4
Bed(s)
2
Bath(s)
1,498
SQFT
A fantastic opportunity to acquire a bright and spacious four-bedroom apartment, occupying the third floor of a traditional Victorian tenement.
The property would appeal to a buy-to-let investor, parents purchasing for their children studying at the university or simply those in search of a lovely family home.
The property is situated in the highly desirable residential area of Newington within walking distance of a wide variety of local amenities and the City Centre. The property offers spacious and versatile accommodation with four generously proportioned double bedrooms, two shower rooms, south facing sitting room with two wonderfully bright double windows and breakfasting kitchen. In addition, the property benefits from a large, shared garden to the rear laid to lawn, edged with leafy shrubs and well-planted floral border.
Enviably located within close proximity to the University of Edinburgh, the property owner has recently renewed the HMO licence which is valid until February 2026. Presented to the market in live in condition, the property is equipped for the next academic year and all content are available upon separate negotiation.
Desktop rental value by Rettie & Co in January 2024: £2800-£3000 pcm returning a gross yield between 7.4% and 8% against the Home Report valuation of £450,000.
Summary of Accommodation
Impressive Entrance Hall, Sitting Room with Deep Integrated Storage Cupboard,
Breakfasting Kitchen, Principal Bedroom Benefitting from Walk-In Wardrobe,
Three Further Double Bedrooms, Two Shower Rooms, Boiler Cupboard, Sanded Floors Throughout
EPC: E
SITUATION
West Preston Street is located in Newington, a vibrant residential area two miles south of the city centre within easy reach of Edinburgh city centre’s financial, business and shopping districts with the East End of Princes Street a mere twenty minutes walk away. It is well served by supermarkets with a large Sainsbury’s in the nearby Cameron Toll Shopping Centre, as well as a Sainsbury’s Local and Tesco Express a short walk away on Causewayside, a bustling street lined with independent retailers, antique stores, cafes and pubs. The lively areas of Morningside, Bruntsfield and Marchmont are also within easy reach.
Newington offers a superb range of sport, leisure and recreational activities with the Royal Commonwealth Pool and Leisure Club on the doorstep. Also in close proximity are several golf courses including Prestonfield Golf Club with the spectacular 640 acre Royal Holyrood Park behind. The setting gives the feeling of a peaceful haven on the edge of the city centre. The Festival Theatre and Queen’s Hall are within walking distance as are the National Museum of Scotland and Edinburgh Castle.
West Preston Street is also conveniently located for access to Edinburgh University campuses, Edinburgh Napier University and Edinburgh Royal Infirmary. It is well-served by the city’s efficient bus networks, the city by-pass, Edinburgh International Airport and central Scotland’s motorways (M8, M9, M90 and the Queensferry Crossing).
There is excellent state school provision in the area, with private options including George Heriots, George Watson’s College and Merchiston Castle School.
Viewings
Viewing by appointment through Rettie & Co. 11 Wemyss Place, Edinburgh, EH3 6DH. Tel: 0131 220 4160.
Offers
Offers should be submitted in Scottish Legal Form to the selling agents Rettie & Co. & Rettie LLP’s. A closing date by which offers must be submitted may be fixed later. Please note that interested parties are advised to register their interest with the selling agents in order that they may be advised should a closing date be set. The seller reserves the right to accept any offer at any time.
Internet Website
This property and other properties offered by Rettie & Co. & Rettie LLP’s. can be viewed on our website at www.rettie.co.uk as well as Rightmove and The London Office.
Servitude Rights, Burdens & Wayleaves
The property is sold subject to and with the benefit of all servitude rights, burdens, reservations and wayleaves including rights of access and rights of way, whether public or private, light, support, drainage, water and wayleaves for masts, pylons, stays, cable, drains and water, gas and other pipes whether contained in the title deeds or informally constituted and whether or not referred to above.
Important Notice
Rettie, their clients and any joint agents give notice that:
Proof and source of Funds/Anti Money Laundering
Under the HMRC Anti Money Laundering legislation all offers to purchase a property on a cash basis or subject to mortgage require evidence of source of funds. This may include evidence of bank statements/funding source, mortgage or confirmation from a solicitor the purchaser has the funds to conclude the transaction.
All individuals involved in the transaction are required to produce proof of identity and proof of address. Rettie use electronic verification, if this is not possible original documents are acceptable.
Misrepresentations
Particulars prepared January 2024 - Second Issue.