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2 bedroom apartment for sale

Simpson Loan, Edinburgh

Sold STC £360,000

Property Description

Full description

A superb and contemporary two bedroom apartment finished to a high specification and situated on the fifth floor of the exclusive Quartermile development. Located on the southerly edge of Edinburgh city centre and surrounded by seven acres of landscaped grounds, the apartment benefits from striking views to Arthur's Seat and is within easy reach of Edinburgh University, the city centre and local amenities.

Entrance hallway, open plan living/dining/kitchen, master bedroom with dressing area, second double bedroom, bathroom.

Lift access, allocated garage parking space, communal garden grounds.

EPC = B

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 *£1650 to £1750 per calendar month providing a gross yield of *5.5%.

*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) £4000 - £4500
Parking for festival £150

September to July £2200 per month
Parking space £150 per month
**Gross Yield of 5.3%

**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:
18 August 2016

Map & Street View

Disclaimer - Property reference PER150426. 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.

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