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For Sale£900,000.00

Flats 1-8 St. Leonard's Court

Other, Residential, Other Property Types & Opportunities
Property type: Other, Residential, Other Property Types & Opportunities
Tenure: For Sale Leasehold
Price: £900,000.00
Location: Flats 1-8 St. Leonard's Court, St. Leonard's Bank, Perth, PH2 8EA
The property at St Leonard’s Court comprises the whole of a modern block of 8 similar apartments, completed around 15 years ago, arranged over ground and three upper floors.

Each apartment comprises two double bedrooms, lounge, kitchen, bathroom and hallway. The properties benefit from double glazing, gas central heating, secure entry system, well maintained garden / communal areas and
private parking.

The average approximate size of each property is around 83 sq m / 890 sq ft although parties should undertake their own measurements for accuracy.

The residential units are fully let on short assured tenancies (SAT’s) with a total passing rent of £4,815 pcm (£57,780 pa), at an average rent of £602 pcm per property.

A Valuation Report for the properties at St Leonard’s Court was prepared in accordance with the RICS Valuation Professional Standards 2014 and International Valuation Standards in May 2017. Copies of this report are available to interested parties.

The report notes a valuation of £150,000 per apartment and a total Market Value of £1,200,000. For the avoidance of doubt the Market Value in respect of the residential properties represents the total or aggregate Market Value of each property which has been valued individually and does not account for any
portfolio considerations.
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