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Guide Price
£81,000


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23 May 2024, 3pm

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Description

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

Two Bedroom second floor flat with balcony in a purpose built residential building *** Property being sold with tenant in situ (PRT Tenancy )*** Fabulous central location*** NEW TO MARKET.

COMPRISES: Hallway, Two Bedrooms, Lounge, Galley Kitchen, Balcony. Electric central heating. Super pocket beside Holyrood Secondary School/Crosshill Train Station/8 minutes to Glasgow City Centre.

Rented out rent £595 pcm (low rent due to rent freeze rent) to go up in July 2024 to £750 pcm. Managed by professional south side Glasgow letting agent. HIGH DEMAND RENTAL DISTRICT - NEW ENTRY.

The property benefits from having transport links throughout the city and highly sought after area close to Glasgow Clyde College (Langside Campus), Queens Park and Mount Florida train stations.

Great opportunity for an investor to acquire an affordable property in a popular location with excellent asset management potential*** Very Low Rent of £595pcm (RENT TO INCREASE IN JULY 2024).

Two Bedroom second floor flat with balcony in a purpose built residential building *** Property being sold with tenant in situ (PRT Tenancy )*** Fabulous central location. NEW TO MARKET. The accommodation on offer comprises: Entrance hallway, kitchen, living room with balcony, two bedrooms and bathroom. HISTORIC SALES - 104 Myrtle Park 0/1 WAS SOLD £112,250. 102 Myrtle Park Flat 1/1 WAS SOLD £105,000. Ideal investment purchase in walk in condition would provide a fantastic investment property. Set within one of the South-side's most up and coming locations. The rooms are all a good size and there is lots of storage as well as a large external store on the stairwell which goes with the flat. External Viewings Anytime: You may view this property externally at any time. Please make sure as the property is tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions. Tenure - Freehold Council Tax - Band B SALES COMPARABLES: 7 Myrtle Place, Flat 0-2, Glasgow, G42 8UL sold for £132,000 (March 2023). 14 Myrtle Place, Flat 0-2, Glasgow, G42 8UN sold for £110,000 (July 2023).

Mount Florida has an impressive number of local amenities and transport links. These include independent shops, art studio and popular restaurants and eateries including the likes of Café Salmagundi, Bucks Bar and Hooked. As well as frequent bus and rail services, Mount Florida is extremely well placed for commuting access to the M77 and M8. The beautiful Queens Park is nearby, which hosts a number of community events throughout the year and has a tennis club, glasshouses and extensive views across the city and beyond.

Full Address: 27 Myrtle Place, Flat 2-2, Glasgow, G42 8UJ

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Tenancy Details

Type of Agreement:
Length: Annual
Rent: £7,140 per year / £595 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Rented out rent £595 pcm (low rent due to rent freeze rent) to go up in July 2024 to £750 pcm.

Document Downloads

Home Report (Available) Legal Pack (Available)

Pricing Information & Bidding

Guide Price: £81,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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: 23 May 2024, 3pm
Type: Deadline for Offers

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