6A (2F3) Picardy Place, New Town... 1 bed flat for sale

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6A (2F3) Picardy Place, New Town... 1 bed flat for sale

6A (2F3) Picardy Place, New Town, Edinburgh, EH1
£125,000

Our Summary

  • * CASH BUYERS ONLY*The property is an ideal investment proposition and last achieved £800 PCM on the long-term rental market

Description

This cash-only property is a rare investment opportunity in Edinburgh's prestigious New Town, offering a second-floor studio apartment with unrestricted skyline views towards the Firth of Forth. The property is located in the heart of the city, with all amenities on the doorstep, and has a current rental value of £825-£850 PCM, providing a circa 8% return. The apartment features a hallway, sitting/dining room/kitchen/bedroom, and fully tiled shower room, with electric heating and on-street permit parking available. The property has been previously let on the long-term rental market, with a history of achieving £800 PCM. The New Town is a UNESCO World Heritage Site, characterized by stunning Georgian and neo-classical architecture, cobbled crescents, and beautiful private gardens, with a vibrant cultural scene, excellent public transport links, and access to the city's best parks and green spaces. The property is being sold as seen, with no warranties or guarantees provided.