Savills | 1- 8 St. Leonard's Court, St. Leonard's Bank, Perth, Perth and Kinross, PH2 8EA | Properties for sale
7,120 sq ft(661.47 sq m)
Offers over £775,000

1- 8 St. Leonard's CourtSt. Leonard's Bank, Perth, Perth and Kinross, PH2 8EA

  • Sold

Key features

  • 8, 2-bed modern apartments within a 4 storey block
  • Currently producing £57,780 per annum under SAT's
  • Situated on a quiet cul-de-sac close to Perth city centre
  • Located South East of Perth City Centre

Residential Investment Opportunity whole flatted block in Perth City Centre

About this property

  • The property at St Leonard’s Court comprises the whole of a modern block of 8 similar apartments, completed around 15 years ago, arranged over ground and three upper floors. Each apartment comprises two double bedrooms, lounge, kitchen, bathroom and hallway. The properties benefit from double glazing, gas central heating, secure entry system, well maintained garden / communal areas and private parking. A Valuation Report for the properties at St Leonard’s Court was prepared in accordance with the RICS Valuation Professional Standards 2014 and International Valuation Standards in May 2017. Copies of this report are available to interested parties. The report notes a valuation of £150,000 per apartment and a total Market Value of £1,200,000. For the avoidance of doubt the Market Value in respect of the residential properties represents the total or aggregate Market Value of each property which has been valued individually and does not account for any portfolio considerations.

Local information

  • St Leonard’s Court apartment block is located within Perth, around half a mile south east of the city centre, on the periphery of the Craigie area. Perth is located in central Scotland, approx. 22 miles west of Dundee, 44 miles north of Edinburgh and 62 miles north east of Glasgow. The city has a population of around 47,000 (2011 Census) and is the administrative centre for Perth & Kinross local authority area.
  • Perth is a regional hub for employment, services and retailing.
  • The subjects are positioned on the east side of St Leonard’s Bank, a quiet cul-de-sac along which are established residential properties. The building occupies an elevated position with the apartments enjoying views over South Inch Park. Private car parking and shared amenity garden space is available.
  • The property has good access to a range of local amenities. It is positioned approx. 0.6 miles south west of the main High Street / St John’s Shopping Centre which both host a range of high street and local retailers. Three supermarkets (Lidl,
  • Aldi and Morrisons) are approx. 0.6 miles north west of the subjects while St. Catherine’s Retail Park (TK Maxx, B&Q, Currys / PC World) is around 0.8 miles north west. To the east of the property is the approx. 31 ha South Inch Park.
  • St. Leonard’s Court has good transport links with Perth railway station approx. 0.3 miles away. A number of bus routes run along nearby St Leonard’s Bridge and King’s Place, which connect to locations across the city.

Additional information

  • The average approximate size of each property is around 83sq m / 890 sq ft although parties should undertake their own measurements for accuracy.
  • The residential units are fully let on short assured tenancies (SAT’s) with a total passing rent of £4,815 pcm (£57,780 pa), at an average rent of £602 pcm per property.