Block of Apartments
A freehold investment opportunity comprising 10 apartments in a prime location offering a impressive yield and low risk investment opportunity. Current income £48,860 pa (vacant unit) with scope to increase and fully let close to £60,000 pa at full market rent.
All are let on AST's, with relevant safety certs in place. The current rent roll is as follows -
We have been advised by the managing agent that "they took over the management in April 2023, the longer standing tenants haven’t had rent increases upon the landlords requests) The higher rental income flats are the ones where we have obtained new tenants, upgraded the flats a little and achieved higher rents."
Tenancy Details - Flat 1
Tenancy Start Date – 7 June 202
Periodic had no increase (landlords request).
£550.00pcm
Deposit £630.00.
Flat 2 – Tenancy Start Date – 11 July 2025 – Periodic rent increase able July 2026
£450.00pcm Deposit £510.00
Flat 3 – Tenancy start date – 11 July 2025 – Periodic rent increase able July 2026
£450.00pcm Deposit £510.00
Flat 4 – Tenancy Start Date – with previous agent 23rd July 2022 periodic, never had increase (again landlords request)
£475.00pcm Deposit £545.00
Flat 5 – Tenancy Start Date – 18th July 2015 (with previous Agent) – periodic had no increase (Landlords request)
£80 per week Deposit £320.00
Flat 6 – Tenancy Start Date – 5th March 2026 – 6-month Fixed Term
£550pcm Deposit £630.00
Flat 7 = Tenancy start date 2015 – renewed 6 months contract 17th March 2026 no increase of rent(landlords request)
£430.00pcm – nil deposit
Tenant has granted access
Flat 8 – tenancy start date 2015? – renewed 6 month 18th March 2026 no increase of rent (landlords request)
£370.00pcm – nil deposit
Flat 9 – Tenancy start date 12th Dec 2025 fixed term 6 months – increase able in Dec 2026
£450.00pcm Deposit £510.00
Flat 10 empty – will be marketed at £450pcm
Interested parties are advised to inspect the legal pack for more information.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 3.6% of the purchase price
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
