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***1 BED FLAT*** ASSET MANAGEMENT SALE*** Refurbished traditional red sandstone tenement building. MUST BE SOLD***IDEAL FOR INVESTMENT
- Central location close to all amenities. Professionally managed common areas. Comprises Entrance Hallway, living room, Kitchen, Great double bedroom, Bathroom***Ideal Opportunity***
- This property would rent for circa £350pcm (£4200 per annum) on a Short Assured Tenancy***Potential 12.5%+ Rental Return***The property is currently let at £295pcm (substantially below the prevailing market rent)***
- ***13 Wilson St T/M Sold £62k***15 Wilson St 3/R Sold £65k***11 Wilson St Sold £73.5k***FORCED SALE BY ASSET MANAGERS***
- 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.
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||£3,540 per year / £295 per month|
|Yield||11.1% (at guide price)|
|Notes:||This property would rent for circa £350pcm (£4200 per annum) on a Short Assured Tenancy***Potential 12.5%+ Rental Return***The property is currently let at £295pcm (substantially below the prevailing market rent)***|
Full Details:Traditional flat located within professionally managed & Refurbished red sandstone tenement building. This property comprises: Entrance Hallway, living room, kitchen, Great double bedroom & Bathroom.***Potential Rental of £350pcm (£4,200 per annum)***Strong Tenant Demand for subjects and is an ideal potential investment Opportunity***This property is currently let at £295pcm which is substantially below the average for this type of property in the local area***This property is located within a popular residential district close to Town centre hosting a number of local amenities*** Discounted sale by Asset Managers SALES EVIDENCE: 15 Wilson St 2/W Sold £69k***11 Wilson St T/M Sold £60k***Opportunity to Purchase potentially high Income Producing, Discounted Residential Property***Likely to attract Substantial Interest From Investors***
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:
Excellent access to M8 Motorway, Glasgow Airport, Reid Kerr & Cardonald Colleges, Glasgow / Strathclyde & Caledonian Universities. Braehead Shopping Centre & Xscape Leisure Centre within close proximity***High Tenant Demand for Property in High Amenity District***
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...