3/2, 299 Springburn Way, Glasgow, G21 1JX

  • Unconditional Online Auction Sale
  • Guide Price* : £45,000

SALE BY ONLINE AUCTION THURSDAY 8TH APRIL 2021. Rarely available Buy-to-Let opportunity in the North of Glasgow. One bedroom tenanted flat - existing rental income of £425 per month (£5,100 per annum). Gross rental yield of 11%+ if purchased at Guide Price.

Description

SALE BY ONLINE AUCTION THURSDAY 8TH APRIL 2021. Rarely available Buy-to-Let opportunity in the North of Glasgow. One bedroom tenanted flat - existing rental income of £425 per month (£5,100 per annum). Gross rental yield of 11%+ if purchased at Guide Price.

Turn Key fully refurbished 1 bedroom flat in traditional red sandstone tenement building*** Popular location with bright open aspects***Benefits from having GCH & D/G*** Being sold with PRT in place at a rent of £425pcm (£5100 per annum)***

· The property comprises: 1 double bedroom, bay windowed living room, separate kitchen & bathroom. This flat has been refurbished benefiting from having Gas Central Heating, Double Glazing, modern fitted kitchen & bathroom within well maintained communal close.

· ***299 Springburn Way 2/1 Sold £60k (Dec 20)*** 299 Springburn Way 2/2 Sold £64k*** (Both same building as flat being sold)*** 283 Springburn Way 2/2 Sold £68k (Dec 20)***283 Springburn Way Sold £67k (July 17)*** Heavily Discounted Guide Price to ensure sale***

· Popular rental district with high tenant demand. Easy access to City Centre & Universities. The local area benefits from having excellent transport links Via M8 Motorway and both Springburn & Barnhill Train Stations and is well serviced through amenities including Sports Centre, Shopping Centre and Library.

· Property has been discounted to ensure auction sale. Rare investment opportunity to acquire potentially high yielding investment property in popular residential district

***HIGH YIELDING INVESTMENT PROPERTY*** Rental Yield of 11.5% + at guide price*** Turn Key fully refurbished 1 bedroom flat in Traditional red sandstone tenement building*** Popular location with bright open aspects***Benefits from having GCH & D/G*** Being sold with PRT in place at a rent of £425pcm (£5100 per annum)***The property comprises: 1 double bedroom, bay windowed living room, separate kitchen & bathroom. This flat has been refurbished benefiting from having Gas Central Heating, Double Glazing, modern fitted kitchen & bathroom within well maintained communal close. Close to Stobshill Hospital, Parks, transport links & amenities***Established central location***The property is in an area which benefits from having an exceptionally High Tenant Demand--- Excellent Opportunity for Buy to Let Investors***The property is in a fabulous location having superb transport links Via M8 Motorway and both Springburn & Barnhill Train Stations and is well serviced through amenities including Sports Centre, Shopping Centre and Library.***Popular Destination for students at Caledonian & Strathclyde Universities---Close to Glasgow City Centre & shopping facilities***Ideal for Investors--

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* 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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