Timed Online Auction

23 September 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 3
  • Council Tax Search SAA

Description

Full Address: 385 Sauchiehall Street, Flat 1-1, Glasgow City Centre, G2 3HU

**PRIME CITY CENTRE APARTMENT** Modern, First Floor 3 bedroom HMO property located in the heart of Sauchiehall Street. Immediate income producing investment with rental income of 18,000 per annum.

FULLY REFURBISHED FIRST FLOOR PROPERTY with Gas Central Heating, Double Glazing and Secure Entry system. Large open plan kitchen/ lounge/ diner, modern bathroom and 3 large double bedrooms.

PEREFCT PURCHASE FOR INVESTOR with immediate income of 18,000 per annum and potential to increase rent in line with current market conditions to a realistic level of 24,000 per annum within HIGH DEMAND LOCATION

EXTREMELY HIGH YIELDING POTENTIAL FOR AIRBNB/ SHORT-TERM RENTAL. Super location with realistic potential income of over 120,000 per annum (based on 50 per bed per night and 80% annual occupancy)- conservative figures.

Excellent rental location for long-and short-term owing to excellent proximity to city centre amenities, transport links and location for Universities and colleges. 100% PRIME INVESTMENT PROPERTY

**PRIME CITY CENTRE APARTMENT** Modern, First Floor 3 bedroom HMO property located in the heart of Sauchiehall Street. Immediate income producing investment with rental income of 18,000 per annum. FULLY REFURBISHED FIRST FLOOR PROPERTY with Gas Central Heating, Double Glazing and Secure Entry system. Large open plan kitchen/ lounge/ diner, modern bathroom and 3 large double bedrooms. PEREFCT PURCHASE FOR INVESTOR with immediate income of 18,000 per annum and potential to increase rent in line with current market conditions to a realistic level of 24,000 per annum within HIGH DEMAND LOCATION. EXTREMELY HIGH YIELDING POTENTIAL FOR AIRBNB/ SHORT-TERM RENTAL. Super location with realistic potential income of over 120,000 per annum (based on 50 per bed per night and 80% annual occupancy)- conservative figures. Excellent rental location for long-and short-term owing to excellent proximity to city centre amenities, transport links and location for Universities and colleges. 100% PRIME INVESTMENT PROPERTY

Glasgow City Centre location close to STRATHCLYDE UNIVERSITY, CALEDONIAN UNI & recently redeveloped CITY OF GLASGOW COLLEGE has recently been redeveloped into an up-market residential, leisure and shopping area with a number of popular bars and restaurants serving the diverse residential population. RARE OPPORTUNITY TO BUY PRIME PROPERTY IN GLASGOW CITY CENTRE.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: 18,000 per year / 1,500 per month
Yield: 5% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £360,000

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: 23 September 2021, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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