(Lot 5), Whinwell Road, Stirling, FK8 1EZ
Offers Invited
in joint agency with: 
Contact Information
Nav Kalkat
Rettie & Co.
1 India Street
Edinburgh
EH3 6HA
T. 0131 624 4062
M. 07919 162 407
F. 0131 220 4159
Contact Information
Will Scarlett
Rettie & Co.
1 India Street
Edinburgh
EH3 6HA
T. 0131 624 9041
M. 07768 146 642
F. 0131 220 4159
Joint Agent
Peter Allen
Savills
6-8 Weymss Place
Edinburgh
EH3 6DH
T. 0131 247 3718
M. 07968 550 311
Joint Agent
Piers de Winton
Savills
Lansdowne House
57 Berkley Square
London W1J
T. 0207 016 3816
TYPE OF PROPERTY: | Investment |
LOCATION: | Stirling |
Available as an individual lot or as part of a wider portfolio
Lot 5 : Whinwell Road, Stirling
24 two-bed apartments
Let on Scottish Assured Shorthold Tenancies
Annual Gross Income: £135,000
Annual ERV £147,900
Scottish Feuhold (equivalent of English Freehold)
LOCATION
The subjects are located on Whinwell Road in Stirling city centre. The city is located approximately 25 miles north east of Glasgow and 35 miles north west of Edinburgh. It benefits from excellent transport links to both cities. The M9 gives easy access to Edinburgh, and Glasgow can be accessed via the M80. The A9 connects Perth, Dundee and Aberdeen in the north.
The properties are in an excellent location, a short walk from Stirling city centre offering a range of leisure/retail facilities, including the Thistle Shopping Centre. Transport in the area is well served by regular rail services from Stirling train station north to Perth, Inverness and Aberdeen, and south to Glasgow and Edinburgh.
DESCRIPTION AND ACCOMMODATION
The properties are arranged within 3 linked purpose built blocks comprising 24 two bedroom apartments. The properties benefit from ample off street parking, and impressive views over Stirling, and the Wallace Monument.
TENANCY INFORMATION
The properties are let on Scottish Assured Shorthold Tenancy Agreements, currently producing £135,000pa.The properties benefit from low void rates with 33% of the properties having been let to the same individuals since 2007.
Rettie and Co's Lettings & Management recently inspected a selection of properties, and after reviewign the local market note an ERV of £147,900pa.
PROPERTY MANAGEMENT
The properties have been actively managed by Lothian Homes since 2007. Lothian Homes would be keen to continue with the management of these properties on behalf of the purchaser.
