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Description

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

***Turnkey tenanted investment opportunity*** Currently tenanted at £325 per month / £4200 per annum which represents 11% yield at guide price***

*** The property has a main door access and additional security entry system*** Comprising lounge kitchen, bedroom and bathroom*** Located around an enclosed roof terrace with 2 other flats***

***The property is located on the upper level above commercial premises on the town's Main Street. There is an entrance to the rear and communal off street parking available,.***

***Close to all town centre amenities with easy access to transport links including Coatbridge Central railway station which gives direct link to Glasgow City Centre***

***TURNKEY INVESTMENT***11% YIELD AGAINST GUIDE PRICE*** SETTLED TENANT*** EXCELLENT LONG TERM INVESTMENT*** QUIET SECLUDED POSITION***LOW GUIDE PRICE*** NO ADS AT GUIDE PRICE***

***Turnkey tenanted investment opportunity*** Currently tenanted at £325 per month / £3900 per annum which represents 11% yield at guide price*** *** The property has a main door access and additional security entry system*** Comprising lounge kitchen, bedroom and bathroom*** Located around an enclosed roof terrace with 2 other flats*** ***The property is located on the upper level above commercial premises on the town's Main Street. There is an entrance to the rear and communal off street parking available,.*** ***Close to all town centre amenities with easy access to transport links including Coatbridge Central railway station which gives direct link to Glasgow City Centre*** ***TURNKEY INVESTMENT***11% YIELD AGAINST GUIDE PRICE*** SETTLED TENANT*** EXCELLENT LONG TERM INVESTMENT*** QUIET SECLUDED POSITION***LOW GUIDE PRICE*** NO ADS AT GUIDE PRICE***

Coatbridge Town Centre offers a range of local amenities, Primary and Secondary Schooling, train station and local bus routes with excellent links to the M8 Motorway for both Glasgow and Edinburgh City Centres. Suitable for potential nightclub, bar, restaurant, mixed residential & commercial premises subject to researching and gaining the necessary consents.

Full Address: 27A Main Street, Coatbridge, ML5 3AJ

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length:
Rent: £3,900 per year / £325 per month
Yield: 17% (approx)
Tenant: Private Individual
Notes:

Document Downloads

Home Report (Available) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £23,000

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

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