Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 1
  • Council Tax Search SAA

Description

Full Address: 151 Fernbank Street, Flat 0-1, Springburn, Glasgow, G21 1LP

Tenanted ONE BEDROOM FLAT close to the CITY CENTRE, Springburn Winter Gardens and Eastfield Park. Currently tenanted on PRT agreement. Solid tenant base locally as affordable rental district.

COMPRISES: Entrance hallway, Lounge, kitchen (5 metres x 3.3 metres). Double Bedroom (4.2 metres x 2.2 metres). Bathroom. All rooms have views to the front and double glazing. NEW TO MARKET.

Traditional red sandstone second floor tenement flat in sought after Springburn district of Glasgow. Communal gardens and drying green to the rear. Parking on street to the front of the building.

Rental 410 per month - 4,920 annum. SALE: 415 Fernbank Street sold at 70,255 (1 bedroom). Central heating system installed with gas boiler and radiators all connected and working.

The area is well served by public transport with regular bus services on Hawthorn Street going to and from the city centre. Ashfield Station is within walking distance.

Tenanted ONE BEDROOM FLAT close to the CITY CENTRE, Springburn Winter Gardens and Eastfield Park. Currently tenanted on PRT agreement. Solid tenant base locally as affordable rental district. This property would provide an excellent rental investment at a substantial discount with great Capital Growth Potential. Ideal addition to a landlord portfolio. COMPRISES: Entrance hallway, Lounge, kitchen (5 metres x 3.3 metres). Double Bedroom (4.2 metres x 2.2 metres). Bathroom. All rooms have views to the front and double glazing. NEW TO MARKET. Rental 410 per month - 4,920 annum. SALE: 415 Fernbank Street sold at 70,255 (1 bedroom). Central heating system installed with gas boiler and radiators all connected and working. Competitively priced for fast sale.

Located within 10-15 minutes to Glasgow City Centre. Springburn Shopping Centre and Tesco supermarkets are both within minutes. Quiet side street, just off Hawthorn Road within walking distance to Springburn Academy and Glasgow city centre where there are a wide array of high street designer shops and restaurants. There are also a variety of local amenities and supermarkets nearby for general day-to-day requirements. The property is located close to and is convenient for access to The Glasgow Fort, Edinburgh Road, Ashfield railway station (connections to Glasgow Central), various retail parks and Glasgow Tigers Speedway. Regular bus links are available allowing for easy and quick access to all surrounding areas and directly into the city centre. Conveniently located for access to the M8 and M74 motorway network offering travel to the East and West. The property is ideal for people working in or around the city centre or to the north of Glasgow as there are daily public transportation routes and motorways allowing for easy. Tesco superstore is circa 7 minutes walk and the local leisure centre is also within walking distance. Popular professional location whilst also proving in demand with students due to proximity to university and colleges.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: 4,920 per year / 410 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Rental 410 per month - 4,920 annum. Private Residential Tenancy (PRT)

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Location

Pricing Information & Bidding

Guide Price: £45,000


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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