of £7,200 offering a superb yield of 7% if achieved for guide price. (STUDENT RENT UP TO £1050 - £12300PA).

Bonnington is set to the north east of Edinburgh's city centre. An excellent range of shops, bars, cafes and restaurants are available on nearby Trinity, Ferry Road and Newhaven.

*** SUPERB TENANTED INVESTMENT *** First Floor 1 bed flat in the popular Bonnington area of Edinburgh. RICS HOME REPORT £150,000. Excellent walk in condition. HIGH YIELD INVESTMENT OPPORTUNITY. *** REDUCED FOR QUICK AUCTION SALE *** PROPERTY CONSISTS OF:- Entrance Hall, Lounge/kitchen/diner, Double Bedroom, Shower room, Separate W.C. Further benefits from shared rear garden area, double glazing and gas central heating. The accommodation comprises entrance hall with storage cupboard. The open plan lounge/kitchen has window to the front and is fitted with a range of base and wall units with the cooker, fridge and washing machine to remain. The good sized double bedroom has window to the front, fitted wardrobe and storage cupboard. Completing the accommodation is the wc fitted with a two piece suite and there is also a separate shower room. Externally there is a shared garden to the rear. EXCELLENT LOCAL SALES EVIDENCE:- 66 2f3, Pitt Street, sold for £190,000 Dec 2023; 74/2, Pitt Street, sold for £206,000 Jun 2023; 78, Bf1, Pitt Street, sold for £190,000 Aug 2022. HIGH YIELDING INVESTMENT OPPORTUNITY- Long term tenant paying £600pcm giving an annual income of £7,200 and offering a superb yield of 7% if achieved for guide price. REALISTIC STUDENT RENTAL FOR A FLAT IN THIS AREA IS UP TO £1050 - £12,300 Lounge/Kitchen5.36m x 3.25m (17'7

Located in the popular Bonnington area of Edinburgh is this attractive first floor flat with double glazing and gas central heating set within a traditional tenement building. Bonnington is set to the north east of Edinburgh's city centre. An excellent range of shops, bars, cafes and restaurants are available on nearby Trinity, Ferry Road and Newhaven. A selection of regular bus services are available nearby. The Water of Leith walk way is close by giving access to The Shore and Canonmills with the Botanic Gardens and Stockbridge around a 25 minute walk. The Scottish Executive's Victoria Quay building and the Ocean Terminal shopping/leisure centre are also readily accessible.

Full Address: 76 Pitt Street, Flat 4, Edinburgh, EH6 4DB

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Tenancy Details

Type of Agreement: Basic Lease
Length: Rolling
Rent: £7,200 per year / £600 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £128,000

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).

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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 January 2025, 10am-3pm
Type: Timed Online Auction

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