FOR SALE BY ONLINE AUCTION THURSDAY 5TH OCTOBER 2023 AT 9.00AM. Rare opportunity to purchase 13 side-by-side lock ups/storage garages in Glasgow's popular Cardonald area. An amazing investment opportunity in a sought after, residential area with a potential rental income of up to £31,200 per annum. Outstanding yield of 48% at guide price.
Online Property Auctions Scotland are delighted to offer thirteen consecutive well-sized lock ups/storage garages in the sought after area of Cardonald, at a reduced price of £75,000 for all thirteen. The premises, located behind a popular local shopping parade, are 4.8m deep and range between 2 and 2.6m wide, and would make excellent storage facilities or vehicle garages. The lock ups could also be refurbished to cater for a variety of uses.
The garages (number 13 to 25) are located behind a parade of local shops within the residential district of Cardonald, Glasgow. The garages offer a rare and a high yielding opportunity. Possible rental income of up to £200pcm each, providing an excellent total yield of 48% at guide price.
Located in Glasgow's southside, Cardonald is a highly sought area and densely populated district, with a mix of housing and retail shops but with a shortage of available secure parking and storage facilities. The area boasts a huge range of amenities including schools, shops, cafes and restaurants. The area further benefits for having excellent transport links, including Cardonald train station, which provides a quick link to Glasgow city centre.
• Highly sought after, residential area
• Huge savings on individual prices!
• Potential use as car garage
• Outstanding investment opportunity
• Potential rental income of up to £200pcm each. Yield of 48% at guide price
• Rarely brought to auction
• Huge variety of amenities nearby
This is a unique opportunity seldom seen for sale in Glasgow, and selling well - out of 26 total units, 11 already sold. We expect substantial interest from nearby homeowners, shopkeepers and professional investors & developers.
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Thirteen side-by-side garages in a highly sought after, residential area
Potential rental income of up to £200pcm each. Yield of 41.6% at guide price
Huge savings on their individual listing prices!
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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