1 bed Flat For Sale £55,000
Greenbank Street, Flat 1-3, Rutherglen G73

FIRST FLOOR: Entrance hallway, living room, double bedroom, breakfasting sized kitchen and bathroom. Net Area: Approximately 52 m² or thereby. Rutherglen town centre is just a short walk away from the property. Excellent public transport links to Glasgow City Centre as well as the nearby M74 arterial road network. The property currently produces an annual gross income of £5,400 which could be increased by the new owner to a market rate of £6,000 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors residential property portfolio. DM Hall RICS Home Report £75,000. Current term of tenancy: 8 years Fully compliant tenancy including EICR and Gas Safety in order. Payment history: On time for length of tenancy. This property has a potential to rent for £500 which would provide the investor a Gross Yield of 8.0% if the rent was increased to market rate. The subjects are situated on the eastern side of Greenbank Street, at its junction with King Street, in an established mixed residential/commercial area within Rutherglen's town centre. The surrounding area comprises a variety of property types. Convenient for access to local amenities. The property is located in a Conservation Area. EPC Rating - Band C

Auction Details
15 June 2023, 10am-3pm
Timed Online Auction

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