***1 BED FLAT***Asset Management Potential*** Refurbished traditional red sandstone tenement building***MUST BE SOLD***IDEAL FOR INVESTMENT***Market Rent: £4500 per annum (£375pcm)***Great property and opportunity***Heavily Reduced Price.
- Central location close to all amenities. Comprises Entrance Hallway, living room open plan to kitchen, Great double bedroom, Modern style fitted shower room***Ideal Opportunity***GCH & Glazing*** Fabulous Location***
- The full market rent for this property is circa £375pcm (£4500 per annum) ***Potential 13.3%+ Rental Return***the property is currently let on a short assured tenancy***Being Sold by Estate Managers***Excellent opportunity for professional investors***Currently let and all rent up to date***
- ***20 Renfield St 3/2 Sold £67k (Feb 2015)**20 Renfield St G/R Sold £62,751**19 Renfield St G/L Sold £75k**19 Renfield St 2/R Sold £50k (Same building as flat being Sold)***Heavily discounted to ensure auction sale***
- Near highly regarded schooling; Renfrew is a sought after town located close to Glasgow. Popular district for home owners & investors near to recreational centres such as the Braehead arena, The Xscape Centre & David Lloyd Fitness Centre**Easy access to Colleges, Universities & Airport creating High Tenant Demand**
|Type of Agreement||Short Assured Tenancy (SAT)|
|Rent||£3,540 per year / £295 per month|
|Yield||11.1% (at guide price)|
|Notes:||UNDER LET - Market Rent: £4500 per annum (£375pcm)***|
Description:Traditional flat located within preferred Refurbished red sandstone tenement building. This property comprises: Entrance Hallway, living room open plan to kitchen, Great double bedroom, Modern style fitted shower room.***Estimated full Rental value of £375pcm (£4500 per annum)***Strong Tenant Demand for subjects and is an ideal potential investment Opportunity***The property being sold is currently let on a short assured tenancy. The current tenant pays a rent of £295pcm. This is an excellent asset management opportunity to increase the rent and value of the property.This property is located within a popular residential district close to Town centre hosting a number of local amenities*** ---Being Sold under instruction of the estate managers--- High Tenant Demand for Property in High Amenity District**Opportunity to Purchase potentially high Income Producing, Discounted Residential Property***Likely to attract Substantial Interest From Investors***
***Excellent access to M8 Motorway, Glasgow Airport, Reid Kerr & Cardonald Colleges, Glasgow / Strathclyde & Caledonian Universities. Braehead Shopping Centre & Xscape Leisure Centre within close proximity***
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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.
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...
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...
31 July 2018
Glasgow Radisson Hotel
301 Argyle Street, G2 8DL