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: 219 Tollcross Road, Flat 3-1, Glasgow, G31 4UN

Tenanted One Bedroom Top Floor Flat situated within the popular East end district of Tollcross. Currently tenanted on SAT agreement with Income of £4,320 per annum (tenancy agreement available).

Security entry. COMPRISES: Lounge, Kitchen, Double Bedroom and Bathroom with toilet. Features: Gas central heating, Communal gardens. On-street parking. Superb rental area. Corporate Sale.

Let to Mears Limited on a monthly rental agreement. Income is £360 per month - £4,320 p/a. House Price Growth in recent years due to affordability and ease of access to amenities and transport links.

Sales Evidence; 682 Tollcross Road, Glasgow, G32 8TB previously SOLD for £68,500 in March 2020*** 580 Tollcross Road, Glasgow, G32 8TE previously SOLD for £72,000 in September 2020***

***217 Tollcross Rd 1/R Sold £68k***35 Tollcross Road 1/1 Sold £65k*** Located close to train stations and bus routes. Popular district close to Alexandra Park. Buy to Let Investment Property.

Tenanted ONE BEDROOM TOP FLOOR FLAT situated within the popular Tollcross area of Glasgow. Traditional ONE Bedroom Flat in attractive red sandstone building RENTAL: Let to Mears Limited on a monthly rental agreement. Income is £360 per calendar month circa £4,320 p.annum. PROFESSIONAL LET. LOCAL AREA: House Price Growth in recent years due to affordability and ease of access to amenities and transport links. Within walking distance to train links at Carntyne and Shettleston offering regular access to Glasgow City Centre in under 15 minutes. This property is located within one of Glasgow’s RENTAL HOT SPOTS. PROFESSIONAL COMPANY LET (Mears Limited of Innova House, Kinetic Crescent, Enfield, London, EN3 7XH). This would be an ideal opportunity for a variety of purchasers and residential buy to let investors. LOCAL SALES: 682 Tollcross Road, Glasgow, G32 8TB previously SOLD for £68,500 in March 2020. 580 Tollcross Road, Glasgow, G32 8TE previously SOLD for £72,000 in September 2020. The property is in an area that is well serviced by travelling facilities including the M74 motorway providing easy access to the M77 and M8. Established rail links from both Duke Street and Alexandra Parade as well as an excellent bus service joining the area with the City Centre and surrounding districts.

Tollcross Road is a prime location in the east end of Glasgow with basically everything on your doorstep. These include many bars, shops, restaurants and supermarkets. The Forge Shopping Centre is also close at hand and Tollcross Park is only a short walk from you where you can enjoy leisurely walks and the beautifully landscaped gardens. Schooling is available locally at all levels and you have a regular bus service a few yards away taking you directly to the city centre and throughout the central belt. The M74 motorway link is close-by and provides great access to the M8 taking you to Glasgow city centre and beyond.

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Floorplans

219  Tollcross Road, Flat 3-1  Glasgow

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Tenancy Details

Type of Agreement: Basic Lease
Length: Annual
Rent: £4,320 per year / £360 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Currently Tenanted at £360 PCM (£4,320 Per Annum) giving over 10% YIELD at current guide price. Perfect investment property for landlord looking to build/increase size of portfolio.

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Location

Pricing Information & Bidding

Opening Bid: £27,000

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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

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