Destiny Scotland have been an excellent support to us with our first investment purchase in Scotland. This started initially prior to purchase with assistance in estimating the financial potential of the opportunity, providing furnishing proposals and implementation and dressing/readying the building for visitors. Since operations started, they have provided regular weekly updates on occupancy levels and detailed financial reporting to allow us to see projected income and occupancy over the financial year. They have been a superb partner who we would be happy recommend.
HAAZ Real Estate (Distillers House) Limited
My company made its first Serviced Apartment investment in Edinburgh during 2013 and entered into a management contract with Destiny Scotland. The level of return on this investment has exceeded our expectations and we have been very impressed by the professionalism and quality of service provided by the Destiny Scotland team. During 2016, we purchased our 2nd Serviced Apartment at Destiny’s recently launched Glassford Residence in Glasgow. We look forward to continuing our excellent relationship.
GJG Properties Limited
Edinburgh provides a robust market for the growing asset class of serviced apartments, which are now a popular choice with both corporate and leisure guests.
The seasonal nature of the leisure market in Edinburgh means that the split between leisure and corporate allocation is vital for optimising occupancy. Targeted marketing and a wealth of experience in the Edinburgh market for short-term accommodation allow us to maximise the potential returns from residential property investments.
Glasgow has seen a very healthy GVA growth over the past few years and set to continue. Kick started by the Commonwealth games in 2014 the city has enjoyed continued investment.
Glasgow used to be a primarily corporate business but now sees more of a mix of corporate and leisure guests giving a good balance to occupancy year round.
It’s this breadth of appeal that provides our landlords with the best opportunity to achieve consistently good occupancy levels and therefore higher rental returns.
On a bigger scale, many investors/developers see Edinburgh & Glasgow as a safe haven for investment at a lower entry price than London.
We’ve got a proven track record for successfully taking new serviced apartment blocks to market and can advise investors on the likely returns of a certain site.
Furthermore, we only accept management of a site where we believe there is strong demand for short-term letting.
With this in mind, we would strongly advise investors to open discussions with us prior to any investment in this niche sector of the Edinburgh property market.