BIDDING OPENS in...

Description

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

SUPER INVESTMENT OPPORTUNITY*** Tenanted two bedroom ground floor flat in popular residential location within Coatbridge. Immediate rental income of £8,340 Per Annum.

Currently LET at £695pcm (£8,340 Per Annum) HIGH RENTAL DEMAND LOCATION

PRIME RENTAL LOCATION close to the town centre and all major amenities including Tesco Supermarket and 2 train stations. ***SUPER BUY-TO-LET INVESTMENT PROPERTY.

Local Sales Evidence; 55, Lomond Road, Coatbridge, Lanarkshire ML5 2JS recently SOLD for £121,500 in Sept 2024***

Coatbridge is located approximately 8 miles East of Glasgow and forms part of the Greater Glasgow area. High demand rental location with excellent links to Glasgow and Edinburgh. PERFECT INVESTMENT

SUPER INVESTMENT OPPORTUNITY*** Tenanted two bedroom ground floor flat in popular residential location within Coatbridge. Immediate rental income of £8,340 Per Annum. Currently LET at £695pcm (£8,340 Per Annum) HIGH RENTAL DEMAND LOCATION PRIME RENTAL LOCATION close to the town centre and all major amenities including Tesco Supermarket and 2 train stations. ***SUPER BUY-TO-LET INVESTMENT PROPERTY. Local Sales Evidence; 55, Lomond Road, Coatbridge, Lanarkshire ML5 2JS recently SOLD for £121,500 in Sept 2024*** Coatbridge is located approximately 8 miles East of Glasgow and forms part of the Greater Glasgow area. High demand rental location with excellent links to Glasgow and Edinburgh. PERFECT INVESTMENT

Coatbridge is and Ideal commuter location. Conveniently placed for for commuters to Glasgow and Edinburgh with train links at Blairhill train station and the M8, M73 and M74 interchanges all nearby.

Full Address: 65 Lomond Road, Coatbridge, ML5 2JS

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Map & Location

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: £8,340 per year / £695 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: £695pcm

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Pricing Information & Bidding

Opening Bid: £65,000

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 = % 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: 27 March 2025, 10am-3pm
Type: Timed Online Auction

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