Lot 4a

Guide Price: £55,000 - Bid Now

8 Cartside Street Flat 1-2, Glasgow, G42 9TF


Key Features:

Tenanted 1 Bedroom Traditional Tenement Flat located within the popular Southside area of Battlefield in Glasgow - IDEAL Buy to Let property *** LOCAL SALES COMPARABLE in the region of £75,000+ ***


  • SALES EVIDENCE: Flat 2/2 19 Cartside Street SOLD £75,500, Flat 2/2 19 Cartside Street SOLD £75,500, Flat 2/2 44 Cartside Street SOLD £75,000, Flat 3/1 19 Cartside Street SOLD £82,000, Flat G/L 19 Cartside Street SOLD £95,100
  • Property Benefits from Secure Close Entry System, Well Maintained Communal Close, Ample Storage and Communal Drying Area/Gardens to the Rear
  • Rental Potential Circa £450 per Month (£5,400 per Annum) - Boasting an Attractive Rental Yield of 10% Based on a Sale at Guide Price - EPC Rating D - Current rental income £300 per calendar month (£3600 per annum) from long term tenant 10 years+
  • Well Located within the Popular Residential Area of Battlefield within Glasgows' Ever Popular Southside for Access to All Local Amenities with Excellent Transport Links to Glasgow City Centre

Tenancy Details:


Type of Agreement Informal Arrangement
Length Month to month
Rent £3,600 per year / £300 per month
Yield 6.5% (at guide price)
Tenant Private Individual
Notes:

Description:

Well proportioned 1 bedroom traditional tenement flat located within Battlefield within Glasgows' ever popular Southside. Accommodation comprises: Reception Hallway, lounge/kitchen, bedroom and bathroom. The property further benefits from Secure Close Entry System, Well Maintained Communal Close, Ample Storage and Communal Drying Area/Gardens to the Rear. SALES EVIDENCE: Flat 2/2 19 Cartside Street SOLD £75,500, Flat 2/2 19 Cartside Street SOLD £75,500, Flat 1/1 13 Cartside Street SOLD £75,000, Flat 3/1 19 Cartside Street SOLD £82,000, Flat G/L 19 Cartside Street SOLD £95,100. Rental Potential Circa £450 per Month (£5,400 per Annum) - Boasting an Attractive Rental Yield of 10% Based on a Sale at Guide Price - EPC Rating D - Current rental income £300 per calendar month (£3600 per annum) from long term tenant 10 years+

Location:


Highly desired location close to all public transport links with Mount Florida train station nearby with Shawlands with its diverse bars, restaurants and shopping facilities & newly built Glasgow Victoria Infirmary nearby; much demand from doctors/healthcare professionals in the area. Silverburn Shopping Complex, Glasgow Airport and Glasgow City Centre all easily accessible. Popular rental area with Langside College, Glasgow College of Nautical Studies, Strathclyde University all easy commuting distance. Wide range of period features retained in sandstone building.

Council Tax:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.

Guide Price: £55,000 - Bid Now


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.

Bid Now Explained:


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...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

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...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    31 July 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.