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2 bedroom apartment for sale

Simpson Loan, Edinburgh

Sold STC £350,000

Property Description

Full description

A bright and well presented, second floor, two bedroom apartment forming part of the exclusive Quartermile development in central Edinburgh. The property blends period features with a modern and contemporary feel and has lift access, an allocated garaged parking space and is within easy reach of the City Centre and local amenities.

Entrance hallway, living/dining room with kitchen area, master bedroom with en suite shower room, second double bedroom and family bathroom.

The block is serviced with lift and there are communal garden grounds surrounding the block.

There is also an allocated garage parking space in the secure underground car park.

EPC = C

Viewing by appointment only.

BUY TO LET INVESTMENT OPPORTUNITY
The property presents a great opportunity for the 'buy to let' investor for short assured rentals or holiday rentals:

Short assured rentals. (min 6 months)
Desktop rental value of *£1750 to £1850 per calendar month providing a gross yield of *6.1%.

*Desktop rental values provided by Rettie and Co. lettings department - August 2016. Gross yield figures calculated on the higher rental figure against the Home Report value. Rental figures shall vary based on the time of year and specification if internal furnishings.

Holiday rentals:
Festival (August) £4500 - £5000
Parking for festival £150

September to July £2250 per month
Parking space £150 per month
**Gross Yield of 5.75%

**Gross yield calculated on August at 100% occupancy and 60% occupancy across the rest of the year.
*Desktop rental values provided by Rettie and Co. lettings department - August 2016. Gross yield figures calculated on the higher rental figure against the Home Report value. Rental figures shall vary based on the time of year and specification if internal furnishings.



More information from this agent

Listing History

Added on Rightmove:
11 August 2016

Nearest stations

  • Edinburgh Waverley (0.6 mi)
  • Edinburgh (0.6 mi)
  • Haymarket (1.0 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Rettie & Co , Edinburgh Sales

11 Wemyss Place Edinburgh EH3 6DH

0131 291 0057 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Rettie & Co , Edinburgh Sales

11 Wemyss Place Edinburgh EH3 6DH

0131 291 0057 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Edinburgh Waverley (0.6 mi)
  • Edinburgh (0.6 mi)
  • Haymarket (1.0 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Rettie & Co , Edinburgh Sales

11 Wemyss Place Edinburgh EH3 6DH

0131 291 0057 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference PER160522. 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 Rettie & Co , Edinburgh Sales. 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.

Map data OpenStreetMap contributors.