Timed Online Auction

12 March 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 4
  • Council Tax Search SAA

Description

Full Address: 110 and 234 Dalriada Crescent, Motherwell, ML1 3XS

Portfolio of 2 TWO BEDROOM Tenanted Flats within a popular residential area of Motherwell. Currently Tenanted with a Current Rent of 300 PER MONTH AND 429 PER MONTH - Combined: 729 p/month

Ideal Buy to Let Investment Portfolio - Freehold Residential Investment with Tenants in place. Each property comprises: Hallway, Lounge, fitted kitchen, two bedrooms and bathroom. On street parking

LOCAL SALES EVIDENCE: 252 Dalriada Crescent SOLD 42,000, 248 Dalriada Crescent SOLD 48,500, 266 Dalriada Crescent SOLD 51,000. High Rental Demand area - Near to schools and amenities

Both properties Benefits from Double Glazing and Communal Gardens to the rear --- RESIDENTIAL TURN KEY INVESTMENT WALK-IN PROPERTY --- Priced for Quick Auction Sale - Settled Tenants in occupation

Close to local shops and school (Braidhurst) with ample amenities available in nearby Motherwell Town Centre within minutes. Excellent Value for Money as ideal family rental - CURRENTLY TENANTED

Portfolio of 2 TWO BEDROOM Tenanted Flats within a popular residential area of Motherwell. Currently Tenanted with a Current Rent of 729 per month on SAT Agreements. Annual Income of (8,748 per annum). Ideal Buy to Let Investment Portfolio - Turn Key Residential Investment with Tenants in place. Each property comprises: Hallway, Lounge, fitted kitchen, two bedrooms and bathroom. On street parking. LOCAL SALES EVIDENCE: 252 Dalriada Crescent SOLD 42,000, 248 Dalriada Crescent SOLD 48,500, 266 Dalriada Crescent SOLD 51,000. High Rental Demand area - Near to schools and amenities. (TENANCY DETAILS UN-VERIFIED by Auctioneers). Awaiting documentation from landlord

Glasgow and Cumbernauld approx. (25 minutes) or Edinburgh (55 minutes). Priced to sell fast. Local amenities include bus and train links, sports facilities including the newly refurbished Aquatec Centre. Close to local shops and school (Braidhurst) with ample amenities available in nearby Motherwell Town Centre within minutes. All payment sup to date and tenant wishes to remain in property. Motherwell and Bellshill train stations both within minutes *** Popular rental area with demand

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length:
Rent: 8,748 per year / 729 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Both flats are tenanted to private families at 729 per month )combined rent). Annual income is 8,748 offering a 13.5% yield return (Tenancy Details and Lease details un-verified by auctioneers)

Document Downloads

HOME REPORT (Pending) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £60,000

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).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 12 March 2021, 10am-4pm
Type: Timed Online Auction

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