Three bedroom flat.

If you’re looking for rental income from day one, then this new auction listing in Glasgow is the perfect property for you. This three bedroom ground floor cottage flat enjoys prime location in Inverleith Street, in the popular east end of Glasgow. Whilst no internal viewings are available, the accommodation is reported as comprising a lounge, three bedrooms, kitchen and bathroom over approximately 76 sq. metres. The tenant in situ is currently paying £425 per calendar month (£5,100 per annum) which equates to an immediate rental yield of 6.4% at guide price, with the potential to increase rent in line with current legislation. In addition, the guide price offers an impressive 20% discount against £100,000 home report valuation. Instant income and equity is sure to attract strong levels of investor demand as a perfect addition to a rental portfolio, so early expression of interest is essential. Council Tax Band: B ** NOTE TO PURCHASERS – this property is offered as mortgagee not in possession with no internal viewings available ** COMPS: 347 Inverleith Street, Glasgow, G32 6EG - £140,000 – October 2024

Tenure

Freehold

Area

Inverleith Street enjoys convenient location in the popular east end of Glasgow. A range of local facilities are available nearby, with larger retail and leisure options at Glasgow Fort and Forge Retail Park. Public transport links are readily available, and the location also provides easy access to the motorway network.

Local Authority

Glasgow City Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.