Grahame Place, Belhaven Road, Dunbar, East Lothian, EH42 1EG

< Search for properties

CLOSING DATE - 26 JANUARY - 12 NOON

Residential Investment Opportunity

On the instruction of A A Brown and J B Cartwright, as Joint Administrators of Strathallan Limited and Strathallan Dunbar Limited

11 four bedroom homes and 3 development plots producing £86, 940 pa - potential for asset management and rental uplifts.

The properties were developed by Strathallan Homes in 2008 and comprise of the following house types:

6 units - 'Lammermuir' (approx. 1312 sq.ft / 122 sq.m)
2 units - 'Law' (approx. 1,370 sq.ft / 127.4 sq.m)
3 units - 'Pentland' (approx. 1,390 sq.ft / 129 sq.m)

The properties benefit from integral garages, off-street parking and front and rear gardens.

The development plots are 'Pentland' house types - Plot 9 and a further two plots in Phase 2 (Plots 12 & 13).

Tenancy Information - 10 of the properties are let on Scottish Assured Shorthold Tenancy Agreements, currently producing £86, 940 pa. Rettie & Co's Lettings & Management team have been involved with the letting of these properties since 2010 and are of the view that the properties have an ERV of £99,000pa increasing to £126,000pa once fully developed, significantly more if let fully furnished.

Location - Grahame Place is situated near the centre of Dunbar, East Lothian, approx. 28 miles from Edinburgh and 28 miles from Berwick-upon-Tweed. It is within commuting distance of Edinburgh with excellent rail and road links.