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Block of Flats for sale in Meigle, Blairgowrie

More details for 30 & 32 Wellmeadow, Blairgowrie - Build-to-Rent for Sale

Wellmeadow Flats - 30 & 32 Wellmeadow

Blairgowrie, PH10 6AS

Build-to-Rent for Sale
£925,000
8,432 sq ft

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Blairgowrie Build-to-Rent for Sale - Perth

Discover Blairgowrie’s evolving landscape and robust rental demand by acquiring these 10 flats in adjacent buildings at fully let, ensuring income from day one. Wellmeadow Flats is a grade ‘B’ listed property that has been remodeled and upgraded to provide contemporary living accommodations with a track record of success for the last 18 years. Currently, the portfolio brings in a combined rental of £5,145 per month. There is significant scope to increase the rents as most were set some years ago and have had limited increases since. 30 Wellmeadow comprises three 1-bed flats and two 2-bed flats, all with double glazing, central glass heating. 32 Wellmeadow has a one 3-bed, two 2-bed, and three 1-bed unit mix, all with double glazing. The flats on the first 2 levels have gas central heating, with the two attic flats having electric panel heaters. Each flat also features a bathroom, a living room, and a kitchen. Blairgowrie, Perthshire’s largest town, affords streamlined leasing efforts, and the seller has never had an issue reaching full occupancy as the town’s residents frequently upsize or downsize. In fact, approximately 16.5% of yearly consumer spending by residents within a 5-mile radius is attributed to housing costs. The broader Blairgowrie and Glens ward shows nearly 30% of residents aged 65 or over, a demographic that supports rentals by downsizing. Situated at the centre of Blairgowrie, Wellmeadow Flats is a premier place to live, whether a tenant is seeking proximity to all their essentials or enjoys the town’s lively destinations with great transit access to explore youthful cities like Perth and Dundee. The apartments are moments from the local shops and restaurants, and the town has many new amenities, including a new £36 million recreation centre and plans for more retailers to join the list in the new Westpark development. There are three primary schools and a secondary school, all within walking distance of the town centre, an attractive factor for families. Parking is free in the large council car park nearby, and the bus stop is just a few steps across the road. Blairgowrie is well served by public transport, with both Perth and Dundee easily accessible seven days a week via Stagecoach buses. Ember has also recently expanded into the area with options for travel to Dundee and Aberdeen Airport. All properties comply with the current regulations, other than some EICRs requiring to be updated, and copies of all statutory documentation can be provided to interested parties along with further financial information upon request.