2 Bedroom  Flat LOT 312

7 Moorfoot Drive, Wishaw, ML2 7PW
OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 7 Moorfoot Drive, Wishaw, ML2 7PW

Two bedroom First Floor flat within the popular town of Wishaw. Currently tenanted at 425PCM (5,100 Per Annum). Turn-Key investment opportunity.

Comprises; Entrance Hallway, Two Bedrooms, Living room, Kitchen and bathroom. Opportunity for landlords to expand a BUY TO LET PORTFOLIO.

Local Sales Evidence; 3 Wishawhill Street, Wishaw, ML2 7PY (2 bed) previously SOLD for 77,000 in Jan 2021*** 75 Marshall Street, Wishaw ML2 7NR (2 bed) previously SOLD for 78,000 in Dec 2020

Ideal investment property located in POPULAR COMMUTER LOCATION. Immediate rental income of 425 per month (5,100 Per Annum).

Wishaw is a popular town near to Glasgow with all the required facilities, a broad range of shops, local markets, recreational activities, excellent golf courses & primary & secondary schooling.

Two bedroom First Floor flat within the popular town of Wishaw. Currently tenanted at 425PCM (5,100 Per Annum). Turn-Key investment opportunity. Comprises; Entrance Hallway, Two Bedrooms, Living room, Kitchen and bathroom. Opportunity for landlords to expand a BUY TO LET PORTFOLIO. Local Sales Evidence; 3 Wishawhill Street, Wishaw, ML2 7PY (2 bed) previously SOLD for 77,000 in Jan 2021*** 75 Marshall Street, Wishaw ML2 7NR (2 bed) previously SOLD for 78,000 in Dec 2020*** Ideal investment property located in POPULAR COMMUTER LOCATION. Immediate rental income of 425 per month (5,100 Per Annum). Local Sales Evidence; 3 Wishawhill Street, Wishaw, ML2 7PY (2 bed) previously SOLD for 77,000 in Jan 2021*** 75 Marshall Street, Wishaw ML2 7NR (2 bed) previously SOLD for 78,000 in Dec 2020*** Wishaw also favours commuters to both Edinburgh and Glasgow, with good transport links, including a mainline train station with connections to Glasgow Central. The immediate area provides good access to the Clyde Valley. Recreation facilities are found at Wishaw Golf Course and Wishaw Sports and Swimming Centre. The property affords access to local schooling, Wishaw General Hospital and the M8 and M74 motorway networks allow for fast and easy access to Glasgow, Edinburgh and the surrounding area.

Wishaw is a popular town near to Glasgow with all the required facilities, a broad range of shops, local markets, recreational activities, excellent golf courses and good schools at both primary and secondary levels. Wishaw also favours commuters to both Edinburgh and Glasgow, with good transport links, including a mainline train station with connections to Glasgow Central. The immediate area provides good access to the Clyde Valley. Recreation facilities are found at Wishaw Golf Course and Wishaw Sports and Swimming Centre. The property affords access to local schooling, Wishaw General Hospital and the M8 and M74 motorway networks allow for fast and easy access to Glasgow, Edinburgh and the surrounding area.

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Floorplans

7  Moorfoot Drive  Wishaw

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: 5,100 per year / 425 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £44,000

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 = 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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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