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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

Two Bedroom Executive City Centre Apartment built circa 2004. Prominent Kingston Quay Development in the thriving Kinning Park district to the south of the City Centre. Freehold Residential Sale.

Tenanted Property. Comprises - Entrance Hallway, Lounge with Juliette balcony, Kitchen, Two Double Bedrooms (Master En-Suite) and Bathroom. Concierge in building. Lift access to all Floors.

Recent extensive common area repairs have been actioned by the factors who have spent £2million on common areas, changing all ceilings, lighting, new carpets throughout, new décor etc

Features - Lift access to all floors. Private secure parking. Glasgow's bustling City centre and vibrant International Financial Services District (IFSD) are a short walk over the Squiggly Bridge.

Prominent Kingston Quay Development in the popular Tradeston district to the south of the City Centre. MASSIVE TENANT DEMAND. Tenanted with PRT Lease at £1,000 pcm (£12,000 per year).

MODERN TWO BEDROOM APARTMENT (4th Floor) built by BARRATT HOMES within popular Kingston Quay development. Benefits from Secure Communal Entry System and Lift Access to all floors. COMPRISES: Entrance Hallway, Lounge with Dining Room, Kitchen, Bathroom and Two Double Bedrooms (master en-suite). FEATURES: Double Glazing, Electric Heating. PRIVATE EXCLUSIVE UNDERGROUND PARKING SPACE. Externally there is access to communal gardens. Close to GLASGOW CITY CENTRE and Buchanan Wharf (Barclays Glasgow Campus) development on the banks of the River Clyde. The campus will comprise over 500,000 square feet of office space when complete, including retail and community amenities. Prominent Kingston Quay Development in the Tradeston district to the south of the City Centre. Kingston Quay is Managed by Estates Property Management (EPM). EPM have taken over the factoring of Kingston Quay as from Wednesday 1st June 2022. Phase 2 of the redecoration at KQ is taking place over the next few weeks. All ground floors in 220 and 240 buildings will be painted and new carpet tiles will be getting put down. RENTAL AGREEMENT The current rent is £1000 per month. All paid up to date. No arrears, all rent paid and up to date. Professionally managed property with Letting Agent. The subjects form part of a modern residential development, sited amongst properties of a varying age and character, within a mixed residential/ commercial area to the South of Glasgow City Centre. There are some commercial units at ground level. Local amenities an transport links are readily available. The subject block was constructed circa 2004. SALES: 220 Flat 7/5, Wallace Street, Glasgow, G5 8AL sold for £250,000 (December 2005). 220 Flat 7/7, Wallace Street, Glasgow, G5 8AL sold for £227,000 (August 2006). 220 Flat 7/11, Wallace Street, Glasgow, G5 8AL sold for £199,995 (July 2016).

Situated in the increasingly popular locale immediately south of the River Clyde approximately one mile from the City Centre with local amenities including The Quay Leisure Complex and there is access to Glasgow's fine selection of bars, restaurants and shopping facilities as well as access to the M8/M77 motorway network. The highly desirable southside entertainment hub of Shawlands is nearby with its coffee shops and bars offering a competitive student and professional tenant base. The development is very well placed on the South side of the Clyde giving easy access to Glasgow's business district, Strathclyde and Caledonian universities and local amenities including shops, bars, cafes, restaurants at Kinning Park and Clydeside.

Full Address: 220 Wallace Street, Flat 4-12, Glasgow City Centre, G5 8AU

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £12,000 per year / £1,000 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes: The current rent is £1,000 per month. All paid up to date, never had any issues with rent arrears. Lease signed May 2025.

Document Downloads

  Legal Docs (Pending)

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Pricing Information & Bidding

Opening Bid: £95,000

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 (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • 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 an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 27 November 2025, 10am-3pm
Type: Timed Online Auction

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