Deadline for Offers

28 October 2021, 3pm

Bidding Closes in

Submit Offer Now
  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 4
  • Council Tax Search SAA

Description

Full Address: 110 and 234 Dalriada Crescent, Motherwell, ML1 3XS

Portfolio of 2 TWO BEDROOM Tenanted Flats within a popular residential area of Motherwell. Currently Tenanted with a Current Rent of 300 PER MONTH AND 429 PER MONTH - Combined: 729 p/month

Ideal Buy to Let Investment Portfolio - Freehold Residential Investment with Tenants in place. Each property comprises: Hallway, Lounge, fitted kitchen, two bedrooms and bathroom. On street parking

LOCAL SALES EVIDENCE: 252 Dalriada Crescent SOLD 42,000, 248 Dalriada Crescent SOLD 48,500, 266 Dalriada Crescent SOLD 51,000. High Rental Demand area - Near to schools and amenities

Both properties Benefits from Double Glazing and Communal Gardens to the rear --- RESIDENTIAL TURN KEY INVESTMENT WALK-IN PROPERTY --- Priced for Quick Auction Sale - Settled Tenants in occupation

Close to local shops and school (Braidhurst) with ample amenities available in nearby Motherwell Town Centre within minutes. Excellent Value for Money as ideal family rental - CURRENTLY TENANTED

Portfolio of 2 TWO BEDROOM Tenanted Flats within a popular residential area of Motherwell. Currently Tenanted with a Current Rent of 729 per month on SAT Agreements. Annual Income of (8,748 per annum). Ideal Buy to Let Investment Portfolio - Turn Key Residential Investment with Tenants in place. Each property comprises: Hallway, Lounge, fitted kitchen, two bedrooms and bathroom. On street parking. LOCAL SALES EVIDENCE: 252 Dalriada Crescent SOLD 42,000, 248 Dalriada Crescent SOLD 48,500, 266 Dalriada Crescent SOLD 51,000. High Rental Demand area - Near to schools and amenities. (TENANCY DETAILS UN-VERIFIED by Auctioneers). Awaiting documentation from landlord

Glasgow and Cumbernauld approx. (25 minutes) or Edinburgh (55 minutes). Priced to sell fast. Local amenities include bus and train links, sports facilities including the newly refurbished Aquatec Centre. Close to local shops and school (Braidhurst) with ample amenities available in nearby Motherwell Town Centre within minutes. All payment sup to date and tenant wishes to remain in property. Motherwell and Bellshill train stations both within minutes *** Popular rental area with demand

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length:
Rent: 8,748 per year / 729 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Both flats are tenanted to private families at 729 per month )combined rent). Annual income is 8,748 offering a 13.5% yield return (Tenancy Details and Lease details un-verified by auctioneers)

Document Downloads

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Location

Pricing Information & Bidding

Guide Price: £80,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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 = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 28 October 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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