Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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

Description

Full Address:  Portfolio of Two Tenanted Flats, Rutherglen, Glasgow, G73 5HB

Property (1) - 91A Ross Place, Rutherglen, G73 5HB. Two bed maisonette flat. Rented on PRT agreement at £475 per month. Settled tenant. Lease available on request. Tenanted since June 2020.

Property (2) - 33 Milton Terrace, Hamilton, ML3 9JP. Main door Two bed lower cottage flat. New GCH and boiler. Rented on Short Assured Tenancy (SAT) at £415.40 every 4 weeks. Tenanted since June 2016.

Residential tenanted portfolio of two flats both with settled tenants. All payments up to date. Excellent return on investment. Both properties maintained a good standard and comply with regulations.

Landlord Sale due to downsizing of portfolio. Both recognised rental areas. Combined rental income - £925 per month - £11,100 per annum. Popular districts for investors. IMMEDIATE INCOME AVAILABLE.

Ideal investment opportunity for landlord/property investor looking to build or expand portfolio. Sought after areas located close to Glasgow. EXTREMELY HIGH DEMAND RENTAL LOCATIONS within Glasgow.

Property (1) - 91A Ross Place, Rutherglen, G73 5HB. Two bed maisonette flat. Rented on PRT agreement at £475 per month. Settled tenant. Lease available on request. Tenanted since June 2020. GCH and DG. New kitchen and bathroom. All rent payments paid on time and up to date. Property (2) - 33 Milton Terrace, Hamilton, ML3 9JP. Two bed flat. Main door entry. Rented on Short Assured Tenancy at £415.40 every 4 weeks. Tenanted since June 2016. All rent payments paid on time and up to date. Comprises: Hallway, lounge, kitchen, two bedrooms and bathroom. Residential tenanted portfolio of two flats both with settled tenants. All payments up to date. Excellent return on investment. Both properties maintained to a good standard and comply with regulations for rental. Landlord sale due to downsizing of portfolio. Combined rental income - £925 per month - £11,100 per annum. Both recognised rental areas

Hamilton is situated approximately 12 miles south east of Glasgow city centre. The town has excellent transport links with the A725 providing access to Scotlandís motorway network of the M8 and M74. Hamilton also benefits from excellent primary and secondary educational facilities along with further education available at Hamilton College. Bus and rail services provide access to Glasgow city centre. Rutherglen property is in a great location for numerous amenities including ASDA/TESCO/ALDI supermarkets, Toryglen Sports Complex, Hampden Park and Rutherglen Town Hall. Ideal RENTAL INVESTMENT. Burnside, Rutherglen Main Street and East Kilbride all within minutes. Affordable and popular commuter location. Positioned close to Hampden Park and is near the highly acclaimed Clyde Gateway Regeneration Zone. Highly desirable central location in Rutherglen - Train station (5 mins walk). Popular rental location for professionals and families as affordable and ease of access to Burnside, Cambuslang, South side of Glasgow. There is a link to the M77 motorway link within minutes.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £10,685 per year / £890 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Combined rental income - £925 per month - £11,100 per annum. Copies of lease agreements available on request.

Document Downloads

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Location

Pricing Information & Bidding

Guide Price: £110,000


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: 25 June 2021, 4pm
Type: Deadline for Offers

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