OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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

Description

Full Address: 33 Jerviston Court, Motherwell, ML1 4BS

Two Bedroom Flat with tenant in place at 350 per month. Three train stations within 1 mile of the property (Motherwell, Holytown and Carfin). Secure door entry. Car parking. Faces onto main road.

Freehold investment opportunity within popular rental location in Motherwell. TWO BEDROOM UPPER FLOOR with RENTAL INCOME of 350 pcm (4,200 per annum) *** NEW TO MARKET - Priced to sell fast ***

FULL 2 BEDROOM PROPERTY - Comprises Entrance Hallway, Lounge, Kitchen, Shower Room and Two Bedrooms. Features double glazing and electric heating. Well-maintained common areas and off-street parking.

SALES EVIDENCE: 6 Jerviston Court, Motherwell, ML1 4BS - 36,000 (Sold Feb 2014). 32 Jerviston Court, Ashmount, Motherwell, ML1 - 30,000 (SOLD). 21 Jerviston Court, Motherwell sold for 38,000.

Amenities in the area include bus and train links, sports facilities, schooling (Dalziel High School catchment area) and recreation. The M74 and M8 provide travel links throughout the central belt.

Immediate Income Producing Investment Property. Large 2 bedroom MASIONETTE FLAT (OVER TWO LEVELS) sold with sitting tenant in place. Property currently provides a monthly rental of 350 which equates to 4,200 per annum. IDEAL ADDITION TO ANY BUY TO LET PORTFOLIO with settled tenant already in place. COMPRISES: Entrance hallway, front facing Lounge, kitchen, 2 Double Bedrooms and bathroom. Guide Price Set for Auction Sale. Popular Residential District of Motherwell, North Lanarkshire. EASY RENTAL - Excellent Potential for high yield/return. Super opportunity - Residential Investment opportunity providing quick income yield and investment return. CURRENTLY TENANTED AT 350 pcm - EXCELLENT PAYMENT HISTORY. Perfect BUY TO LET INVESTMENT PROPERTY within popular rental location. HIGH TENANT DEMAND LOCALLY as popular commuter location approx. 10 miles from Glasgow City Centre. Motherwell is a popular commuter town located on the M74 arterial Motorway route linking Glasgow to Lanarkshire and making it accessible in around 25 minutes by car.

Motherwell town centre offers a selection of pubs, cafes, restaurants, shopping facilities and leisure amenities. Motherwell is a popular town in North Lanarkshire. Located close to the M74 road network providing travel links throughout west and central Scotland via the M73 and M8. Glasgow and Cumbernauld both approx. 20 minutes travel time or Edinburgh within 50 minutes. Extremely popular rental area as close to secondary education at Taylor High School which is situated nearby and at the Brannock High School in Newarthill. Local amenities include bus and train links, sports facilities, shopping, schooling and recreation. The M74 provides travel links throughout west and central Scotland via the M73 and M8. Eurocentral and the M8 are both minutes away by car, the towns of Bellshill and Airdrie are nearby.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: 4,200 per year / 350 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: PRT (Private Residential Tenancy) agreement signed for 350 per month 4,200 per annum.

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Location

Pricing Information & Bidding

Opening Bid: £30,000

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

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