1 bed Flat For Sale £50,000
Shettleston Road, Glasgow G32

Portfolio of two flats

This fantastic portfolio in the ever popular east end of Glasgow is new to auction. Both have tenants in situ offering immediate rental income from day one producing annual rental income of £13,200pa, which equates to an outstanding gross rental yield in excess of 11% at the Guide Price. In addition, with cumulative Home Report valuations of £140,000, the portfolio also offers a discount of almost 18%. The properties are just a few doors apart and comprise a one bed on the third (top) floor and two bed on the first floor. In detail, the one bed offers lounge/kitchen, double bedroom, and bathroom with white suite and over bath shower. The two bedroom comprises lounge/kitchen, two bedrooms and bathroom with white suite and over bath shower. Whilst the one bedroom flat has a tenant in situ, the tenant has served notice and is vacating mid May, which offers the opportunity to increase the rental to a higher current market level. With an attractive discount and immediate rental income, this is sure to attract existing landlords, but could also be a great start to a new investor’s rental portfolio. Council Tax Band: A.

Area

Shettleston Road is in the popular east end of Glasgow, and offers a range of local retail and leisure amenities, with the Forge Shopping Centre nearby. Excellent public transport links provide easy access to Glasgow city centre, and the motorway network across central Scotland and further afield is easily reached

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