Timed Online Auction

15 January 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 1
  • Council Tax Search SAA

Description

Full Address: 145 Coplaw Street, Flat 3-2, Queens Park, Glasgow, G42 7DE

*TENANTED INVESTMENT PROPERTY* located within the popular residential area of Queens park in Glasgow's Southside. Immediate rental income of 475pcm (5,700 per annum). RICS HOME REPORT- 85,000

Third floor flat within attractive traditional sandstone tenement in the heart of Glasgow's Southside. Extremely popular rental location with constant tenant demand locally. Lounge, kitchen, Double Bedroom, and bathroom

PERFECT INVESTMENT PROPERTY with settled tenant- in place since April 2019, paying 475pcm (5,700 per annum). Tenant has excellent payment history and has indicated a willingness to stay long-term.

RECENT SALES: 41 1/2, Coplaw Street, Glasgow -135,000, Mar 2020 45 2/2, Coplaw Street, Glasgow, 136,000- Feb 2020 31 0/2, Coplaw Street, Glasgow, 136,024- May 2018 31 1/1, Coplaw Street, Glasgow, 130,000- Jan 2019

Excellent transport links to Glasgow City Centre by car (circa 10 minutes), by train (Queens Park train station is on route to Glasgow Central ( 5 minutes). Excellent bus links and local amenities.

*TENANTED INVESTMENT PROPERTY* located within the popular residential area of Queens park in Glasgow's Southside. Immediate rental income of 475pcm (5,700 per annum). Super rental return. Third floor flat within attractive traditional sandstone tenement in the heart of Glasgow's Southside. Extremely popular rental location with constant tenant demand locally. Lounge, kitchen, Double Bedroom, and bathroom. PERFECT INVESTMENT PROPERTY with settled tenant- in place since April 2019, paying 475pcm (5,700 per annum). Tenant has excellent payment history and has indicated a willingness to stay long-term. RECENT SALES: 41 1/2, Coplaw Street, Glasgow -135,000, Mar 2020 45 2/2, Coplaw Street, Glasgow, 136,000- Feb 2020 31 0/2, Coplaw Street, Glasgow, 136,024- May 2018 31 1/1, Coplaw Street, Glasgow, 130,000- Jan 2019 Excellent transport links to Glasgow City Centre by car (circa 10 minutes), by train (Queens Park train station is on route to Glasgow Central ( 5 minutes). Excellent bus links and local amenities.

central & desirable location benefiting from having excellent transport links to Glasgow City Centre by car (circa 10 minutes), by train (Queens Park train station is on route to Glasgow Central (circa 5 minutes) and via Victoria Road which is a main bus route throughout the Southside of Glasgow. Moreover, local shopping & entertainment districts including Shawlands & Silverburn are readily accessible and the highly desirable Queens Park, which plays host to monthly farmers markets and a number of other popular recreational pursuits, is on the doorstep of this property. Popular area with high tenant demand from students at Langside College, Glasgow Nautical College, Glasgow Caledonian University & employees of the New Victoria Infirmary hospital which is less than 1 mile from this property.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: 5,700 per year / 475 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes:

Document Downloads

HOME REPORT (Available) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £57,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 15 January 2021, 10am-4pm
Type: Timed Online Auction

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