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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Vacant
  • Bedrooms: 3
  • Council Tax: Search

*PRIME INVESTMENT OPPORTUNITY* 3 bed flat in Craigton Road, Ibrox. Property makes an excellent short term rental with an income of up to £2335 per month. Property has had a recent full refurbishment.

Popular residential location in Glasgow's Southside. Comprises:- Livingroom, Kitchen diner, Shower room and 3 bedrooms. High demand rental location with short term AirBnB demand locally very high

LOCAL SALES EVIDENCE; 107 Craigton Road, Glasgow G51 3RQ (3 bed) SOLD for £188,188 in July 2022*** 67, Drumoyne Circus, Glasgow G51 4DE (3 bed) SOLD for £170,167 in Jan 2023***

RENTAL POTENTIAL OF UP TO £1,500PCM (£18,000 PER ANNUM). HUGE POTENTIAL*** in excellent rental location close to Glasgow Uni, Strathclyde and Caldedonian University.

SUPER RENTAL LOCATION only 10 minutes from Glasgow City Centre with excellent links via Ibrox and Cessnock Underground Stations. Easy access to Glasgow Uni, Strathclyde and Caldedonian Universities.

*PRIME INVESTMENT OPPORTUNITY* 3 bed flat in Craigton Road, Ibrox. Property makes an excellent short term rental with an income of up to £2335 per month. Property has had a recent full refurbishment with new electrics, smart metters, Combi boiler, new heating through out, new windows, new bathroom and renovated throughout Popular residential location in Glasgow's Southside. Comprises:- Livingroom, Kitchen diner, Shower room and 3 bedrooms. High demand rental location with short term AirBnB demand locally very high. If used as a part time holiday let the property could achieve £105 per night, based on comparable on Air BNB. This would produce a jaw-dropping annual income of £26,827.5 based on a 70% occupancy, (Subject to gaining the necessary planning and information) LOCAL SALES EVIDENCE; 107 Craigton Road, Glasgow G51 3RQ (3 bed) SOLD for £188,188 in July 2022*** 67, Drumoyne Circus, Glasgow G51 4DE (3 bed) SOLD for £170,167 in Jan 2023*** RENTAL POTENTIAL OF UP TO £1,500PCM (£18,000 PER ANNUM). HUGE POTENTIAL*** in excellent rental location close to Glasgow Uni, Strathclyde and Caldedonian University. The property may have historical structural issues and may only be suitable for a cash buyer.

Craigton Road is only minutes from M8/M74 Motorway and benefits from closeness to PACIFIC QUAY which houses BBC Scotland Complex and Clyde Arc Bridge (which links the South Side with the up market West End). Award-winning shopping destinations of Silverburn and Braehead are just a short journey away. Ibrox Underground Station is useful with student and professional tenants.

Full Address: 132 Craigton Road, Ibrox, Glasgow, G51 3RH

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Pricing Information & Bidding

Opening Bid: £72,000

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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Auction Details

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

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