One bedroom flat

Exciting one bedroom tenement flat refurbishment project in the ever popular Gorgie area, approximately three miles east of Edinburgh city centre. Enjoying preferred first floor position the accommodation format, although currently uninhabitable, comprises spacious lounge with raised dining area off, stripped out kitchen, bedroom with storage, shower room and separate WC. The property further offers a large shared garden area to the rear. Whilst not currently suitable for mortgage lending, this property offers a fantastic opportunity to add significant value through a programme of refurbishment. On completion of works, the published LHA rates indicate £8975 p.a, although comparables in the strong rental market suggest that greater levels of rental income could be achievable. This property is ideal for investors, whether for rental or resale, but could equally attract owner/occupiers looking for a project to get their first foot on the property ladder. Early viewing is essential as this one is sure to move quickly. Council Tax Band B.

Tenure

Freehold

Area

Smithfield Street lies within the popular Gorgie area, adjacent to Gorgie Road, and approximately three miles from Edinburgh city centre. A variety of leisure and retail options are nearby, and Fountain Leisure Park is within walking distance. Education facilities, from primary through to university, are all available in the surrounding area. Regular public transport services run along Gorgie Road, and Haymarket train station is around one mile away.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Edinburgh City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.