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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

CITY CENTRE INVESTMENT*** Spacious one bedroom flat within PRIME Merchant City location.***IMMEDIATE RENTAL INCOME OF £7,140 PER ANNUM. -- RICS Home Report Valuation £175,000 (JAN 2024)

Currently LET at £595pcm (£7,140 PA) low rent for this area. Similar properties let for £1,200PCM (£14,400 PER ANNUM) PERFECT INVESTMENT PROPERTY***

Priced for fast sale.178 SALTMARKET Flat 2/2, SOLD £177,000 (3 Feb 2023) ***SALE BY ASSET MANAGEMENT COMPANY*** SALES IN vicinity £175/185,000. Occupying the most desirable location.

SUPER location, permit parking available. SALTMARKET has it all, from the serene residents courtyard and an outstanding location. This apartment in the heart of the Merchant City.

PRIME LOCATION*** Trendy Merchant City - with a huge variety of cafes, restaurants, bars, retail and entertain. spots within a short walk.

RICS Home Report Valuation £175,000 (JAN 2024) Set in a most historic quadrant the property has been in a great location, permit parking available. SALTMARKET has it all, from the serene residents courtyard and an outstanding location. This apartment in the heart of the Merchant City. Close to STRATHCLYDE UNI + INGRAM ST. Trendy Merchant City - with a huge variety of cafes, restaurants, bars, retail and entertain. spots within a short walk, tenants will enjoy every amenity Glasgow has to offer, Also handy for City Centre businesses, the Royal Infirmary as well as Strathclyde and Caledonian Universities and the City of Glasgow College. Spacious 1 Bedroom Flat in a prime Merchant City. Immediate return on investment***£595 PCM - £7,140 PA. est rent £1,000 pcm - £12,000 pa. LOUNGE, KITCHEN, SPACIOUS DOUBLE BEDROOM, BATHROOM. Priced for fast sale...178 SALTMARKET Flat 2/2, SOLD £177,000 (3 Feb 2023)... ***SALE BY ASSET MAN COMPANY*** SALES IN vicinity £175/185,000. Occupying the most desirable setting, just off Albion Street. The main living space has a contemporary feel to it with a bright spacious lounge. The kitchen is open plan with breakfast bar. Appliances included. Spacious double bedroom. The bathroom has three piece bathroom suite. Further benefits include electric heating and secure controlled entry system. RENT POTENTIAL £1,200 PCM - £14,400PA.

The location of this fabulous flat makes it particularly handy for a vast range of local amenities and transport options. Queen Street and Glasgow Central Stations are a ten-minute walk away, and there are a range of local bars and restaurants within the Merchant City itself, as well as access to all of Glasgow’s key retail shopping destinations at Buchanan Street, Buchanan Galleries, and the St Enoch Centre Shopping centre – all accessible within a five-minute stroll. Also handy for City Centre businesses, the Royal Infirmary as well as Strathclyde and Caledonian Universities and the City of Glasgow College.

Full Address: 129 Saltmarket, Flat 3-1, Merchant City, G1 5LF

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Tenancy Details

Type of Agreement: Basic Lease
Length: Rolling
Rent: £7,140 per year / £595 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes: Currently LET at £595pcm (£7,140 PA) low rent for this area.

Document Downloads

Home Report (Available) Legal Pack (Available)

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Pricing Information & Bidding

Opening Bid: £113,000

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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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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