2 bed Flat For Sale £139,000
*Attention all Buy-To-Let Investors*
Peter Vail and RE\MAX are delighted to offer for sale this modern 2bedroom apartment located on the second floor of a very well maintained building. Early viewing is highly recommended as demand will be strong for this apartment, forming part of a modern block conveniently located to Glasgow's vibrant West End and City Centre.
It has the advantage of being sold with a longstanding sitting tenant who has an impeccable payment history and has looked after the property like it was his own. This is a low maintenance, hassle free investment which offers a landlord's dream of decent yield, and likely capital appreciation. For a new start landlord, or an investor looking to expand their portfolio, this is an excellent opportunity.
The Property: The entrance is protected by a security entry system and is in excellent decorative condition throughout. The tenant personalised the property himself, further highlighting his desire to continue renting the apartment from the new owners. The property is light giving a sense of space and light, especially in the lounge. The property benefits from electric heating and is double glazed throughout. It has an EPC rating of C which is great for landlords wanting to future proof potential legislative environmental standards and associated costs.
Location: The property is situated close to Great Western Road. This offers easy and regular public transport links to Glasgow City Centre and the West End, with regular bus services operating close by. There are parks, shops, churches, supermarkets nearby, as well as primary and secondary schools, so the apartment would appeal to a wide range of tenants should the sitting tenant ever choose to move on.
EPC - C Council Tax Band - C
Investment details: The apartment currently produces an annual gross rental of £8400. (Although then tenant currently pays factoring fees on top of rentals). Looking at properties of this standard in the locale, rental could comfortably be increased to a fair market rate of £12600. Current gross yield at asking price 6%. Potential gross yield 9%.
The property is modern, in good condition and will carry low running costs. This is a postcode area where capital growth is likely.
Tenancy Details: The current tenant has lived in the property for several years and have consistently paid their rent. They have maintained the property as if it were their own. They do not have any intentions to move out so hope to remain in the property, giving the new owners immediate cash flow.
Entrance: The apartment is accessed via a secure entry and situated on the second floor. The communal entrance is welcoming and in excellent decorative condition.
Hallway: 4.1m x 1.2m - A neutrally decorated hallway granting access to all rooms.
Lounge: 4.52m x 5.69m - A spacious and bright lounge. There is a large bay style window allowing plenty of natural light and offering views onto the well maintained communal gardens at the front of the block.
Kitchen: 1.71 x 4.38m - Fitted with a range of matching base and wall units with splashback tiling between worktops and wall units. The kitchen features an electric hob with extraction fan and a single oven along with washing machine, fridge freezer and a stainless steel sink and drainer.
Master Bedroom: 3.66m x 3.84m - A spacious double bedroom. The bedroom is bright with a large double glazed window. It features substantial built in wardrobes. These are mirrored offering practicality and further enhancing light in the bedroom.
Bedroom 2: 3m x 3.64m - A further double bedroom, currently being used as a home office. Again, this features mirrored fitted wardrobes.
Bathroom: 1.74m x 2.19m - White bathroom suite with bath, over bath electric shower, WC and sink with vanity unit offering useful storage space. The shower has a glass screen and is tiled.
Outside: Communal waste bins are situated in a tidy discreet enclosed area to the front of the property. There are grass, mature shrubs and trees in the communal, well maintained gardens. The flat comes with one parking space and there is plentiful on-street parking less than a minutes walk away.
To arrange a viewing, please call Peter -[use Contact Agent Button]
Offers should be submitted to: [use Contact Agent Button]
Council Tax Band: C
Tenure: Freehold
