Impressive two bedroom tenanted apartment

Boasting stunning views and a desirable position within Edinburgh’s prestigious Quartermile development. The property is being offered as a tenanted investment and currently generates an attractive rental income of £2,575 per calendar month, equating to £30,900 per annum. The spacious and light-filled accommodation comprises an impressive open-plan kitchen, living and dining area, featuring floor-to-ceiling windows overlooking The Meadows, a modern fitted kitchen with integrated Siemens appliances, two well-proportioned double bedrooms, a master bedroom with ensuite shower room, and a further bathroom. Both bedrooms benefit from fitted wardrobes and carpeting, while additional features include gas central heating and secure private underground parking. Offered fully furnished at more than 20% below the market value, this is an excellent opportunity to acquire a ready-made investment in one of Edinburgh’s most sought-after developments. With a current incoming rent of £30,900 per annum, this offer an attractive 6% rental yield if purchased around the current guide price. Council Tax Band G.

Tenure

Freehold

Area

Quartermile is ideally positioned on the edge of The Meadows, just off Lauriston Place and within easy walking distance of Edinburgh city centre, the University of Edinburgh and the city’s financial and business districts. The property enjoys an exceptional range of amenities on its doorstep, including cafés, restaurants, a 24-hour gym, Starbucks and a Sainsbury’s supermarket, while the surrounding area offers an outstanding choice of independent shops, bars and restaurants. Many of Edinburgh’s renowned attractions are also within easy walking distance, including the historic Old Town, Grassmarket, Edinburgh Castle, George Street and the fashionable West End, together with the Traverse Theatre, Lyceum, Usher Hall and Cameo cinema. Excellent public transport links provide convenient access to the wider city and beyond, with Waverley railway station and Edinburgh’s extensive bus network readily accessible, while major road connections are also within easy reach.

Energy Efficiency Rating (EPC)

Current Rating C

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.