Description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- Bedrooms: 2
- Council Tax:
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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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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
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 = % 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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