OPENING BID

Timed Online Auction

21 October 2021, 10am-3pm

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

Description

Full Address: 58 Jamaica Street, Glasgow, G1 4QG

***EXCELLENT INVESTMENT OPPORTUNITY *** Affordable Property located in the city centre that is sure to appeal to Investors looking for an easy investment generating Immediate Income of £6,760 pa

Property benefits from a private residents' gym, a games room and an entertainment room along with numerous communal areas where students can socialise with other like-minded residents.

Immediate Income Producing Investment currently le at £130 per week. This provides a gross annual income of £6,760 which generates a gross rental yield of over 11% if achieved for Opening bid price.

PRIME CITY CENTRE INVESTMENT OPPORTUNITY PROVIDING AN ATTRACTIVE YIELD. *** Early Offers considered. ***

Located in the heart of Glasgow, Central House is true to its name, offering great transport links, city centre living and close proximity to all three universities Glasgow, Caledonian & Strathclyde

***EXCELLENT INVESTMENT OPPORTUNITY *** Affordable Property located in the city centre that is sure to appeal to Investors looking for an easy investment generating Immediate Income of £6,760 pa Property comprises: Study space complete with a desk and chair, furniture, ample storage space, a fully-fitted kitchenette and separate en-suite bathroom. Immediate Income Producing Investment currently le at £130 per week. This provides a gross annual income of £6,760 which generates a gross rental yield of 9% if achieved for Guide price. Property benefits from a private residents' gym, a games room and an entertainment room along with numerous communal areas where students can socialise with other like-minded residents. Well placed for a wide range of amenities & excellent retail shopping facilities. Ideally located. Next to Central station with excellent transport links throughout the country***Expected Likely capital growth due to Massive City Centre Investment Programmes

The property is well located for Glasgow's amenities within the city centre including transport links which are available by bus and rail and there is also a subway link taking the commuter to Glasgow's West End and parts of South Side. The M8 motorway network is within minutes with connections at Charing X offering direct and quick access to Stirling, Edinburgh, Ayr and throughout the central belt *** Glasgow is Scotlandís Largest City With an Urban metro population of circa 2.85m people & is regarded as Scotlandís economic powerhouse. World Renowned Glasgow City Centre within the Glasgow International Financial Services District.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £6,760 per year / £563 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Property is currently let at £130 pw and the tenant has been in situ since June 2021.

Document Downloads

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Location

Pricing Information & Bidding

Opening Bid: £48,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. 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: 21 October 2021, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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