FINAL DEADLINE FOR OFFERS - Friday 21st December 2018 at 5pm. Submit an offer now >>
***Investment Opportunity ***Large 1 bedroom traditional redsandstone tenement flat in popular rental district in Glasgow’s Southside.**The property comprises: Large Double bedroom, bay winow lounge.
- This property has an estimated rent of £495pcm (£5940 per annum)***ASSET MANAGEMENT SALE INSTRUCTION*** Professionally managed building.***Ideal for Investors ***Near to Pacific Quay media Park.
- ***Previous Sales: 29 Elizabeth Street 1/M Sold £62k (Oct 18)***11 Elizabeth St 1/2 Sold £83,450 (2018), 27 Elizabeth Street G/R Sold 70k (2017)***Heavily reduced Guide Price***Near new Developments**
- The district plays host to a number of local amenities including BBC Headquarters and benefits from having outstanding transport links via M8 & M77 motorways, bus routes and subway stations.
- *** For Sale by order of Asset Managers***The property is currently let for £400pcm**The market rent for similar sized properties is £495pcm*** Excellent opportunity to increase yield and value.
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||Private Residential Tenancy (PRT)|
|Rent||£4,800 per year / £400 per month|
|Yield||10.2% (at guide price)|
|Notes:||The property is currently let for £400pcm**The market rent for similar sized properties is £495pcm*** Excellent opportunity to increase yield and value.|
Full Details:Fabulous 1 Bedroom flat in traditional red sandstone tenement building. The property is located on the preferred 1st floor and benefits from having Double Glazing*** Currently let at £400pcm to a long standing tenant****The Full Market Rent for similar sized properties is £495pcm***The Property comprises: Large Double bedroom, bay windowed living room, separate kitchen & bathroom**Located within a professionally managed Building*** The property is situated in a popular rental location, benefiting from having excellent transport links throughout Glasgow via subway, motorway and bus routes.
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 at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Bid Now Explained...You may submit an offer now on this property for the owner 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.
Map & Location:
The area is centrally located to take advantage of a number of amenities including: The Pacific Quay Development, BBC Buildings, Supermarkets, Local Library, Bellahouston Sports Centre and The Springfield Quay Entertainment Complex. The M8 & M77 motorways are readily available providing access to Glasgow City Centre, The West End, Both Prestwick & Glasgow International Airports and across Scotland. The Clyde Arc Bridge links the Southside to The West End of Glasgow providing additional transport links to the University of Glasgow and increases appeal of the district to students, key workers and young professionals. Moreover, The Southern General Hospital is within close proximity to this flat. A Number of Landmark Glasgow Attractions are Also Sited Nearby Including The World Famous Pollok Park & The Charles Rennie Mackintosh Designed ‘House for an Art Lover’ and the River Clyde Walkway.***Rarely Available Large Flat in popular Location***
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.
04 February 2019
Glasgow Radisson Hotel
301 Argyle Street, G2 8DL
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.
How To Bid:
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...
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...