Flat for sale in Investment Portfolio, Main Road, Inverkeilor DD11

Offers in region of £500,000
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Flat for sale - 11 bedrooms

11 6 6

Tenure:
Freehold
Council tax band:
Not available

Property features

  • Six properties (apartments)
  • Fully let and compliant
  • High Standard Props
  • Popular Areas
  • 7.38% Yield

Property description

A lucrative opportunity has arisen to purchase the Second Chance Portfolio, a selection of 6 properties.

Despite the current economic and political uncertainty, the Scottish Private Rented Sector (prs) continues to perform well, with lack of supply paired with a high demand for renters. The latest report from letting portal Citylets (Q4 2020) shows that year-on-year, average rents across Scotland as a whole have risen by 3.6%. This, coupled with the average time to let falling, makes now the perfect time to invest.

The Second Chance Portfolio has a cumulative value of £500,000 and generates an impressive
gross annual yield of 7.5%, which is significantly higher than the average yield in Scotland’s four major cities: Edinburgh (5.1%), Glasgow (5.8%) and Aberdeen (5.5%). The portfolio of mostly one and two-bedroom apartments, with one three-bedroom property, are all fully compliant with current rental regulations and legislation and there is 100% occupancy across the portfolio.

6 Apartments in Inverkeilor. Converted from the former Chance Inn Inverkeilor five years ago.
EPC rating: Unknown

Property info

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For more information about this property, please contact
Gilson Gray LLP, EH1 on +44 131 268 0623 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Gilson Gray LLP, and do not constitute property particulars. Please contact Gilson Gray LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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