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Description

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

REQUIRING REFURBISHED 2 bedroom upper floor flat located within extremely popular residential location in the Springburn area of Glasgow. POTENTIAL FOR CAPITAL GROWTH AFTER REFURBISHMENT

EASY TO LET PROPERTY with realistic rental potential of £600pcm (£7,200 per annum) in HIGH DEMAND RENTAL LOCATION. Formerly tenanted - no warranties given for current income or condition.

It is understood that the property requires some upgrading with minor fire damage in one room. Comprising hall, lounge, kitchen, 2 beds and bathroom. Double glazing and well maintained communal areas.

Close to Springburn town centre and approximately 15 minutes by car from Glasgow City centre. Local amenities and business mean HIGH TENANT DEMAND and likelihood of rental post refurb very high.

**COMPARABLE SALES**5 1/2 Ashvale Crescent sold £73,825- Jan 2021**2 bed Memel Street sold 2024 £65,000**2 bed Carron Place sold 2020 £75,500**2 bed 6 Ratho Drive sold 2022 £68,000**

REQUIRING REFURBISHED 2 bedroom upper floor flat located within extremely popular residential location in the Springburn area of Glasgow. POTENTIAL FOR CAPITAL GROWTH AFTER REFURBISHMENT. EASY TO LET PROPERTY with realistic rental potential of £600pcm (£7,200 per annum) in HIGH DEMAND RENTAL LOCATION. Formerly tenanted - no warranties given for current income or condition. It is understood that the property requires some upgrading with minor fire damage in one room. Comprising hall, lounge, kitchen, 2 beds and bathroom. Double glazing and well maintained communal areas. Close to Springburn town centre and approximately 15 minutes by car from Glasgow City centre. Local amenities and business mean HIGH TENANT DEMAND and likelihood of rental post refurb very high. **COMPARABLE SALES**5 1/2 Ashvale Crescent sold £73,825- Jan 2021**2 bed Memel Street sold 2024 £65,000**2 bed Carron Place sold 2020 £75,500**2 bed 6 Ratho Drive sold 2022 £68,000**

Springburn Park is within close distance to this property as are excellent transport links to Glasgow City Centre. Glasgow Caledonian University & Strathclyde University can be readily accessed from the property. There is schooling both at Primary and Secondary levels within the area. Local amenities include public swimming pool and leisure centre, library, recreational park and much more. Shopping can be found at Tesco Superstore at St Rollox Retail Park. Popular rental location with high tenant demand. Glasgow City centre can be reached by car/bus on the A803 within approximately 15 minutes. Public transport is close by on Hawthorn Street.

Full Address: 2 Memel Street, Flat 1-2, Springburn, Glasgow, G21 1LL

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Pricing Information & Bidding

Opening Bid: £34,000

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

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