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Description

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

The property is a purpose built two bedroom upper cottage flat in a two storey block of four flats originally built for the local authority. Mears Residential Investment Property with tenant in place.

RENTED AT £600 PER MONTH - Managed by Letting Agent (Let's Be Wise). The accommodation comprises of : Entrance hallway, living room, kitchen, two bedrooms and bathroom. Built circa 1950.

Local SALE: 66 Kilberry Street, Glasgow, G21 2HH sold for £119,000 (April 2023). The property is situated in an established and popular local authority residential area set in Royston, North Glasgow.

Properties are a mixture of private and local authority housing. The property is served by a mains gas supply with the meter located externally at the front. EPC Rating - Band D.

Central heating and hot water is provided by way of gas fired central heating system (Ideal logic combi C30) located in the kitchen. RICS Home Report £70,000 (Seventy Thousand Pounds Sterling).

The property is a purpose built two bedroom upper cottage flat in a two storey block of four flats originally built for the local authority. Mears Residential Investment Property with tenant in place. Perfect buy-to-let/ capital growth property. RENTAL AGREEMENT: RENTED AT £600 PER MONTH - Managed by Letting Agent (Let's Be Wise). Tenanted through Mears Housing Plc. (Mears provide and manage 17,000 homes for local and central Government and are also responsible for keeping 750,000 social housing homes in the UK in good repair). PERFECT INVESTMENT PROPERTY ideal buy to let property or investment property with similar properties within the area selling for up to £85,000 recently. The property has double glazed windows, gas central heating and on street parking. The accommodation comprises - Entrance hallway, living room, kitchen, two bedrooms and bathroom. Built circa 1950. RICS Home Report £7-,000 (Seventy Thousand Pounds Sterling). Properties are a mixture of private and local authority housing. The property is served by a mains gas supply with the meter located externally at the front. Central heating and hot water is provided by way of gas fired central heating system (Ideal logic combi C30) located in the kitchen. RICS Home Report £65,000 (Sixty Five Thousand Pounds Sterling). EPC Rating - Band D.

Royston is a north-eastern suburb of Glasgow. Robroyston's proximity to the M80 motorway permits easy access to Glasgow city centre as well as direct commuter routes to Falkirk and Stirling. The property is just over a mile from the City Centre and popular Merchant City and in walking distance to both Alexandra Park offering views to Ben Lomond from its highest point and Glasgow Green Park. A great opportunity for residential landlords looking for an affordable buy top let investment property. Great location for tenants working in the City Centre or for commuting into Edinburgh.

Full Address: 53 Kilberry Street, Glasgow, G21 2HH

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £7,200 per year / £600 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: RENTED AT £600 PER MONTH - Managed by Letting Agent (Let's Be Wise). Mears Tenanted Investment.

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Pricing Information & Bidding

Opening Bid: £45,000

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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NO PRE-AUCTION OFFERS

You must bid at the live auction for this lot. You may not submit an offer now on this property as the seller has instructed us to offer this lot at the auction room. View our guide on how to bid at the online auction for further instructions.

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: 06 February 2025, 10am-3pm
Type: Timed Online Auction

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