Tenanted Residential Property

198 Flat 3/3, Newlands Road, Cathcart, Glasgow, G44 4EY

£75,000 Opening Bid

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Type

Ownership

Occupation

Bedrooms

1

Council Tax

Band: A

Details

Property Summary


  • PRIME PROPERTY AUCTIONS NEW ENTRY. Good sized 1 bedroom, top floor flat located in the sought after southside location of Cathcart. 10.8% yield at Guide price of £75,000.

  • *** 212 0/6, Newlands Road, Glasgow, Gla G44 4EY sold for £211,755 April 2022, 198 3/1, Newlands Road, Glasgow G44 4EY sold for £105,950 June 2021 ***

  • Property is currently let at £675pcm. Sought after location with HIGH TENANT DEMAND. Sure to appeal to Investor looking for easily lettable flat

  • Internally the property would benefit from some modernisation to amplify the rental potential and boost capital growth.

  • Property is located in a fantastic location and is sure to appeal to buy to let landlords looking for an affordable property in the southside of Glasgow.


 

PRIME PROPERTY AUCTIONS NEW ENTRY. Good sized 1 bedroom, top floor flat located in the sought after southside location of Cathcart.

Property comprises: Entrance Hallway, Shower room, Double bedroom, living room with Kitchen. Property benefits from Gas Central Heating. There is a communal garden which and ample on street parking.

*** 212 0/6, Newlands Road, Glasgow, Gla G44 4EY sold for £211,755 April 2022, 198 3/1, Newlands Road, Glasgow G44 4EY sold for £105,950 June 2021 ***

The property has vast potential, but will require some upgrading in order to achieve the best rental value. Property is currently tenanted a £675 per calendar month. Once the property has been renovated the property would attract a rental of £750 - £850 per calendar month.

*** HIGH TENANT DEMAND. Sure to appeal to Investor looking for easily lettable flat***

Excellent chance to purchase an investment property in a desirable Southside location of Glasgow. Property has potential to generate an annual income of £8,340 - £9,000.

 

Property is due for our upcoming Timed online auction. For further details on how to register please contact the office. Property is available for immediate offers. Seller will consider offers prior to auction. For further details please contact our sales team.

 

Location

Cathcart and its neighbouring suburbs of Muirend, Shawlands and Langside provide a broad range of excellent shopping facilities, supermarkets, restaurants, bars and numerous recreational facilities. Silverburn Shopping Centre provides an extensive range of shops, restaurants and supermarkets. There are several golf courses in the area and a selection of local health clubs.

Linn Park is the second largest park in the city, with a variety of activities including an 18 hole golf course, children play areas and its extensive grounds offering woodland and river walks, Holmwood House, designed by one of Scotland's greatest Classical architects, Alexander 'Greek' Thomson (1817-1875) and is now maintained by the National Trust for Scotland. Pollok Country Park is also within easy reach.

The M77 provides commuter access to the City Centre, Glasgow Airport and, along with the Glasgow Southern Orbital, provides an excellent connection to the Central Scotland motorway network, as well as south towards Ayrshire and Prestwick Airport. The area is well served by regular train and bus services to the City Centre (4 miles) and to East Kilbride.

 

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

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Property Features

  • PRIME PROPERTY AUCTIONS NEW ENTRY. Good sized 1 bedroom, top floor flat located in the sought after southside location of Cathcart. 10.8% yield at Guide price of £75,000.
  • *** 212 0/6, Newlands Road, Glasgow, Gla G44 4EY sold for £211,755 April 2022, 198 3/1, Newlands Road, Glasgow G44 4EY sold for £105,950 June 2021 ***
  • Property is currently let at £675pcm. Sought after location with HIGH TENANT DEMAND. Sure to appeal to Investor looking for easily lettable flat
  • Internally the property would benefit from some modernisation to amplify the rental potential and boost capital growth.
  • Property is located in a fantastic location and is sure to appeal to buy to let landlords looking for an affordable property in the southside of Glasgow.

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198 Flat 3/3, Newlands Road, Cathcart, Glasgow, G44 4EY

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