Boyd Legal are delighted to present this well presented bright and spacious first floor flat located in highly sought after residential area of Morningside. The property has been decorated in neutral tones and comprises: a large entrance hallway, living room, fitted kitchen with white base and wall mounted units with integrated oven and...
Boyd Legal are delighted to present this well presented bright and spacious first floor flat located in highly sought after residential area of Morningside. The property has been decorated in neutral tones and comprises: a large entrance hallway, living room, fitted kitchen with white base and wall mounted units with integrated oven and hob, four double bedrooms and family sized bathroom fitted with three-piece suite in white with shower over the bath. The property benefits from gas central heating throughout and there is a communal garden located to the rear. Viewing is highly recommended to fully appreciate the size of accommodation on offer.
It should be noted that this property is being sold as an HMO investment property and that the current tenants lease runs until August 2018. With the flats excellent location and close proximity to the main Universities, it is not surprising that the flat has been occupied as a student let for approximately 10 years with no voids. The flat is currently let at montly rental income of £1,820 (£21,840 per annum) which represents an excellent return on investment even more-so when coupled with the potential for capital appreciation. Alternatively. the flat could be purchased for reversion to a spacious family home when the current lease expires in August 2018.
Morningside is one of Edinburgh’s most sought after residential areas situated to the south of the city centre. A wide range of excellent amenities is available locally, including both a Waitrose and Marks and Spencer food halls, a great selection of restaurants and bars, a cinema, theatre and other boutique shops. Excellent pre-school, primary and secondary schools including Bruntsfield Primary, Boroughmuir Secondary and George Watson’s College are all available nearby. George Heriot’s school and Merchiston Castle School are also in the vicinity. There are excellent leisure facilities close by with the Galleon Swimming and Fitness Centre and the Braid and Blackford hills for the outdoor enthusiast, providing delightful walks as well as both public and private golf courses. The city centre itself is easily accessible with regular buses from Morningside Road and the nearby Edinburgh Bypass leads to the motorway network of central Scotland and Edinburgh Airport. The property is convenient for schools in both the private and public sector, together with the Napier University Campus. Leisure facilities in the area include Warrender Park Baths and a private Health Club at the Fountain Park leisure complex, which also includes a multi-screen cinema. Pleasant walks, tennis and putting can all be enjoyed nearby on Bruntsfield Links and The Meadows.
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