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Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Tenanted

***Portfolio of 2 prime properties in the exclusive Liberton area of Edinburgh. ***Discounted guide price with properties potentially valued at circa £1,150,000***

***70 and 70a are located within a B listed former coachhouse in the sought after Liberton area of Edinburgh. Offered in walk in, fully modernised condition. Private car park and gardens***

***70 Kingston Avenue is a 5 bed property with HMO licence currently ofered with vacant possession. Previous home report valuation of £600,000***

***70a Kingston Avenue is a 4 bed property with HMO licence and is let on a PRT lease at £3,000 pm / £36,000 pa***

***Potential to combine both properties and create a stunning supersized family home. Potential care home, boutuique hotel. Lucrative serviced accomodation properties (all subject to consents)***

Prime Edinburgh Investment Portfolio | Two Adjacent Properties | Excellent Asset Management Opportunity An exceptional opportunity to acquire a portfolio comprising 70 and 70A Kingston Avenue, Edinburgh, offered together as a single auction lot. This attractive portfolio presents an ideal acquisition for investors seeking an income-producing asset with future asset management and capital growth potential in one of Scotland's strongest property markets. Whether retained as a long-term investment or considered as part of a wider portfolio strategy, the properties offer purchasers an opportunity to secure multiple assets within a highly desirable location. Edinburgh continues to demonstrate resilient demand from both owner-occupiers and tenants, supported by a diverse local economy, world-renowned universities and excellent employment opportunities. Portfolio opportunities of this nature are rarely available at auction and are expected to appeal to private investors, portfolio landlords, developers and property companies alike. Potential holiday let business, subject to licencing with nightly rates ranging from £350 off peak to upwards of £1500 during Edinburgh Festival. Massive potential income generating business opportunity.

Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length:
Rent: £36,000 per year / £3,000 per month
Yield: 4% (approx)
Tenant: Private Individual
Notes:

Maps & Location

Map   Street View   Satellite

Situated within a well-established residential area of Edinburgh, the properties benefit from strong local demand, excellent transport links and easy access to a wide range of amenities. The surrounding area offers an excellent selection of shops, supermarkets, schools, recreational facilities and public transport services, with convenient road links providing access to Edinburgh City Centre, the City Bypass and Scotland's central motorway network.

Document Downloads

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Pricing Information & Bidding

Opening Bid: £864,000

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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Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 1% of Sale Price (Minimum £2,500 + 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 - 70 and 70aKingston Avenue, Edinburgh






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