Closing date set for residential portfolio in Livingston

May 23, 2012 - PRLog -- Ryden has announced that a closing date of 12noon Thursday 17 May has been set for a residential investment opportunity (http://www.ryden.co.uk/news/documents/ResidentialInvestmentPortfolioLivingston.pdf) in Livingston as a result of the high level of interest that has been shown.

Offers are invited for the portfolio which comprises 24 separate ex-local authority dwellings across Livingston in West Lothian. Ryden will also consider offers for smaller lot sizes.

The investment, which was owned by a local letting agency, is currently 92% occupied, producing an income of £133,860 per annum. The estimated rental income for the fully let portfolio is £147,060 per annum.

Tim Bunker, partner at Ryden said: “We have been pleased with the number of enquires that we’ve received for this portfolio, and this contributed towards our decision to set a closing date for offers. The occupied properties are let on short assured tenancies, with many of the tenants having been resident for two years or more. The portfolio therefore provides an investor with the opportunity to acquire an income-producing asset in the residential investment market.”


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Notes to Editors

Ryden is an independent commercial property firm operating a full-service practice.  Service lines include Agency & Development, Investment & Finance, Professional, Building Consultancy, Property Management and Consulting.

The firm is headed by Fiona Morton and has around 140 people, including 29 partners and 23 associates.

Ryden has offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness.  

Awards include:
•   EGi’s Most Active Agent in Scotland 2011
•   EGi’s Most Active Industrial Agent in Scotland 2011
•   EGi’s Most Active Office Agent in Scotland 2011
•   CoStar’s No.1 Edinburgh & Glasgow Office Agent by No. of Disposals 2011
•   CoStar’s No.1 Scotland Industrial Agent 2011
•   Property Week’s Industrial Agency Team of the Year (Scotland) 2009


For more information see http://www.ryden.co.uk