Investment Opportunities at Waverley Square, Edinburgh
Waverley Square is the residential element of the New Waverley project in Edinburgh, bringing to life a prime district of the city that has been underutilised over the years. The apartments at New Waverley offer a fantastic investment opportunity for UK based and international investors.
New Waverley
The mixed-use development breathes life into a crucial part of Edinburgh’s city centre. Edinburgh council relocated their HQ to Waverley Court, East Market Street in 2007 and since then the area has been undergoing regeneration. The UK Government has now moved into 200,000 of office space within the New Waverley development where just under 30,000 employees will be based as part of the Government’s flagship hub in Scotland. Many popular cafes, restaurants and shops have also already opened up within New Waverley and surrounding streets with more to come as more residents move into the completed apartments.
Initially master planned by Artisan, there will be 244 residential apartments across 3 separate blocks, finished to a high specification by Queensberry and all enjoying fantastic levels of light and with some unbeatable views of the Edinburgh skyline. Check out the here to view a video of the Waverley Square development posted by Cruden Group.
Residential Investments at Waverley Square
The apartments at Waverley Square are a fantastic investment option. They benefit from a prime location with high tenant demand and are finished to a high specification. For investors interested in purchasing at New Waverley, there’s an apartment selector on the Waverley Square website. We can assist by providing our opinion on the best apartments to purchase from an investment point of view.
There are 66 apartments for sale within the first phase at Waverley Square with some already reserved and pricing released for the remaining released units; ranging from £385,000 to £775,000. From reviewing local comparables and from our own experience within Waverley Square, gross yields are around 4.4 – 5.0%.
Our letting agent services for landlords at New Waverley
As letting agents located a short walk from the development we can take care of everything on behalf of overseas landlords. We have extensive experience looking after Edinburgh properties on behalf of overseas landlords. We take care of all onsite requirements meaning that overseas investors can take a hands off approach knowing they’re in safe hands from key collection through to ongoing management once tenants move in, on to subsequent lettings. Click here for more information on our Edinburgh property management service.
Our experience at Waverley Square
In September 2021 we let a 1 bedroom property at Shoemaker’s Square, Waverly Square on behalf of an overseas landlord. We took an active role in the snagging inspection and follow up and we organised for the apartment to be furnished to a high specification via a trusted 3rd-party furnishing specialist before securing a tenant off-market before we even got a chance to advertise it! From the initial key handover from the developer through to a tenant moving in it took only 4 weeks. You can view our 3D tour for this property here.
Our experience at Waverley Square
If you are an investor looking for a letting agent to let and manage your apartment at Waverley Square in Edinburgh please click here to contact our business development team who would be delighted to assist.