Property

Investment Summary
- 10 Fox Street comprises 8 x 2 bedroom, two bathroom apartments
- Popular location in Leith, a short distance from Leith Walk and Leith Links
- Located 2 miles from the city centre with tram network to Leith to be completed in 2023
- The portfolio is currently producing a total income of c. £88,440 per annum
- 6 rentals on Private Rental Tenancies (PRTs) and 2 are on Shorthold Assured Tenancies
- We are seeking offers in excess of £1.7m reflecting a gross investment yield of c. 5.20%
- Should rents of the 8 apartments be increased to £1,150 PCM which is the most recent new rent achieved within the building, it would be a total annual income of £110,400 per annum, reflecting a gross yield of c. 6.5%

The building benefits from accommodation over 4 floors and has been well maintained through its current ownership, with a number of the apartments receiving internal upgrades. All eight 2 bedroom apartments run off a bright central stair and are all equal in accommodation and layouts with only slight variances in size. The building is currently factored by Forth Ports and all apartments have the right to a permitted parking space as well as ample on street parking in the local areas.

All flats are EPC rating C

Leith boasts a fantastic range of independent shops and eateries. There is easy access to the high street and department stores in the city centre. The epicentre of Edinburgh's luxury shopping scene, Multrees Walk and the new St James Centre is 2.5 miles away.

Also nearby is The Shore, featuring art galleries, delicatessens, florists and bottle shops selling local craft beers and wines. Leith Walk is a fantastic place to find all things vintage and upcycled, from furniture to fashion, full of lively places. Fox Street is an excellent base to explore Edinburgh's culinary spots; cafes, restaurants and pubs providing all kinds of cuisine at any level of service. Such as Tom Kitchin's Michelin-starred restaurant. Also, The Shore's independent restaurants offer unique dining experiences.

The area also boasts a wealth of sport and fitness facilities including the well equipped Meadowbank Sports Centre and David Lloyd leisure club in Newhaven with swimming pool and tennis court. For those who enjoy the great outdoors, Leith Links is on the door step, while Portobello beach, the majestic Holyrood Park, Salisbury Crags and Arthur's Seat are just a short drive away.

The Playhouse offers an opportunity to see popular local and touring theatre and musical's just a stone' throw away. There are also two nearby cinemas where you can catch all the latest blockbusters as well as arts screenings from the Royal Opera House and the Royal Ballet, as well as the National Theatre. The area is served by an excellent range of local schools in both the public and private sector.