(Lot 2), Gogarloch Syke, Edinburgh, EH12 9JE

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Available as an individual lot or as part of a wider portfolio

Lot 2: 123 Gogarloch Syke, Edinburgh

6 two-bed apartments

Gross Annual Income: £33,600

Annual ERV £48,600

Scottish Feuhold (equivalent of English Freehold)

LOCATION
Located approximately 6 mile west of the city centre. Edinburgh is the capital city benefiting from one of the most robust economies in the UK centered on financial services, tourism, and higher education.

The properties are located in a modern development known as Gogarloch Syke, an excellent location to access the major employment areas of South Gyle, Edinburgh Park and Edinburgh airport. In addition to this the properties are served well by local leisure/retail facilities of the Gyle Shopping Centre and excellent public transport from Edinburgh Park railway station.

DESCRIPTION AND ACCOMMODATION
The properties are arranged within a modern purpose built block and comprise 6 two bedroom apartments. The properties also benefit from off street parking and a communal garden.

EDINBURGH RENTAL MARKET
Edinburgh benefits from a robust rental market, the city has low void rates on average 34 days, and strong rents, with the average two bedroom properties achieving £694 per month. The city has maintained steady rental growth with annual growth rates of 4.5% for 2 bed properties, according to Citylets (Scotland Rental Report Q1 2011).

Gogarloch Syke is located within the EH12 postcode of the city, average rents in the EH12 postcode for 2 bedroom properties is £701 pcm, according to Citylets (Scotland Rental Report Q1 2011).

TENANCY INFORMATION
2 of the properties are let on Scottish Assured Shorthold Tenancy Agreements and 3 are let on Assured Tenancies, currently producing £33,600pa.

PROPERTY MANAGEMENT
Actively managed by Lothian Homes since 2007, who would be keen to continue with the management of the properties on behalf of the purchaser.

Links

http://www.rettie.co.uk/development/pfp