BIDDING OPENS in...

Description

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

TURNKEY TENANTED INVESTMENT – One-bedroom Edinburgh flat currently generating £1,050 per month / £12,600 per annum. Established rental income from day one.

IMMEDIATE CASH FLOW – Sold with sitting tenant, offering investors an established income stream without the need to source a new tenant.

HANDS-FREE INVESTMENT – Full professional lettings management package available. Ideal for first-time landlords and experienced portfolio investors.

POPULAR EDINBURGH LOCATION – Situated in an established residential area with strong rental demand, excellent local amenities and convenient city centre connections.

WELL-PRESENTED ACCOMMODATION – Entrance hallway, lounge, kitchen, double bedroom and bathroom. Benefits from gas central heating and double glazing.

EXCELLENT TURNKEY TENANTED INVESTMENT OPPORTUNITY – GENERATING £1,050 PER MONTH / £12,600 PER ANNUM – IMMEDIATE RENTAL INCOME FROM DAY ONE – HIGH DEMAND EDINBURGH LOCATION. SUPERB BUY-TO-LET INVESTMENT Fantastic opportunity to acquire a fully tenanted one-bedroom flat in a popular Edinburgh residential location. The property is currently generating an impressive £1,050 per month (£12,600 per annum), providing an established income stream and immediate cash flow for the successful purchaser. TURNKEY INVESTMENT WITH INCOME FROM DAY ONE The property is offered for sale with a sitting tenant, making this an ideal acquisition for investors seeking an established rental property without the delays and uncertainty associated with sourcing new tenants. FULL LETTINGS MANAGEMENT PACKAGE AVAILABLE An excellent opportunity for hands-free investors, with a comprehensive lettings management service available to oversee the day-to-day running of the property. Ideal for both experienced landlords expanding their portfolios and first-time investors entering the Edinburgh rental market. PROPERTY ACCOMMODATION The flat comprises an entrance hallway, comfortable lounge, kitchen, spacious double bedroom and bathroom. Further benefits include gas central heating and double glazing, providing comfortable accommodation in a well-established residential setting. POPULAR EDINBURGH RENTAL LOCATION Situated within a sought-after residential area of Edinburgh, the property benefits from excellent access to local amenities, shopping facilities and public transport connections. Edinburgh continues to attract strong rental demand from professionals, students and those seeking convenient access to the city centre. EXCELLENT PORTFOLIO ADDITION With an established tenant, annual rental income of £12,600 and the option of professional lettings management, this property represents an attractive opportunity to secure a straightforward, income-producing investment in Scotland's capital city. EARLY INTEREST IS RECOMMENDED – HIGHLY ATTRACTIVE TENANTED INVESTMENT WITH IMMEDIATE RENTAL RETURNS.

Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £12,600 per year / £1,050 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes:

Maps & Location

Map   Street View   Satellite

Spey Street is situated within the popular and well-established residential district of Pilrig, conveniently positioned between Leith and Edinburgh City Centre. This highly desirable location continues to attract strong rental demand from young professionals, students and commuters, making it an excellent choice for buy-to-let investors. The surrounding area offers an excellent selection of local amenities, including independent shops, supermarkets, cafés, restaurants and leisure facilities. The vibrant districts of Leith Walk, Easter Road and nearby Broughton provide an extensive range of shopping, dining and entertainment options. Excellent transport connections are available, with regular bus services and convenient access to the Edinburgh tram network, providing links throughout the city, including Edinburgh Airport. Edinburgh Waverley railway station and the city centre are also easily accessible. The area benefits from attractive green spaces, including Pilrig Park and the nearby Leith Links, offering excellent recreational opportunities. Edinburgh remains one of Scotland's most desirable rental markets, supported by its thriving financial, technology, tourism and education sectors. The property's convenient location, established residential surroundings and proximity to major employment centres make Spey Street an attractive proposition for investors seeking long-term rental demand and investment potential.

Document Downloads

View Documents Page

Pricing Information & Bidding

Opening Bid: £135,000

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.

Submit Offer Now

Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

  • Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.

    Calculate Deposit & Fee

    STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.

    * If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

General Terms & Conditions of Sale
Lot Specific Terms - 2Spey Street, Flat 1, Edinburgh






Future Auctions LTD are the UK's premier dedicated land & property auction house. We offer flats, houses, land, residential, commercial property at large scale event and online auctions.

Contact Us

HEAD OFFICE
241 Kilmarnock Road, Glasgow
Phone: 0141-632-6599
E-Mail: info@futurepropertyauctions.co.uk
Future Auctions Ltd. All Rights Reserved.