2/3, 35 South Vennel, Lanark, Lanarkshire, ML11 7JT

  • Unconditional Online Auction Sale
  • Guide Price* : £47,000

SALE BY ONLINE AUCTION THURSDAY 1ST JULY 2021. 24% BMV. Presenting to market this attractive one bedroom second floor flat in Lanark. Suitable in the main for Buy-to-Let investors - the property is currently tenanted with rental income of £4,200 per year. Substantial discount on home report value £65,000..

Description

SALE BY ONLINE AUCTION THURSDAY 1ST JULY 2021. Presenting to market this attractive one bedroom second floor flat in Lanark. Suitable in the main for Buy-to-Let investors - the property is currently tenanted with rental income of £4,200 per year.

HEAVILY DISCOUNTED GUIDE PRICE ON RICS HOME REPORT OF £65,000............24% BELOW HOME REPORT VALUE.

Property comprises hallway, lounge, kitchen, double bedroom and shower room. There is a secure entry close to the entrance of the flat, and the building as a whole is well maintained. There is Gas Central Heating and Double Glazing throughout the property. EPC Band is C.

Currently tenanted, the property has been let out consistently for over a decade - excellent rental prospects. There is on-street parking readily available, as well as a nearby public car park utilised by many residents in the area.

Lanark train station is a short walk from the property, and Lanark itself is within easy reach of both Glasgow and Edinburgh by road or rail. The property benefits from a central location, with Lanark main street within walking distance. The main street has an array of shops, restaurants and other amenities.

Recent sales:
2/2, 35 South Vennel - 1 Bedroom - Sold for £46,000 in November 2020
37/4 South Vennel - 2 Bedroom - Sold for £80,500 in September 2020
37/5 South Vennel - 2 Bedroom - Sold for £77,000 in June 2020
5a South Vennel - 1 Bedroom - Sold for £62,314 in March 2020
15 South Vennel - 2 Bedroom - Sold for £100,250 in January 2020

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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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Bidding Opens On
1st Jul 2021 09:00
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Virtual Tour

3D Walkthrough Tour - 2/3, 35 South Vennel, Lanark

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