Annandale Street
Edinburgh, EH7

Description

Tenanted 2 bedroom buy-to-let investment in the heart of the New Town/East End . This first floor flat is located within a moden development with the accommodation comprising of a spacious hall with storage, two double bedrooms, one of which has an en-suite, large living room with balcony window, modern kitchen adjoined with all appliances and a further bathroom with shower over bath. The property benefits from gas central heating, double glazing, well kept communal areas and being fully compliant for the rental market. 

The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since 2023 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £16,800pa representing a current yield of 5.7%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £330K. The factoring charges are approximately £2300pa. 

Situated within walking distance of the Edinburgh Tramline, this development is also on the doorstep of the New Town, the St James Quarter, and Omni Centre; all offering leading retailers, independent shops, bars, restaurants, cinema, and a plethora of other leisure activities. And not too far down the road, around a 30 minute walk, is The Shore, an ever popular hot spot for off-piste bars, Michelin Star restaurants, and trendy eateries. Being close to the Edinburgh Tram network means getting to and fro from Edinburgh Airport becomes so much easier and, of course, there are a whole host of local buses available to transport you around the city.