Students at Edinburgh’s universities, as well as young professionals, are fortunate enough to have the opportunity to live in some of the stunning Georgian terraces that make up the city’s New Town area.
Scottish agency CKD Galbraith are currently selling a collection of 3 to 5 double bedrooms apartments let on short assured tenancies which offer an ideal investment opportunity for sale as a whole portfolio or as individual propositions. The properties have performed extremely well over the years and are all of high standards either being recently refurbished or maintained to a good standard throughout.
Alasdair Mackenzie (0131 240 6960) says: ‘Due to the nature of the properties, they have always attracted high quality tenants and have never had any significant void periods, being popular among students and young professionals. This offers a perfect opportunity for first time buy-to-let investors entering the market as well as those keen to increase their own portfolio, with all properties currently retaining tenants and thus requiring no set up whatsoever.’
The properties are currently owned by William Frame, founder and chairman of Braemore Estates, one of Edinburgh’s largest lettings firms managing over 900 properties.
Mr Frame addes: ‘Owning all the properties for at least seven years, some for as long as 15, we have enjoyed good returns on the investment over this period. We have experienced evidence of a lot of people returning to the buy-to-let market in search of better investment returns after adjustments in house prices, so now is a great time for astute investors to take advantage of this opportunity.’
Available as a full portfolio, the six properties offer potential investors an annual rental of £131,100. An example of the rental yield on a second floor flat in Dublin Street is as follows:
Valuation: £575,000 Monthly Rent: £2,550 Annual Rent: £30,600 Rental Yield: 5.32%