Residential Investment Opportunity For Sale, 39 South Bridge, Edinburgh, EH1 1LL

The subjects comprise x5 three bedroom flats and x1 two bedroom flat situated on the first, second and third floors of traditional four storey end terraced tenement. The block consists of 12 residential flats in total on the upper floors accessed via South Bridge, with the ground floor consisting of two commercial retail units. Floorplans along with rental schedules and tenancy agreements are all available on request.
 

Location

The subject properties are located on the east side of South Bridge, Edinburgh, between the junctions with The Royal Mile and Infirmary Street. South Bridge has become firmly established as a retail and leisure destination in Edinburgh and is a targeted area for UK high street retailers, national and local eateries and licensed leisure operators. The location benefits from strong and regular bus links as well as being within ½ mile of Edinburgh University at Potterrow and within 500m of The Royal Mile, Edinburgh’s main tourist destination.

Terms

Tenancy
At present, all six flats are let on Scottish Private Residential Tenancy Agreements generating monthly rent of £XXXpcm with the exclusion of Flat 9 which is £XXXpcm, achieving a current annual rental of £XXX per annum. Three times the monthly rentals were achieved during the 2018 Edinburgh Festival, details available on request.

PRICE
Our client is seeking offers in excess of £XXX (One Million Six Hundred Thousand) or the Heritable Interest (Scottish equivalent to English Freehold).

Specification

• Prime residential investment portfolio for sale
• Located on South Bridge, in the heart of Edinburgh’s Old Town
• Five 3 bedroom HMO flats & One 2 bedroom residential flat
• Currently providing rental of £XXX per annum
• Excellent Edinburgh Festival rental growth potential
• Seeking offers in excess of £XXX (One Million Six Hundred Thousand Pounds)
• Significant LBTT and addition dwelling tax savings on portfolio purchase