A £1.7m penthouse – the jewel in the crown of The Crescent by CALA Homes, a luxury development within Edinburgh’s UNESCO World Heritage Site – is now available to rent.
It is anticipated the three-bedroom apartment, which overlooks Donaldson’s School, will be available for upwards of £5k per month.
This is another significant appointment for Tay Letting’s Edinburgh operations which launched in Edinburgh last year. In just 18 months, the property investment, letting and management specialist already has more than £32 million worth of properties under management.
What’s more, the agency has invested more than £10 million in Edinburgh properties on behalf of members of its Buyers Club – a unique one-stop shop for residential investment which highlights investment opportunities, undertakes the acquisition, completes the renovation, lets and then manages the property, to deliver lucrative returns for the client.
Malcolm Pickard, Tay Letting East Director, has led the way in establishing a footprint for the company in Edinburgh. He said: “Being appointed on what could be Edinburgh’s most sought-after apartment demonstrates Tay’s growing reputation in the capital. The Crescent is an iconic development and we’re excited to market a number of these special properties.
“We don’t have aspirations of being the biggest letting agency in Edinburgh, but we do intend to be the best.
“We offer landlords a personalised service. Every landlord has my number and can call me morning, noon or night. That’s why word of mouth and Buyers’ Club investment continue to be our biggest growth drivers.”
With more than 120 properties currently under management in Edinburgh, the company has ambitions to double that number by this time next year.
Stuart Dalziel, MD of Dalziel Food Group, has been a member of Tay’s buyers’ club since its inception.
He said: “The team at Tay has invested on my behalf and have managed my property portfolio since 2015. The service they deliver is second to none and their pragmatic advice has helped me build a diverse portfolio with an excellent mix of strong yields and positive capital growth.”
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