Well Presented 2 Bedroom, tenanted Investment Opportunity located near the town centre of Galashiels. Sale Due To Financial Restructuring. Property Professionally Managed.
- The property comprises: 2 Bedrooms, Large Living Room, Kitchen & Bathroom.***Long Term Tenant***Turnkey Investment with Immediate Income Stream***Great location: Excellent access to Town Centre*
- ***149 2, Dairy Mews, Scott Street, Galashiels, Selkirkshire TD1 1DU Previously sold for £125,000, 103, Scott Street, Galashiels, Sel TD1 1DU Previously sold for £85,000***
- Located Close to local amenities. There is a 24 hour Asda and Tesco Superstore only a short distance from the property. **EPC RATING E** PRoperty Benefits from Gas Central Heating and Double Glazing
- The property is served by road links including the A7 lying to the south and the A72 located to the north. The ne borders railway line provides quick and easy commuting to Edinburgh
Description:Well Presented 2 Bedroom, tenanted Investment Opportunity located near the town centre of Galashiels. The property comprsies : Main door entry from the rear into the Kitchen, Living room with dining area, 2 Bedrooms, inner hall and bathroom. The property will be sold with all white goods and furniture that is within the property. Benefits Include, Double Glazing, Gas Central heating and Back garden complete with Decking area. The property is currently tenanted at a low rent of £350 per calendar month. The property has the potential of £400 to £425 per calendar month. The property is managed by a professional letting agency. Current tenant keeps the property is great order. Excellent Opportunity for Buy-To-Let landlord to purchase an easy rental for their portfolio. ***149 2, Dairy Mews, Scott Street, Galashiels, Selkirkshire TD1 1DU Previously sold for £125,000, 103, Scott Street, Galashiels, Sel TD1 1DU Previously sold for £85,000***
The property is located on Scott Street. Shopping amenities are available locally with a Asda superstore, Tesco Superstoe along with others such as Marks and Spencers. The new borders railway line is now fully operational and Galshiels station is located on a short distance from the property. The property is served by road links including the A7 lying to the south and the A72 located to the north. Recreational pursuits are available throughout the surrounding countryside.
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Ownership & Occupation:
Freehold- Outright ownership of the property and land on which it stands.
Tenanted- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
|Type of Agreement||Short Assured Tenancy (SAT)|
|Rent||£4,200 per year / £350 per month|
|Yield||7.2% (at guide price)|
|Notes:||The property has the potential of £400 to £425 per calendar month.|
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 at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.
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You may submit an offer now on any of our live properties for the sellers 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.
Internal Open Viewings:
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime:
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
Offer Now:You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person:Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live:
If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Bid by Proxy: (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
14 June 2018
Edinburgh Marriott Hotel
111 Glasgow Road, EH12 8NF