FOR SALE BY ONLINE AUCTION THURSDAY 14TH JULY AT 9.00AM. Portfolio of two tenanted one bedroom flats in East Kilbride. Total monthly rental income of £760 providing a yield of 9.8% at Guide Price. Fantastic opportunity to acquire a turnkey investment portfolio with immediate income stream.
140 Quebec Drive
The property is comprised of a spacious entrance hallway, a large living room, a double bedroom, a well-sized fitted kitchen and a bathroom with a three-piece suite. Currently tenanted at £390pcm.
Nearby Sales include:
• One bedroom flat, Bowden Park - Sold for £60,000 Oct 21
• One bedroom flat, Falkland Drive - Sold for £55,000 Apr 21
• One bedroom flat, Mungo Park - Sold for £57,000 Sep 21
The property itself is situated within close distance of the town centre, which hosts the large East Kilbride Shopping Centre.
29 Ivanhoe
The property is comprised of an entrance hallway, a large living room, a double bedroom, a well-sized fitted kitchen and a bathroom with a three-piece suite. Currently tenanted at £370pcm.
Nearby Sales include:
• One bedroom flat, Ivanhoe - Sold for £55,000 Aug 18
• One bedroom flat, Ivanhoe - Sold for £59,000 Oct 21
• One bedroom flat, Ivanhoe - Sold for £54,995 Mar 21
• One bedroom flat, Ivanhoe - Sold for £57,000 Mar 21
• One bedroom flat, Ivanhoe - Sold for £55,000 Nov 21
East Kilbride is a large town close to Glasgow, with a population of over 75,000 people. There are great transport links into the city via the East Kilbride Expressway and the A749, as well as railway links via the East Kilbride Railway station, making it an increasingly popular commuter town. There are many amenities nearby with the Kingsgate Shopping Park just a short drive away.
To view legal documents relating to this property please visit our website.
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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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