89 Lothian Road 2/2, Edinburgh, EH3 9AW
- PROPERTY TYPE
Flat
- BEDROOMS
4
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Prime Property Auctions is excited to present this exceptional opportunity, this vacant 4 bedroom property located within a sought after location in Edinburgh - ***Home Report of £385,000***
- ***11a, Cornwall Street, Edinburgh, Mid EH1 2EQ sold for £470,000, 8 Stafford Street, Edinburgh, Midlothian EH3 7AU sold for £470,000, 3, Fountainbridge, Edinburgh, Midlothian EH3 9QG sold for £50
- Property could achieve market rent of between £3400 - £3600 PCM / £40,800 - £43,200 PA which could give the property an impressive gross yield of 10.8% - 11.5% based on the guide of £375,000.
- Sure to appeal to shrewd buy to let investors looking for a great high yielding opportunity with great capital growth potential.
- Property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools and sports facilities.
Description
- Prime Property Auctions is excited to present this exceptional opportunity, this vacant 4 bedroom property located within a sought after location in Edinburgh - ***Home Report of £385,000***
- ***11a, Cornwall Street, Edinburgh, Mid EH1 2EQ sold for £470,000, 8 Stafford Street, Edinburgh, Midlothian EH3 7AU sold for £470,000, 3, Fountainbridge, Edinburgh, Midlothian EH3 9QG sold for £500,000***
- Property could achieve market rent of between £3400 - £3600 PCM / £40,800 - £43,200 PA which could give the property an impressive gross yield of 10.8% - 11.5% based on the guide of £375,000.
- Sure to appeal to shrewd buy to let investors looking for a great high yielding opportunity with great capital growth potential.
- Property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools and sports facilities.
Prime Property Auctions is excited to present this exceptional opportunity, this vacant 4 bedroom property located within a sought after location in Edinburgh - ***Home Report of £375,000***
Property Comprises:
Entrance Hallway, Livingroom, 4 Spacious Bedrooms, Bathroom, Shower Room and Kitchen. Property also benefits from gas central heating and ample storage throughout.
Sales Evidence:
***11a, Cornwall Street, Edinburgh, Mid EH1 2EQ sold for £470,000, 8 Stafford Street, Edinburgh, Midlothian EH3 7AU sold for £470,000, 3, Fountainbridge, Edinburgh, Midlothian EH3 9QG sold for £500,000***
Currently Vacant! This property could achieve market rent of between £3400 - £3600 PCM / £40,800 - £43,200 PA which could give the property an impressive gross yield of 10.8% - 11.5% based on the guide of £375,000.
Potentially excellent opportunity for serviced accommodation, with rates for 4 bed properties in the area starting from around £130 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £12,652 PCM (£151,824 P/A) which would generated an incredible 40.4% gross yield if secured at the guide of £375,000.
Sure to appeal to shrewd buy to let investors looking for a great high yielding opportunity with great capital growth potential.
Property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools and sports facilities.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Edinburgh, Scotland's capital city, stands as a premier investment destination known for its robust economy, historic charm, and strategic global connections. Renowned for its financial services sector, the city is also a hub for technology, education, and tourism, driven by world-class institutions like the University of Edinburgh. The city's historic and cultural allure, epitomised by landmarks such as Edinburgh Castle and the annual Edinburgh Festival, attracts millions of visitors annually, boosting the local economy. Significant infrastructure developments and excellent transport links, including an international airport and direct rail connections to major UK cities, enhance its accessibility. This combination of economic strength, cultural richness, and strategic development positions Edinburgh as an ideal location for investors seeking sustainable growth and diverse opportunities.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: D
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
89 Lothian Road 2/2, Edinburgh, EH3 9AW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Haymarket Station0.5 miles
- Edinburgh Waverley Station0.7 miles
- Slateford Station2.0 miles
About the agent
Prime Property Auctions (Scotland) Ltd, Glasgow
126 West Regent Street, Glasgow, G2 2RQ
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 207059230. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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