38 units on sale for pre-build funding – 38 units sold
This is a mixed development comprising of 61 apartments over five floors and over 19,000 sq.ft of office space over 4 floors.We have been asked to sell 38 residential units, made up of twelve 1 beds and twenty-four 2 beds and two 3 beds, as a requirement for the developers pre-build funding.
The Development
Hopetoun Street is located approx. 10 minutes walk from Princes Street, Edinburgh, leaving it a ideal location for work, shops and leisure. It is also close to the newly developed Port of Leith, with the Ocean Terminal Shopping Centre and the largest multi-screen cinema in the city. Local transport links are also excellent with the A1, M8, M9 and the city bypass all within a short drive. Nearby Waverly Train Station also offers a regular service to both Glasgow and London’s Kings Cross.
This development has just received planning permission and will have a build period of approx. 2 years. The apartments are priced at bank appraisal levels and offer the investor an excellent opportunity for capital appreciation (ESPC figures to end of June 2004 show 24% growth). Deposit levels are fixed at £2,000 per apartment (plus our fees and solicitors fees), with no additional payments required until completion. Contracts are assignable and the units may be sold on before completion. This development is backed by a 10 year NHBC guarantee.
Specification
8’10” floor to ceiling measurement in all apartments
100% allocation of secure underground parking included in the price
Ensuite to all main bedrooms in 2 and 3 bed apartments
1.5 metre wide balcony (south-east aspect) on all but one apartment
Video door entry system
Fitted Kitchen with oven, hob, hood, integrated washer/drier and integrated fridge freezer to be incorporated within design.
Tiling upstand to kitchen worktops / full tiling to shower cubicles / dado height tiling to bath area / splashback to wash hand basins.
Parking
There is 1 secure parking space allocated to each apartment included in the price.
Rental Returns
There is a strong rental demand for apartments, within close proximity to the city centre, which are currently renting out as per the list below:-
1 Beds – £550 – £600 per month
2 Beds – £800 – £850 per month
3 Beds – £1,000 – £1,100 per month
Rental returns will vary on the level and quality of furniture used in the apartment.
Reservation Process
Reservation fees are £500 stg per apartment, with an additional £1,500 stg and associated fees required on exchange, which will be in approx. 2 to 4 weeks time.
Reservation drafts/cheques are payable in stg only and are made payable to:
Henderson Boyd Jackson W.S
Exchange Tower,
19 Canning Sreet,
Edinburgh EH3 8EH,
UK
and marked for the attention of Ross MacKay.
If you wish to reserve/enquire about a particular property, please phone Des on 042-9378877.