18 Branning Ct 10 Unit Apartment Building £1,100,000 (£110,000/Unit) 6.02% Net Initial Yield Kirkcaldy KY1 2PD

Rare purchase opportunity Picturesque location close to Kirkcaldy Town Centre & Promenade Excellent commuter location Mixture of 1, 2 and 3 bedroom flats Dedicated car parking to rear Income producing Current rent of £82,860 per annum; potential for rental growth
Kirkcaldy lies within the Kingdom of Fife approximately 30 miles to the north of Edinburgh and some 45 miles to the south-west of Dundee and has an estimated population of some 49,000 people.
The flats are provided across two blocks which are 3 storey and 4 storey in height with a centrally positioned pend allowing for access to the rear car park area. The buildings are of brick/block construction, rendered externally, held beneath a series of pitched and tiled roofs.
FLAT FLOOR ACCOMMODATION FLOOR AREA 18 First Hallway, Lounge, Kitchen, 2 Bedrooms 69sqm - - 742 sqft and Bathroom 19 First Hallway, Lounge, Kitchen, 3 Bedrooms 80sqm - 861 sqft (1 with En Suite Shower Room) and Bathroom 20 Second Hallway, Lounge, Kitchen, 2 Bedrooms 69sqm - 742 sqft and Bathroom 21 Second Hallway, Lounge, Kitchen, 3 Bedrooms 80sqm 861 sqft (1 with En Suite Shower Room) and Bathroom 22 Third Hallway, Lounge, Kitchen, 2 Bedrooms 69sqm - 742 sqft and Bathroom 23 Third Hallway, Lounge, Kitchen, 3 Bedrooms 80sqm - 861 sqft (1 with En Suite Shower Room) and Bathroom 24 First Hallway, Lounge, Kitchen, Bedroom 46sqm - 495 sqft and Bathroom 25 First Hallway, Lounge, Kitchen, 3 Bedrooms 65sqm - 699 sqft and Bathroom 26 Second Hallway, Lounge, Kitchen, Bedroom 46sqm - 495 sqft and Bathroom 27 Second Hallway, Lounge, Kitchen, 3 Bedrooms 65sqm 699 sqft and Bathroom
Modern residential block Full Occupancy with little void over the last 10 years Tenancy agreements dating back to 2015 Mixture of Short Assured Tenancies and Private Residential Tenancies Deposits held for all tenants Potential for rental growth Comprehensive property files/documents held on all flats Full Tenancy and property details available upon request Current rent of £82,860 per annum; potential for rental growth
The town benefits from an excellent transportation network with a railway station on the main east coastline which runs from London's Kings Cross via Edinburgh to Aberdeen. By car, the town is readily accessible via the A92 Fife regional road providing short drive times to Edinburgh, Dundee and the 'Central Belt'.
The subjects lie in Branning Court, a development of Mid Street and in near proximity to Kirkcaldy Town Centre and promenade. This is an established residential area with easy access to the town's commercial centre and local amenities.
The subjects comprise a total of 10 flats contained within a modern block with associated car parking. Several secure access doors allow entry into the block.