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4 bedroom flat

01573 244981

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Flat

4 bed

0 bath

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Broadband: Ultra-fast 1000Mbps *

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Property description & features

Investment opportunity
Residential portfolio
Immediate rental income
Long term tenants of over 10 years
Traditional charm
Period features

A fantastic opportunity has arisen for the rental investor to purchase a portfolio of two, two-bedroom apartments, within the town centre of Kelso. Brought to the market in very good condition, both properties offer fantastic, spacious accommodation and each consist of an entrance hallway, a well utilised kitchen, a generous master bedroom, a further smaller double bedroom and a shower room. Offering immediate return on investment, both 15a & 15b Horsemarket are receiving reliable rental income from long term tenants. Ideally suited to the rental investors looking to expand their current portfolio, viewings come highly recommended in order to fully appreciate. 15a Horsemarket, Kelso: Forming the first part of the portfolio, 15a Horsemarket is a very well proportioned, two bedroom flat, located on the first floor. Decorated in neutral tones throughout, the property is adorned with beautiful period features while benefitting from tall ceilings and an abundance of natural light. Currently receiving a monthly rental of £400.00, 15a Horsemarket has been successfully let to its long term tenant for over ten years. 15b Horsemarket, Kelso: Forming the second part of the portfolio, 15b Horsemarket occupies the second floor of the building. Neutrally decorated throughout, 15b Horsemarket sports those same period features while enjoying a further elevated view over the town. Also benefitting from well proportioned accommodation, this two bedroom apartment has been successfully let to the current tenant for over 10 years and is currently receiving £350.00 per calendar month. Investment Potential / Current Rental Yields: 15a Horsemarket, valued at £105,000 and receiving a current rental of £400.00 pcm offers an immediate gross rental yield of 4.57% 15b Horsemarket, valued at £95,000 and receiving a current rental of £350.00 pcm offers an immediate gross rental yield of 4.42%. It should be noted that neither of these rental values have been increased in a number of years and future yields would be far greater if the rentals were increased to market value.

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Cullen Kilshaw - Kelso - BSPC

43 The Square Kelso TD5 7HL

01573 244981

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Cullen Kilshaw Solicitors & Estate Agents Cullen Kilshaw are a long established firm of solicitor estate agents with offices across the central Borders, we are one of the busiest agencies in the region, letting, selling and buying hundreds of properties each year for our clients. While most people know us for our property sales, you may be surprised to know that more than half of our staff are kept busy providing a full range of legal services across our six offices, including administration of estates, family law, commercial leases, debt recovery, preparation of Wills and Powers of Attorney.

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*DISCLAIMER

Property reference 25747. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Cullen Kilshaw - Kelso - BSPC.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed: obtained from Ofcom on March 15, 2023

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area

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*Call rate information

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