Tenanted 1 Bedroom Gorund Floor Flat located in the Popular Buy to Let area of Gorgie, Edinburgh. **INCOME PRODUCING LET INVESTMENT***
- *** 38/6 Caledonian Crescent, Edinburgh, Midlothian EH11 2AG sold for £143,734 August 2017, 4/16 Caledonian Crescent, Edinburgh, Mid EH11 2DE for £150,000 October 2017***
- Property is professionally managed by a well established property management company - currently tenanted at £575 pcm. EPC RATING F
- Property benefits from Secure Door Entry System, Double Glazing, On street Parking and a communal garden to the rear.
- Dalry is a popular area between Haymarket and Gorgie with a choice of local shops and services catering for day-to-day needs.
Description:Tenanted 1 Bedroom Gorund Floor Flat located in the Popular Buy to Let area of Gorgie, Edinburgh. **INCOME PRODUCING LET INVESTMENT*** Property Comprises: Entrance Hallway, Open plan Living room/Kitchen area, Storage cupboard, Shower room with W/C and Bedroom. Property benefits from Secure Door Entry System, Double Glazing, On street Parking and a communal garden to the rear. Property is professionally managed by a well established property management company - currently tenanted at £575 pcm. This will generate £6,900 per annum giving an approximate gross rental yield of 6.5% if achieved for Guide price. EPC RATING F.
Situated in the bustling Dalry area, which is a highly sought after location, due to it’s close proximity west of the city centre (approx: 2.5 miles), and Edinburgh’s financial district in the west end. This location offers an easy commute both for work or pleasure, for Edinburgh’s vast array of attractions, including Museums, Theatres, bars and restaurants. There are also excellent local ameities, within Dalry, including fabulous eating establishments and various independent and specialist shops. Fountainpark Entertainment Centre is a short walkaway, offering a Cineworld, Virgin Active gym and Tenpin Bowling. It is a popular with the student market due good bus services, linking to Edinburgh University and Edinburgh Napier University Campuses. Haymarket Railway Station and the Tram network, is a 10 minute walk, offering easy commuting and access to Edinburgh International Airport
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Ownership & Occupation:
Freehold- Outright ownership of the property and land on which it stands.
Tenanted- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
|Type of Agreement||Short Assured Tenancy (SAT)|
|Length||(SAT) Rolling Month to month|
|Rent||£6,900 per year / £575 per month|
|Yield||6.6% (at guide price)|
|Notes:||Professionally managed by MGM Lettings.|
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Internal Open Viewings:
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
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You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
Offer Now:You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person:Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live:
If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Bid by Proxy: (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
21 March 2018
Edinburgh Marriott Hotel
111 Glasgow Road, EH12 8NF