FOR SALE VIA NATIONAL ONLINE AUCTION. BIDDING OPENS TUESDAY 15TH DECEMBER AT 12 NOON AND CLOSES THURSDAY 17TH DECEMBER AT 12 NOON. REGISTER TO BID!
Location
The popular Rutherglen district lies approximately six miles to the South of Glasgow and offers a full range of facilities including primary and secondary schools, retail, leisure and public transport services. Excellent road links offer easy access to Glasgow City Centre and the Central Belt motorway network system.
Description
We are delighted to offer to auction this two bed ground floor ex local authority flat in the Rutherglen area of south Glasgow. The accommodation comprises lounge, two bedrooms, kitchen and bathroom and the property further benefits from shared garden area to the rear and small balcony to front.
The property is in need of a full programme of refurbishment works throughout which offers an exciting opportunity to add value whether for ultimate resale or rental. There is also external works in progress with structural steels supporting balconies - buyers should conduct their own due diligence in terms of associated liability and timescales.
The opportunity to add value through refurbishment and an excellent potential rental yield of more than 20% at listed Guide Price makes this property ideal for investor/developers whether for resale or buy to let. It could, of course, also attract interest from owner occupiers happy to undertake the works and create a home in a popular south Glasgow location.
We expect strong levels of demand for this property and early viewing is strongly recommended.
Please note that the property is not suitable for lending in current condition and is CASH PURCHASE ONLY.
Features
Home Report Value £33,000
Exciting Refurbishment project
Potential Rental Yield of 20% at Guide Price
Great Added Value Opportunity
Popular South Glasgow Locale
Perfect Rental or Owner Occupier Property
Potential Rental Income at LHA Rates £5685pa
Comps
12, Drumilaw Road, Rutherglen, Glasgow G73 4NU
£60,000 2 Sep 2020
10, Drumilaw Road, Rutherglen, Glasgow G73 4NU
£45,100 4 Sep 2019
34, Flat 0/1, Drumilaw Road, Rutherglen, Glasgow, Lan G73 4NU
£41,000, 6 Aug 2019
PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.
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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
Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated
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- Flat
- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0141 339 4466 for more information
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