LOCATION
The properties are all located within central Falkirk and the surrounding areas.
DESCRIPTION
The portfolios provide an excellent opportunity for investor/s to purchase secure cash-flowing assets.
The properties rents have not been increased for several years and there is an excellent opportunity to achieve rental growth.
Many properties have benefited from various ECO measures in recent years, including cavity wall insulation, new windows, new efficient gas boilers, loft insulation and internal wall insulation panels.
The properties have an excellent existing management team.
The management team handles;
• New lettings
• General repair and maintenance
• Statutory and legal compliance
• Rent collection
• Day to day running of the portfolio
• The properties are sought after, and there is currently a tenant waiting list
The current management team are available to continue managing on behalf of a new investor/s. This may well make the investment opportunity perfect for hands-off investor/s.
TENANCY
There is a mix of tenancy agreements, including Private Residential Tenancies and Short Assured Tenancy Agreements. Full tenancy detail, copies of leases and statutory safety certification can be provided to seriously interested parties after discussions with the selling agent.
LEGAL COSTS
Each party bears their legal costs in the documentation of these transactions; however, the in-going tenant will be responsible for any LBTT, Registration Dues and any VAT incurred thereon.
EPC
Copies of EPC can be provided upon request.
PRICE
Price on application.
DATA ROOM
Interested parties will have access to a full data room upon registering their interest.
Each tranche of properties comprises of the following;
Tranche 1
•6 One-bed flats
•Price £405,000
•Current passing yield 6.80%
• Opportunity yield 7.50%
Tranche 2
•6 Two-bed flats
•Price £540,000
•Current passing yield 6.00%
•Opportunity yield 6.80%
Tranche 3
•6 Two-bed flats
•Price £570,000
•Current passing yield 5.80%
•Opportunity yield 6.30%
Tranche 4
•7 Two-bed flats
•Price £665,000
•Current passing yield 5.60%
• Opportunity yield 6.30%
Tranche 5
• 5-bed flats and 1 one-bed flat
•Price £550,000
•Current passing yield 6.00%
•Opportunity yield 6.80%
Tranche 6
•3 two-bed flats, 2 one-bed flats and a 5-bed semi-detached house
•Price £765,00
•Current passing yield 4.70%
•Opportunity yield 6.00%
