Development Opportunity/Lock-Up Garages, Crofthill Road, Glasgow, Lanarkshire, G44 5NN

  • Unconditional Online Auction Sale
  • Guide Price* : £69,000

FOR SALE BY ONLINE AUCTION THURSDAY 6TH OCTOBER AT 9.00AM. Fantastic opportunity to purchase a potential development site which could be developed into 4 in a block flats or 2 semi detached houses, with a gross development value in excess of £500k, subject to planning. If kept as garages, potential rental value of £12,000 per annum with the 6 garages each delivering £2,000 per annum, giving an impressive yield of 17% at guide price.

Description

FOR SALE BY ONLINE AUCTION THURSDAY 6TH OCTOBER AT 9.00AM. Fantastic opportunity to purchase a potential development site which could be developed into 4 in a block flats or 2 semi detached houses, with a gross development value in excess of £500k, subject to planning. If kept as garages, potential rental value of £12,000 per annum with the 6 garages each delivering £2,000 per annum, giving an impressive yield of 17% at guide price.

A rare opportunity to purchase a site which could cater to a variety of uses including redevelopment into houses, subject to planning or, kept as 6 garages which could be let out .The garages are set in a residential pocket in the highly sought after area of Croftfoot in Glasgow's Southside. Glasgow's southside is a popular area of Glasgow and hosts various cafes, restaurants, parks and schools including Croftfoot primary school.

*** Brilliant investment opportunity ***

*** Croftfoot train station is a 9 minute walk away (0.4 miles) ***

*** Kings park is a 4 minute drive away (1.2 miles) ***

*** Linn Park is a 4 minute drive away (1.3 miles) ***

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Key Feature 1

Development opportunity

Key Feature 2

Residential area

Key Feature 3

Sought after location

* 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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