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Description

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

OneBedroom Flat tenanted £475 per month (Managed by Letting Agency). Popular area within walking distance of amenities and public transport links. Tenant in place. All payments up to date.

Property comprises - Entrance Hallway, Lounge, Kitchen, Bedroom 1, Bathroom and Generous Storage Space throughout. PERFECT BUY-TO-LET INVESTMENT PROPERTY with immediate return on investment.

Ideal purchase for landlord looking to build/increase size of portfolio. RENTAL £475 pcm (£5,700 per annum). North Lanarkshire Council. Coatbridge has a resident population of 40,000 persons.

HIGH DEMAND RENTAL DISTRICT - LOCAL SALES: 3 Woodside Court, Coatbridge, ML5 5LE sold for £38,885 (Feb 2024). 8 Woodside Court, Coatbridge, ML5 5LE sold for £45,000 (Feb 2023).

Recommended Investment Property --- Conveniently placed for easy access to Glasgow, with the local Whifflet train station close by, and the M8, M73 and M74 interchange all located close by.

One Bedroom Flat tenanted £475 per month (Managed by Letting Agency). Popular area within walking distance of amenities and public transport links. Tenant in place. All payments up to date. Property comprises - Entrance Hallway, Lounge, Kitchen, Bedroom 1 Bathroom and Generous Storage Space throughout. PERFECT BUY-TO-LET INVESTMENT PROPERTY with immediate return on investment. HIGH DEMAND RENTAL DISTRICT - LOCAL SALES: 3 Woodside Court, Coatbridge, ML5 5LE sold for £38,885 (Feb 2024). 8 Woodside Court, Coatbridge, ML5 5LE sold for £45,000 (Feb 2023). Ideal purchase for landlord looking to build/increase size of portfolio. RENTAL £475 pcm (£5,700 per annum). North Lanarkshire Council. Coatbridge has a resident population of 40,000 persons. Ideal BUY TO LET PURCHASE with an EXCELLENT YIELD OF UP TO 21% if achieved for the guide price. Settled tenant in place.

Coatbridge is located approximately 8 miles East of Glasgow and forms part of the Greater Glasgow area. High demand rental location with excellent links to Glasgow and Edinburgh. The local road network offers access throughout North and South Lanarkshire together with ready connections to the M73 and A/M8 for Glasgow, Edinburgh and the national motorway system (M74/M80 etc). Drumpellier Country Park and its amenities are only a short distance from the property. Within the immediate area and the town of Coatbridge, there is a great choice of restaurants, bistros and pubs and for those commuting by public transport there are regular bus and train services from Coatbridge or Blairhill to the surrounding towns and cities including Glasgow and Edinburgh. The M74 motorway provides excellent access to the central belt linking the surrounding towns and cities. Sports facilities are in abundance and include golf courses, swimming pools, gyms and country parks with picturesque walks.

Full Address: 7 Torriden Court, Coatbridge, ML5 5LF

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rollng
Rent: £5,700 per year / £475 per month
Yield: 32% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Guide Price: £25,000


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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Auction Details

Date & Time: 24 October 2024, 3pm
Type: Deadline for Offers

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