Timed Online Auction

30 July 2021, 10am-4pm

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

Description

Full Address: 31 Annette Street Flat 3-2, Glasgow, G42 8YB

READY LET INVESTMENT PROPERTY - Two Bedroom top floor flat located in the heart of the Queens park suburb in the popular Southside of Glasgow. Currently let for 550pcm (6600 per annum).

Property comprises Entrance hallway, lounge/ kitchen, 2 double bedrooms and bathroom. FACTORED BUILDING. On street parking available.

EXTREMELY POPULAR RENTAL LOCATION. Currently tenanted at 550 per month (6,600 per annum). Immediate Return on Investment.

Local Sales Evidence; 3 Westmoreland Street, Glasgow, G42 7QP SOLD in Feb 2021 for 80,000*** 94 Allison Street, Glasgow G42 8ND SOLD for 83,995 in Dec 2020***

Popular area close to Queens Park, Mount Florida and Crosshill Train Stations providing excellent commuter transport links to Glasgow City Centre within 10 minutes.

*READY LET INVESTMENT PROPERTY* 2 bedroom top floor flat located in the heart of the Queens park suburb in the popular Southside of Glasgow. Currently let for 550pcm (6600 per annum. Property comprises Entrance hallway, lounge/ kitchen, 2 double bedrooms and bathroom. FACTORED BUILDING. On street parking available. EXTREMELY POPULAR RENTAL LOCATION. Currently tenanted at 550 per month (6,600 per annum). Immediate Return on Investment. Local Sales Evidence; 3 Westmoreland Street, Glasgow, G42 7QP SOLD in Feb 2021 for 80,000*** 94 Allison Street, Glasgow G42 8ND SOLD for 83,995 in Dec 2020*** The property is positioned within walking distance of shops and amenities on Victoria Road and further afield on Pollokshaws Road/Strathbungo where where thriving coffee shops, restaurants and delicatessens can be found. More extensive amenities are available at the Morrisons store at Crossmyloof or Newlands and The Avenue shopping mall in nearby Newton Mearns. The shopping mall at Silverburn is a short drive to the West. Recreational pursuits are varied in nearby Queen's Park where nature walks/trails, all-weather football pitches and tennis courts, a Glasshouse and a fortnightly farmer's market can be found. Frequent public transport services provide rapid commuter access to the city centre. There are two local railway stations available at Crosshill and Queens Park. Govanhill is a popular area within Glasgow's Southside and offers many local amenities and leisure facilities nearby. There are convenience stores, supermarkets and high street shops nearby and Shawlands offers further shopping as well as many popular cafes, restaurants and bars. Langside Road offers easy access to the City Centre which is located approximately two and a half miles away. There are excellent bus and rail links nearby with Crosshill and Queens Park stations offering mainline rail links to Glasgow Central and the Southside. Langside Road is also ideally situated for the M8 and M74 motorway networks.

The property is positioned within walking distance of shops and amenities on Victoria Road and further afield on Pollokshaws Road/Strathbungo where where thriving coffee shops, restaurants and delicatessens can be found. More extensive amenities are available at the Morrisons store at Crossmyloof or Newlands and The Avenue shopping mall in nearby Newton Mearns. The shopping mall at Silverburn is a short drive to the West. Recreational pursuits are varied in nearby Queen's Park where nature walks/trails, all-weather football pitches and tennis courts, a Glasshouse and a fortnightly farmer's market can be found. Frequent public transport services provide rapid commuter access to the city centre. There are two local railway stations available at Crosshill and Queens Park. Govanhill is a popular area within Glasgow's Southside and offers many local amenities and leisure facilities nearby. There are convenience stores, supermarkets and high street shops nearby and Shawlands offers further shopping as well as many popular cafes, restaurants and bars. Langside Road offers easy access to the City Centre which is located approximately two and a half miles away. There are excellent bus and rail links nearby with Crosshill and Queens Park stations offering mainline rail links to Glasgow Central and the Southside. Langside Road is also ideally situated for the M8 and M74 motorway networks.

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: 6,600 per year / 550 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Lease is for 600 per calendar month, reduced to 550 per calendar month due to COVID-19.

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Location

Pricing Information & Bidding

Opening Bid: £64,000

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: 30 July 2021, 10am-4pm
Type: Timed Online Auction

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