Flat for sale in 89 Lothian Road 2/2, Edinburgh EH3

• Prime Property Auctions is excited to present this exceptional opportunity, this vacant 4 bedroom property located within a sought after location in Edinburgh - ***Home Report of £385,000***

• ***11a, Cornwall Street, Edinburgh, Mid EH1 2EQ sold for £470,000,8 Stafford Street, Edinburgh, Midlothian EH3 7AU sold for £470,000,3, Fountainbridge, Edinburgh, Midlothian EH3 9QG sold for £500,000***

• Property could achieve market rent of between £3400 - £3600 pcm / £40,800 - £43,200 pa which could give the property an impressive gross yield of 10.8% - 11.5% based on the guide of £375,000.

• Sure to appeal to shrewd buy to let investors looking for a great high yielding opportunity with great capital growth potential.

• Property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools and sports facilities.

Prime Property Auctions is excited to present this exceptional opportunity, this vacant 4 bedroom property located within a sought after location in Edinburgh - ***Home Report of £375,000***

Property Comprises:

Entrance Hallway, Livingroom, 4 Spacious Bedrooms, Bathroom, Shower Room and Kitchen. Property also benefits from gas central heating and ample storage throughout.

Sales Evidence:

***11a, Cornwall Street, Edinburgh, Mid EH1 2EQ sold for £470,000,8 Stafford Street, Edinburgh, Midlothian EH3 7AU sold for £470,000,3, Fountainbridge, Edinburgh, Midlothian EH3 9QG sold for £500,000***

Currently Vacant! This property could achieve market rent of between £3400 - £3600 pcm / £40,800 - £43,200 pa which could give the property an impressive gross yield of 10.8% - 11.5% based on the guide of £375,000.

Potentially excellent opportunity for serviced accommodation, with rates for 4 bed properties in the area starting from around £130 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £12,652 pcm (£151,824 P/A) which would generated an incredible 40.4% gross yield if secured at the guide of £375,000.

Sure to appeal to shrewd buy to let investors looking for a great high yielding opportunity with great capital growth potential.

Property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools and sports facilities.

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Offer Now” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Edinburgh, Scotland's capital city, stands as a premier investment destination known for its robust economy, historic charm, and strategic global connections. Renowned for its financial services sector, the city is also a hub for technology, education, and tourism, driven by world-class institutions like the University of Edinburgh. The city's historic and cultural allure, epitomised by landmarks such as Edinburgh Castle and the annual Edinburgh Festival, attracts millions of visitors annually, boosting the local economy. Significant infrastructure developments and excellent transport links, including an international airport and direct rail connections to major UK cities, enhance its accessibility. This combination of economic strength, cultural richness, and strategic development positions Edinburgh as an ideal location for investors seeking sustainable growth and diverse opportunities.