Auction House / Scotland

  • For Sale By Unconditional Online Auction
  • Guide Price* : £55,000
  • Auction Ended 12/09/2023
  • Lot 7

Flat 0/1 331 Wellshot Road, Glasgow, Lanarkshire, G32 7QW

FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID!

Location

Wellshot Road is located between Shettleston and Tollcross in Glasgow’s east end, with an excellent selection of local amenities including Tollcross Park and Tollcross International Swimming/Leisure Centre nearby. Furthermore, a more diverse range of shopping is available within the highly regarded Forge and Fort Shopping Centres which are located a short drive away. There are numerous recreational facilities in the area whilst frequent bus and train services, provide great commuter access to Glasgow city centre. Both the M74 and M8 motorways networks are easily reachable and provide swift access to Glasgow Airport, Glasgow city centre and most major towns and cities throughout the central belt of Scotland.

Description

Ground Floor Flat
We are delighted to bring to auction this well-presented ground floor flat in the ever popular Tollcross area in the east end of Glasgow. Set within a factored traditional tenement block, the accommodation comprises spacious front facing lounge with bay window formation, two bedrooms, kitchen with wall and base units, and bathroom with white suite and over-bath shower. A 32% discount against the Home Report value at £80,000, allied with potential rental yield of 14% (LHA levels of £7,779pa at Guide Price) is sure to attract both investors and owner/occupier alike. Strong rental demand in the area is likely to produce even better rental income. Early expression of interest is essential for a property that is sure to move quickly.

NOTE TO POTENTIAL PURCHASERS
The damp issues highlighted within the Home Report have been surveyed by a damp specialist. This report is available to interested parties on request.

Council Tax Band

B

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

3.6% including VAT subject to a minimum fee of £3,600.00 including VAT payable on the fall of the Virtual Gavel

Disbursements

Please see Legal Pack for any Disbursements.

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* Guide | £55,000
  • 2 Bedrooms
  • Unconditional (Immediate Exchange)

Call the team on 0141 339 4466 for more information

Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.