Property description
**FABULOUS INVESTMENT OPPORTUNITY - GROSS YIELD IN EXCESS OF 10%**
*Home Report Valuation - February 2016 - £115,000*
8 Bank Court is an excellent investment opportunity, complete with HMO License, situated in the heart of Galashiels, which now benefits from a station on the new Borders Railway that runs from Tweedbank to Edinburgh.
A double upper flat which occupies the first and second floor of a larger building it provides a strong gross yield, with six letting rooms and is ideal as a student let with Heriot Watt University and Borders College campuses located in the town.
On full occupancy, the property has the potential to provide a gross yield of around 13% based on the current Home Report valuation of £115,000. It should be noted that the flat currently has five rooms let out and is bringing in a monthly income of: £1,260 at a gross yield of around 10%.
Alternatively, the internal layout could be altered, subject to the necessary permissions, to provide a spacious apartment in a very central location.
Double glazed, with gas fired central heating the property is in good condition, and is easily maintained. There is on-street parking nearby and local amenities are in the immediate vicinity.
EPC: E53
Edinburgh 34 miles. Tweedbank 3.0 miles. Melrose 4.5 miles Peebles 19.0 miles
(All distances are approximate)
*You can contact the agent 7 days a week to organise a viewing - subject to availability - 01896 820 226*
Property Features :
- Excellent Investment Opportunity
- New Railway Station in Galashiels
- Gas Central Heating
- Double Glazed