Description
Tenanted Investment Property.
Perfect property for investors. 1 Bedroom flat in popular residential area in Motherwell with excellent access to transport links.
The property will be sold with a sitting tenant. Tenant has excellent payment history and all rent is up to date. The property generates an immediate rental income of £350 per month (£4,200 per year).
This is low rent for the area with average rental income for a 1 bedroom flat being £450 per month (£5,400 per year). Perfect Investment.
The large property comprises Entrance Hallway, Lounge, Kitchen, Double Bedroom and Bathroom. Enhanced by Double Glazing and parking.
Strong rental location with high demand driven by the popular location close to transport, supermarkets and sports facilities. Close to Strathclyde Park and Dalziel Park.
Motherwell is located in North Lanarkshire and offers easy access to Glasgow and Edinburgh. Easy access to M74 and M8 motorways. Close to Motherwell Train Station.
Popular with commuters- only 15 miles from the centre of Glasgow and 40 miles from Edinburgh.
Note to buyer. This lot will be sold under auction terms and conditions and purchase will be on an unconditional basis. The auction will take place online. Please ensure all research has been carried out prior to bidding including examination of legal documents and any queries in relation to planning.
Auction fees/ Buyers Premium and deposit payment will be due immediately upon fall of the hammer- Deposit will be 10% of purchase price with the remainder to paid through licenced conveyancer.
Seller has indicated that pre-auction offers will be considered for this lot accordingly this lot may be sold before the advertised auction date. Contact Braveheart Auctions for further information.
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