No longer on the market
This property is no longer on the market
Map11 bedroom flat
Flat
11 beds
6 baths
Key information
Tenure: Freehold
Council tax: Band A
Features and description
- Six properties (apartments)
- Fully let and compliant
- High Standard Props
- Popular Areas
- 7.38% Yield
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.
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.
Property information from this agent
About this agent
Our residential property team specialise in property sales and conveyancing. We provide a refreshing, dynamic, straightforward, honest and results-driven approach to selling your home. With considerable expertise in selling property across central Scotland, we coordinate every aspect of the property sales process. We provide a valuation for your home, compile market leading quality sales material, advertise through the best web portals available and, of course, negotiate the best possible price. We can also arrange your mortgage needs, complete the legal conveyancing process and find a new home for you.