Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 2 Bedrooms
- Home Report £150K
- Current Rental £820pm
- Current Yield 6.6%
- 51 sq m
- EPC Rating: C
- Unfurnished Let
- No Buyers Fees
Description
Tenanted 2 bedroom buy-to-let investment property in Leith only a few minutes from the Ocean Terminal. This second floor property is located within a traditional building dating back to 1880s. The property comprises an entrance hall, living room, kitchen, two bedrooms, and shower room. The property benefits from having double glazing, electric heating, a short walk from the tram stop, 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 March 2022 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £9,840 and provides a yield of 6.8%. The likely rental for a new tenancy would be circa £13,200pa representing an yield of 8.8%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £150K. The block has a monthly charge of £25 for the general upkeep.
The property lies at the heart of Leith’s cosmopolitan Shore district. Leith Links and Leith Victoria Swim Centre are within short walking distance. Ocean Terminal with its well-known casual dining options, multiplex VUE Cinema, high street retailers, and PureGym is also easily accessible on foot or by car. Excellent transport links mean that regular buses and trams take you swiftly into the City Centre and onto Edinburgh International Airport.