Pitt Street, Flat 4, Edinburgh EH6 1 bed flat for sale

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Pitt Street, Flat 4, Edinburgh EH6 1 bed flat for sale

Pitt Street, Flat 4, Edinburgh EH6
£143,000

Our Summary

  • HIGH YIELD INVESTMENT OPPORTUNITY
  • * REDUCED FOR QUICK AUCTION SALE * PROPERTY CONSISTS OF:- Entrance Hall, Lounge/kitchen/diner, Double Bedroom, Shower room, Separate W
  • HIGH YIELDING INVESTMENT OPPORTUNITY- Long term tenant paying £600pcm giving an annual income of £7,200 and offering a superb yield of 7% if achieved for guide price
  • 25m (17'7Auction Details09 January 2025, 10am-3pm Timed Online AuctionHow to Bid Now Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY
  • Future Property Auctions - Scotland's Largest Land and Property Auction House

Description

This superb tenanted investment property is a first-floor one-bedroom flat located in the popular Bonnington area of Edinburgh. The property is in excellent walk-in condition and is available for a reduced price for a quick auction sale. The flat features an entrance hall, open-plan lounge/kitchen/diner, double bedroom, shower room, and separate WC. The property benefits from shared rear garden area, double glazing, and gas central heating. The flat is currently tenanted, with a long-term tenant paying £600 per month, generating an annual income of £7,200 and offering a yield of 7% if achieved for the guide price. The property is expected to generate a higher rental income as a student rental, with a realistic rental value of £1,050-£12,300 per year. The property is being sold through a timed online auction, with bidding opening on January 9, 2025, at 10am-3pm.
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