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Guide Price
£72,000


SUBMIT OFFERS BY

09 May 2024, 3pm

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Description

  • Status: Available
  • Type: House
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 3
  • Council Tax: Search

EXCELLENT IVESTMENT PROPERTY. LARGE 3 bedroom tenanted mid terrace villa located within the heart of Coatbridge. IMMEDIATE RENTAL INCOME OF £7,200 PER ANNUM

Currently tenanted at £600pcm (£7,200 Per Annum). Long term tenants have been in situ since 2007.

PERFECT BUY-TO-LET INVESTMENT PROPERTY with immediate return on investment.

Local Sales Evidence; 3 Thornkip Place, Coatbridge, ML5 4JL (3 bed) previously SOLD for £155,000 in Feb 2023*** 4 Glen Luss Place, Coatbridge, ML5 4HD (3 bed) previously SOLD for £130,000 in Jan 2022

Popular commuter town of Coatbridge is located approximately 10 miles from Glasgow & lies within the North Lanarkshire Council jurisdiction. Coatbridge has a resident population of 40,000 persons

EXCELLENT IVESTMENT PROPERTY. LARGE 3 bedroom tenanted mid terrace villa located within the heart of Coatbridge. IMMEDIATE RENTAL INCOME OF £7,200 PER ANNUM . Currently tenanted at £600pcm (£7,200 Per Annum). Long term tenants have been in situ since 2007. PERFECT BUY-TO-LET INVESTMENT PROPERTY with immediate return on investment. All necessary safety certificates are up to date including: • Gas Safety Certificate • EICR electrical certificate • Legionella • Energy Performance Report Local Sales Evidence; 3 Thornkip Place, Coatbridge, ML5 4JL (3 bed) previously SOLD for £155,000 in Feb 2023*** 4 Glen Luss Place, Coatbridge, ML5 4HD (3 bed) previously SOLD for £130,000 in Jan 2022 Popular commuter town of Coatbridge is located approximately 10 miles from Glasgow & lies within the North Lanarkshire Council jurisdiction. Coatbridge has a resident population of 40,000 persons

Coatbridge is located approximately 8 miles East of Glasgow and forms part of the Greater Glasgow area. High demand rental location with excellent links to Glasgow and Edinburgh. PERFECT INVESTMENT The local road network offers access throughout North and South Lanarkshire together with ready connections to the M73 and A/M8 for Glasgow, Edinburgh and the national motorway system (M74/M80 etc)

Full Address: 83 Southfield Crescent, Coatbridge, ML5 4QY

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: £7,200 per year / £600 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: increasing to £650pcm in August 2024

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Pricing Information & Bidding

Guide Price: £72,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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 = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 09 May 2024, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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