Investment property - Portfolio of 7 Flats

Portfolio sale of 7 flats ready let generating £35,040 per annum, representing a prime investment property in an excellent trading position and a perfect addition to any portfolio. 140-144 South Street comprises two ground floor commercial units and five residential properties within a mid-terraced three-storey and attic traditional stone and slate building. 146-150 South Street comprises two ground floor commercial units and two residential properties above, fully tenanted, within a traditional two-storey and attic stone and slate building. The accommodation includes: 142A South Street, a ground floor bedsit at £245 pcm; 142B South Street, a first floor two-bedroom flat at £425 pcm; 142C South Street, a first floor bedsit at £275 pcm; 142D South Street, a second and attic floor two-bedroom flat at £450 pcm; 142E South Street, a second floor bedsit due to be let following refurbishment at an expected £550 pcm; 148A South Street, a first floor two-bedroom flat at £450 pcm; and 148B South Street, a second and attic floor two-bedroom flat at £525 pcm. Total expected gross rent is £2,920 pcm (£35,040 per annum) with a gross yield of approximately 12.5% to 13% on full occupancy income. The subjects are situated in a prominent and established position within Perth city centre on South Street, a key thoroughfare offering a varied mix of commercial, retail, and residential properties with a combination of independent businesses and national retailers. The location benefits from close proximity to St John's Shopping Centre, the High Street, and a wide range of local amenities including shops, cafés, restaurants, convenience stores, and professional services. Perth's bus network provides connections along South Street and the central bus station nearby, while Perth Railway Station is within walking distance offering rail services across Scotland. For motorists, the city provides access to the A9 and A90/M90 road networks towards Dundee, Edinburgh, Glasgow, and beyond.