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Description

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

IDEAL FOR DEVELOPER. Larger style one bedroom upper flat set within traditional sandstone building ripe for redevelopment/rental market post works. Internal condition requires upgrading throughout.

Property comprises large lounge with utility area off, fitted kitchen, double bedroom, study area/large storage off hall and bathroom. Property requires comprehensive upgrading **EPC RATING E**

Further benefits from double glazing (repairs required), gas central heating and large sized rooms. Potential rental income at £450 pcm (£5400 per annum). Fantastic return on capital investment.

Located on Station Road, one of the town's main thoroughfares and a 5-minute walk from the train station. HIGH TENANT DEMAND locally. Potential Rental yield of 15% based on opening bid.

Local Sales Evidence; 137 Flat 1/1, Station Road, Shotts, ML7 4BJ previously SOLD for £39,500 in March 2021*** 153, Station Road, Shotts ML7 4BQ previously SOLD for £39,995 in June 2020***

IDEAL FOR DEVELOPER. Larger style one bedroom upper flat set within traditional sandstone building ripe for redevelopment/rental market post works. Further benefits from double glazing (repairs required), gas central heating and large sized rooms. Potential rental income at £450 pcm (£5400 per annum). Fantastic return on capital investment. Internal condition requires upgrading throughout. Located on Station Road, one of the town's main thoroughfares and a 5 minute walk from the train station. HIGH TENANT DEMAND locally. Further benefits from double glazing (repairs required), gas central heating and large sized rooms. Potential rental income at £450 pcm (£5400 per annum). Fantastic return on capital investment. Potential Rental yield of 15% based on opening bid. ROOM MEASUREMENTS - Lounge 4.5m x 4.59m; Kitchen 3.91m x 2.85m (at widest points); Bedroom 3.57m x 3.92m (at widest points); Bathroom 2.39m x 1.51m; internal study recess 2.49m x 1.05m.

Located on Station Road, one of the town's main thoroughfares and a 5-minute walk from the train station. Shotts is a small town in North Lanarkshire with a resident population of around 9.000 people. Situated between Glasgow (approx. 20 miles) and Edinburgh (approx. 30 miles) both are easily accessed via the M8 motorway. Shotts is an extremely popular rental location with commuters due to the excellent transport links to Glasgow and Edinburgh. The town itself has supermarket and small boutique shops in a semi rural location. Ideal for those who enjoy the outdoor pursuits with golf courses, cycle tracks and fishing all easily accessed close by.

Full Address: 139 Station Road, Flat 1-2, Shotts, North Lanarkshire, ML7 4BJ

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Pricing Information & Bidding

Opening Bid: £30,000

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 = 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: 20 March 2025, 10am-3pm
Type: Timed Online Auction

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