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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

**TURN KEY INVESTMENT** Tenanted 3 bed preferred UPPER cottage flat located on a popular residential street in Cardonald. IDEAL FOR INVESTOR LANDLORD current rental income at £6360 per annum.

Comprising off hall, lounge, fitted kitchen, 3 bedrooms and bathroom. Currently tenanted at £530 pcm but rent review underway with potential uplift to £700 pcm. Easy addition to a current portfolio.

Further benefits from gas central heating, UPVC double glazing, private gardens and well presented accommodation. Some refurbishment will be required post rental.

The property is conveniently located for amenities including local shops, restaurants and public transport facilities on Paisley Road West. Close by are various nursery, primary, secondary schooling.

**COMPARABLE SALES**2 bed cottage flat Arbroath Ave sold 2023 £128,250**3 bed Baldovie Road sold 2023 £122,050**2 bed Mosspark Dr sold 2023 £132,000**4 bed 107 Trinity Ave sold 2023 £119,000**

**TURN KEY INVESTMENT** Tenanted 3 bed cottage flat located on a popular residential street in Cardonald. IDEAL FOR INVESTOR LANDLORD current rental income at £6360 per annum. Comprising off hall, lounge, fitted kitchen, 3 bedrooms and bathroom. Currently tenanted at £530 but rent review underway with potential uplift to £700 pcm. Easy addition to a current portfolio.Further benefits from gas central heating, UPVC double glazing, private gardens and well presented accommodation. Some refurbishment will be required post rental. **COMPARABLE SALES**2 bed cottage flat Arbroath Ave sold 2023 £128,250**3 bed Baldovie Road sold 2023 £122,050**2 bed Mosspark Dr sold 2023 £132,000**4 bed 107 Trinity Ave sold 2023 £119,000**

The property is conveniently located for amenities including local shops, restaurants and public transport facilities on Paisley Road West. Situated close by are various nursery, primary, secondary and further education facilities. Other local facilities include, Bellahouston Park and Sports Centre. The property is conveniently located for two major shopping centres, Braehead near Renfrew and Silverburn in Pollok. Close to Bellahouston Park and Sports Centre, the Ski Centre, Haggs Golf course and Pollok Park. It is also only a short drive to the Queen Elizabeth University Hospital, the M8 heading to Glasgow Airport and to the M77 motorway network.

Full Address: 40 Lammermoor Avenue, Cardonald Glasgow, G52 3BG

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length:
Rent: £6,360 per year / £530 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £73,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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