Timed Online Auction

04 November 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 5
  • Council Tax Search SAA

Description

Full Address: 5H Afton Road and 30H Glenacre Road, Cumbernauld, G67 2DS

TENANTED INVESTMENT OPPORTUNITY. 2 x Investment properties in sought after buy to let locations of Cumbernauld. Currently Tenanted with a Current Rent of 325pcm AND 299 pcm totalling 624 pcm.

Ideal Buy to Let Investment Portfolio - Freehold Residential Investment with Tenants in place. Immediate Income producing investment opportunity. VENDOR OPEN TO IMMEDIATE OFFERS

Portfolio consists of a 2 bedroom flat at Afton road rented for 325 and a 3 bedroom Flat at Glenacre Road rented for 299. Gross Yield Just under 9% if achieved for Guide price.

*** 119, Glenacre Road, Cumbernauld, Glasgow, Dunbartonshire G67 2NU sold for 71,500 November 2020, 3f Afton Road, Cumbernauld, Glasgow, Dunbartonshire G67 2DS sold for 46,000 November 2018 ***

The popular town of Cumbernauld enjoys shopping and recreational facilities including various bars, restaurants, libraries, 24 hour supermarkets, country clubs, golf clubs and Broadwood Stadium

TENANTED INVESTMENT OPPORTUNITY. 2 x Investment properties in sought after buy to let locations of Cumbernauld. Currently Tenanted with a Current Rent of 325pcm AND 299 pcm totalling 624 pcm. Ideal Buy to Let Investment Portfolio - Freehold Residential Investment with Tenants in place. Immediate Income producing investment opportunity. Portfolio consists of a 2 bedroom flat at Afton road rented for 325 and a 3 bedroom Flat at Glenacre Road rented for 299. Gross Yield Just under 9% if achieved for Guide price. *** 119, Glenacre Road, Cumbernauld, Glasgow, Dunbartonshire G67 2NU sold for 71,500 November 2020, 3f Afton Road, Cumbernauld, Glasgow, Dunbartonshire G67 2DS sold for 46,000 November 2018 *** Ideal affordable Investment Opportunities. Properties are located close to Cumbernauld Town centre where there are a host of amenities. ***5d Afton Road, Cumbernauld, Glasgow, Dunbartonshire G67 2DS sold for 45,000 Augist 2017, 2h Glenacre Road, Cumbernauld, Glasgow, Dmb G67 2NY sold for 46,000 August 2019 ***

The popular town of Cumbernauld enjoys shopping and recreational facilities including various bars, restaurants, libraries, 24 hour supermarkets, country clubs, golf clubs, Broadwood Stadium and Palace Rigg Country Park.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: 7,488 per year / 624 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: PRT TENANCY AGREEMENT:Afton Road Rent is 325. Glenacre rent is 299

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Location

Pricing Information & Bidding

Opening Bid: £76,000

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: 04 November 2021, 10am-3pm
Type: Timed Online Auction

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