BID NOW AVAILABLE - The Seller May Consider an Offer Now - Submit Bid Now >>
*** BUY NOW PRICE £39,000 *** Outstanding opportunity to acquire 2 x single storey retail premises in Highly sought after Growth district of Dennistoun ***Central Location*** Re-Development Potential ***100% Prime District***
- Rarely available potentially high yielding opportunity***Estimated Rental Levels of £700pcm (£8400 per annum)***Must be Sold*** Great internal condition***Potential 16% Rental Return at Guide Price***
- 39 Aberfeldy St G/R Sold £64,147 (April 18)**43 Aberfeldy St 3/L Sold £59,995 (Dec 17)**42 Aberfeldy St 2nd Floor Sold £77k (Oct 17)**16 Aberdour St 61,266 (Sept 18)**46 Aberdour St 3/2 Sold £63,163.
- Benefits from having excellent transport links to City Centre, Universities, Hospitals & shopping centre.***Within a high profile regeneration Zone**
- This property is sure to be of interest to small builders / Developers and Investors looking for undervalued property with capital growth potential** These 2 x commercial premises could be refurbished
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Full Details:Rare Opportunity to acquire a portfolio of 2 x single storey retail premises in the highly sought after Dennistoun District of Glasgow***This fantastic portfolio offers exceptional possible potential re-development prospects***subject to obtaining all necessary planning and building permissions*** Located on 2 neighbouring pleasant streets mainly comprising of sought after traditional tenement flats these properties would be an ideal purchase for a small builder / developer as an affordable potential development project.**Moreover, with an estimated rental potential of £350pcm (£4200 per annum) per property as refurbished commercial properties these properties would be an ideal investment opportunity for small property investors looking to expand their commercial portfolios in a district that is undergoing substantial Investment***Similar properties in surrounding streets have been refurbished and look spectacular once developed***The properties would make ideal small studio apartments (subject to planning consents)..Appeals would need to be lodged as the current owners have had a planning application for residential conversion rejected.*** This is a rare opportunity and is Likely to attract strong interest**
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 Dennistoun district is a fantastic location benefiting from excellent transport links to Glasgow city centre via bus routes on Alexandra Parade and Duke Street and is well serviced by local train stations. The local district is popular with students at Glasgow Caledonian & Strathclyde Universities, The Royal Infirmary Hospital & The City Park Office Complex.
Open Viewings Scheduled...
Monday, April 22, 2019 : 11.20am -> 11.35am
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.
30 April 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...