OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 4
  • Council Tax Search SAA

Description

Full Address: 16a Union Street, Larkhall , ML9 1DR

TENANTED INVESTMENT OPPORTUNITY*** Large 4 Bed flat in perfect rental location within the popular town of Larkhall. IMMEDIATE INCOME OF 6,000 PER ANNUM.

Currently LET at 500pcm (6,000 PER ANNUM). Low rent for this area. IMMEDIATE RENTAL INCOME. Perfect for buy-to-let investor looking to expand portfolio.

Comprises; Entrance hallway, living room, kitchen, w/c, four bedrooms and bathroom. GOOD SIZED ROOMS. On Street parking available.

Local Sales Evidence; 26 Burnbrae Street, Larkhall, ML9 1BY previously SOLD for 92,000 in July 2021*** 32 Tarbolton Path, Larkhall ML9 1BX previously SOLD for 98,000 in Sept 2021***

Super rental location within Larkhall offering excellent access to train station, town centre and local schooling. Excellent commuter location for Glasgow & central belt close to M74 motorway.

TENANTED INVESTMENT OPPORTUNITY*** Large 4 Bed flat in perfect rental location within the popular town of Larkhall. IMMEDIATE INCOME OF 6,000 PER ANNUM. Currently LET at 500pcm (6,000 PER ANNUM). Low rent for this area. IMMEDIATE RENTAL INCOME. Perfect for buy-to-let investor looking to expand portfolio. Comprises; Entrance hallway, living room, kitchen, four bedrooms and bathroom. GOOD SIZED ROOMS. On Street parking available. Local Sales Evidence; 26 Burnbrae Street, Larkhall, ML9 1BY previously SOLD for 92,000 in July 2021*** 32 Tarbolton Path, Larkhall ML9 1BX previously SOLD for 98,000 in Sept 2021*** Super rental location within Larkhall offering excellent access to train station, town centre and local schooling. Excellent commuter location for Glasgow & central belt close to M74 motorway.

The town of Larkhall boasts a wide and varied range of shops, bars, restaurants, banks and building societies with further facilities available in neighbouring Hamilton and Lanark. Larkhall affords access to primary, secondary and further education facilities.

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: 6,000 per year / 500 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: 500pcm

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Location

Pricing Information & Bidding

Opening Bid: £52,000

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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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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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