Lothian Street
Bonnyrigg, EH19

Lothian Street
Bonnyrigg,EH19

3 Bedrooms 2 Bathrooms
Guide price:£215,000
Ends 15th June 2022 at 3PM
  • Traditional
  • Parking:Street
  • Council Tax Band:B
  • Portfolio of 2 flats
  • Turn Key investment opportunity
  • £15,000 annual income
  • Terrific long term professional tenants
  • Town centre location
  • Gas Central Heating
  • Double glazed windows
  • External drying green
  • Excellent Capital Growth potential
  • Pre-auction offers welcomed

Description

Tenure: Freehold

We are delighted to bring to the market this tenanted portfolio offering immediate returns on investment.  Both flats have excellent long term tenants and are in terrific condition.

Flat 8a comprises of 2 Double Bedrooms, open plan living and kitchen area. shower room, and w.c achieving £650pcm.  Please note that currently the tenant is using one of their bedrooms as a living room and the living area off the kitchen as a spare reception room.

Flat 8b comprises of a double bedroom, living room, kitchen and bathroom.  Current rent being achieved is £600pcm.

Both flats are being well maintained by excellent long term tenants,  all rents are up to date.  Combined annual income of both flats is £15,000 per annum.

Properties further benefit from gas central heating, double glazed windows, external drying green to the rear and excellent town centre location.

If sold separately, 8B is likely to achieve around £115,000.00 while a realistic resale value for 8a would be around £140k meaning the combined resale value of the two properties would be around £255,000.00 

Bonnyrigg is a bustling, friendly town that has a great position in the heart of the Midlothian.

There's a Tesco's supermarket a short drive away, while a wide range of high- street stores (including Marks & Spencer and Sainsbury's) are at the nearby Straiton Retail Park (home to IKEA).

There are lots of local amenities too. Bonnyrigg boasts a good selection of nurseries and primary schools, alongside the well-regarded Lasswade High School. It also has a great pool, spa and gym along with a range of other sports facilities. There are three local golf courses and a nearby equestrian centre where you can learn how to ride. You can even take to the slopes at the nearby Hillend Ski Centre.

Bonnyrigg has excellent transport links. Edinburgh's bypass is just over two
miles away and there are excellent bus connections into the city. Finally, thanks to the new Borders Railway Line you can catch a train from nearby Eskbank and be in the city in about 18 minutes.

Please be aware as this is a portfolio sale, no Home Reports are provided.

In the event of an offer being accepted the following charges will be payable immediately:-

Buyers Fee £3,000

Deposit to the sum of 10% of the sale price (subject to a minimum of £3,000)

EPC rating: D.

Location


Available
Areas

edinburgh_shore
Edinburgh

Beautiful Capital City of Scotland is a popular tourist and business destination all year round.  The property market in this fine Festival City has consistently remained buoyant for a good number of years and doesn’t show any signs of slowing down at any time soon.  Edinburgh is our hub for both the city and all surrounding areas from the scenic Scottish Borders to the commuter towns of and picturesque villages of Fife.

dundee_city_quay
Dundee

The wonderful City of Discovery has enjoyed a regeneration in recent years with the waterfront development on the banks of the Firth of Tay estuary at the heart of it.  Dundee benefits from a large Student population ensuring rental properties, in particular,  are always popular.  Moving south from Dundee is the Fair City of Perth while going the other direction North of Dundee you have the birthplace of Scotland, Angus.

aberdeen
Aberdeen

The Granite City, as it is affectionately called, is a vibrant city with a large student population.  The city has benefited from the Oil industry with a number of large businesses headquarters being based there.  The Aberdeenshire area boasts some of the best beaches and coastal walks in the country.  With the rise in popularity of Staycations the rural settings of Aberdeenshire villages are sure to be popular in the coming years.