BIDDING OPENS in...

Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

HIGH-YIELDING FREEHOLD INVESTMENT – Excellent opportunity to acquire an established 2 bedroom Glasgow rental property with immediate income and potential gross rental yields of UP TO 15.7%

LONG-TERM CORPORATE LEASE AGREEMENT – Currently generating £550 PCM / £6,600 PER ANNUM, providing investors with an established rental income stream from day one.

HUGE RENTAL GROWTH POTENTIAL – Estimated open-market rental income of UP TO £850 PCM / £10,200 PER ANNUM, subject to termination or variation of the existing lease and prevailing market conditions.

SPACIOUS TWO-BEDROOM PROPERTY Comprising entrance hallway, lounge, fitted kitchen, bathroom and TWO DOUBLE BEDROOMS within a well-maintained, factored residential building.

HANDS-FREE GLASGOW INVESTMENT – Popular residential location with convenient access to Glasgow City Centre. Full lettings management package available, making this an attractive BTL property.

LONG-TERM CORPORATE LEASE AGREEMENT • TENANTED INVESTMENT • IMMEDIATE RENTAL INCOME • POTENTIAL RENTAL YIELD OF 15.7% • FULLY MANAGED INVESTMENT OPPORTUNITY Future Property Auctions are delighted to present this excellent TWO BEDROOM FREEHOLD INVESTMENT PROPERTY, offering an established rental income stream from day one and exciting potential for increased future returns. Situated within a popular residential area with convenient access to Glasgow City Centre, this attractive investment opportunity forms part of a well-maintained, factored residential building. SECURE RENTAL INCOME FROM DAY ONE LONG-TERM CORPORATE LEASE AGREEMENT – CURRENT RENTAL INCOME £550 PER MONTH / £6,600 PER ANNUM. The property benefits from an established corporate letting arrangement, providing investors with an existing rental income stream without the immediate requirement to source a tenant. An excellent opportunity for investors seeking a hands-free, income-producing property with an established letting history. HUGE POTENTIAL TO INCREASE RENTAL RETURNS ESTIMATED OPEN-MARKET RENTAL POTENTIAL OF UP TO £850 PER MONTH / £10,200 PER ANNUM. Subject to the terms of the existing lease agreement and applicable legal requirements, purchasers may have the opportunity to explore alternative letting arrangements and potentially increase the rental income. POTENTIAL GROSS RENTAL YIELD OF APPROXIMATELY 14% AGAINST GUIDE PRICE, based on achieving the estimated £850 monthly rental. SPACIOUS TWO-BEDROOM ACCOMMODATION The property offers practical and well-proportioned accommodation comprising: Entrance hallway Spacious lounge Fitted kitchen Two double bedrooms Family bathroom Located within a well-maintained, factored residential building, the property offers an attractive proposition for landlords seeking an established rental investment. POPULAR GLASGOW RENTAL LOCATION Positioned within an established residential area benefiting from convenient access to Glasgow City Centre, local amenities and transport connections. The location offers potential appeal to the wider residential rental market, providing investors with opportunities for continued income generation. FULLY MANAGED INVESTMENT OPPORTUNITY FULL LETTINGS MANAGEMENT PACKAGE AVAILABLE, offering purchasers the option of a hands-free investment with professional management of the property and tenancy arrangements. An excellent addition to an existing buy-to-let portfolio or an attractive opportunity for investors entering the Glasgow rental market. PROPERTY HIGHLIGHTS FREEHOLD INVESTMENT • TWO DOUBLE BEDROOMS • LONG-TERM CORPORATE LEASE AGREEMENT • CURRENT RENT £6,600 PA • POTENTIAL RENT £10,200 PA • UP TO 14% POTENTIAL GROSS YIELD • FACTORED BUILDING • MANAGEMENT PACKAGE AVAILABLE • COMPETITIVE AUCTION GUIDE PRICE EXCELLENT ADDITION TO ANY PROPERTY PORTFOLIO A SUPERB OPPORTUNITY TO ACQUIRE AN ESTABLISHED, INCOME-PRODUCING GLASGOW PROPERTY WITH SIGNIFICANT POTENTIAL TO ENHANCE FUTURE RENTAL RETURNS.

Tenancy Details

Type of Agreement:
Length:
Rent: £6,600 per year / £550 per month
Yield: 10% (approx)
Tenant: Company
Notes: rented to mears

Maps & Location

Map   Street View   Satellite

Langbar Path is well placed for commuters providing road links to Edinburgh, Glasgow and Stirling. Glasgow town centre, only approx 2 miles, offers a full range of shopping and leisure facilities, with two mainline railway stations providing rail links to both Edinburgh and further afield. Excellent road links to the M8 motorway network. Minutes from M8 motorway and The Fort Shopping Centre - With all major retailers and Morrisons Supermarket within 5 mins. Ideal location for amenities and buy-to-let.

Document Downloads

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Pricing Information & Bidding

Opening Bid: £65,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... 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.

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Terms & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 2% of Sale Price (Minimum £3,250 + vat)

  • Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.

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    STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.

    * If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

General Terms & Conditions of Sale
Lot Specific Terms - 7Langbar Path, Flat 0-2, Glasgow






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