Timed Online Auction

27 January 2022, 10am-3pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 338 Castlemilk Road, Croftfoot, Glasgow, G44 5PW

**IMMEDIATE INCOME PRODUCING INVESTMENT** Large 2 Bedroom upper cottage flat located in the extremely popular area of Croftfoot in the Southside of Glasgow. Sold with tenant in place paying 650pcm.

Main door property comprises Entrance Hallway, Lounge, Dining Room, Kitchen, Bathroom, 2 Double Bedrooms and THIRD BEDROOM IN ATTIC SPACE. Gas Central Heating, Double Glazing and enclosed garden.

PROPERTY WILL BE SOLD WITH TENANT IN PLACE- Perfect investment. Professionally managed with settled tenant. Excellent payment history and all rent up to date. 1,300 deposit held by Safe Deposit Scotland.

RECENT SALES: 577 Castlemilk Road, G44 5LY, 116,000- Sep 2021 418 Castlemilk Road, G44 5PP, 2 bed, 114,189- Oct 2021 396 Castlemilk Road, G44 5PW 2 bed, 112,300- Sep 2021

PERFECT INVESTMENT PROPERTY with settled tenant and immediate rental income of 7,800 per annum. Potential for higher rent based on current market conditions. Potential rental of 800pcm (9,600 per annum).

**IMMEDIATE INCOME PRODUCING INVESTMENT** Large 3 Bedroom upper cottage flat located in the extremely popular area of Croftfoot in the Southside of Glasgow. Sold with tenant in place paying 650pcm. Main door property comprises Entrance Hallway, Lounge, Dining Room, Kitchen, Bathroom, 2 Double Bedrooms and THIRD BEDROOM IN ATTIC SPACE. Gas Central Heating, Double Glazing and enclosed garden. PROPERTY WILL BE SOLD WITH TENANT IN PLACE- Perfect investment. Professionally managed with settled tenant. Excellent payment history and all rent up to date. 1,300 deposit held by Safe Deposit Scotland. RECENT SALES: 577 Castlemilk Road, G44 5LY,116,000- Sep 2021 418 Castlemilk Road, G44 5PP, 2 bed, 114,189- Oct 2021 396 Castlemilk Road, G44 5PW 2 bed, 112,300- Sep 2021 PERFECT INVESTMENT PROPERTY with settled tenant and immediate rental income of 7,800 per annum. Potential for higher rent based on current market conditions. Potential rental of 800pcm (9,600 per annum).

Croftfoot is ideally located in Glasgow's popular Southside, close to a number of amenities including major supermarkets, schools bus and train links. With the city centre reachable in around 10 minutes by train. M74, M8 and M77 all within 10 minutes. The subjects are located within a residential area laying to the south if Glasgow City centre where surrounding properties are similar in age and character. Adequate local shopping, educational and public transport facilities are available nearby

Show More

Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: 7,800 per year / 650 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes:

Document Downloads

HOME REPORT AVAILABLE - Download Now   LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Opening Bid: £85,000

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.

View Live Online Auction

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.

Submit Offer Now

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

View Full Auction Catalogue

Similar Properties


Lot 264
£20,000 OPENING BID
  • Ground floor ONE BEDROOM FLAT requiring refurbishment. Traditional flat within walking di...
Lot 270
£27,000 OPENING BID
  • Traditional ONE BEDROOM FLAT on the top floor of a sandstone tenement. West End high dema...
Lot 12
£37,000 OPENING BID
  • Tenanted flat in CITY CENTRE location. IMMEDIATE RENTAL INCOME OF 5,280 PER ANNUM. Excel...