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3 bedroom detached house for sale
111 Lochend Road, Glasgow, G69 8AH
£250,000
111 Lochend Road, Glasgow, G69 8AH
£250,000
Our Summary
- We are excited to present this Investment Opportunity
- This 3 bed detached villa with a side conversion and a substantial amount of land W building consent, located in a PRIME location of Gartosh ***Guide Price of £250,000*** ***Bishop Loch Court, Gartcosh, G69 8GB sold for ££283,500, Heatheryknowe Road, Glasgow, G69 sold for £325,067*** Potentially an excellent opportunity for serviced accommodation, property could demand rental between £5,353PCM / £64,2400 PA generating an excellent gross yield at 25
- Sure to appeal to shrewd investors and developers looking for a rare project with the potential to convert back into a residential building (subject to gaining necessary planning consents) Sure to appeal to shrewd investors looking for a great high yielding opportunity with great development potential
- 9 m2 with alcohol licence Land- Building consent for a Two to Four bedroom Bungalow Sales Evidence: ***Bishop Loch Court, Gartcosh, G69 8GB sold for ££283,500, Heatheryknowe Road, Glasgow, G69 sold for £325,067*** ***PRICED TO ENSURE A QUICK AUCTION SALE*** Potentially excellent opportunity for serviced accommodation, with rates for 3 bed properties in the area starting from around £220 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £5,353 PCM (£64,240 PA) which would generate an incredible 25
- Planning Application Reference: 22/00598/FUL All planning enquiries must be made to the relevant local council Sure to appeal to shrewd investors and developers looking for a rare project with the potential to convert back into a residential building (subject to gaining necessary planning consents) Sure to appeal to shrewd investors looking for a great high yielding opportunity with great development potential
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- Gartcosh's combination of strategic positioning, strong transport links, and economic development potential makes it an attractive choice for investors looking for opportunities in a growing and well-connected location
- Sure to appeal to shrewd investors and developers looking for a rare project with the potential to convert back into a residential building (subject to gaining necessary planning consents)
- Sure to appeal to shrewd investors looking for a great high yielding opportunity with great development potential
Description
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Here is a summary of the property description in a single paragraph without a list:
This 3-bedroom detached villa in Gartosh, Scotland, presents a rare investment opportunity with potential for serviced accommodation or conversion into a residential building, subject to gaining necessary planning consents. The property has a side conversion and a substantial amount of land with building consent for a two-to-four-bedroom bungalow. With a guide price of £250,000, the property could generate an excellent gross yield of 25.6% if secured at this price. The location is prime, with nearby sales evidence showing strong demand, and the property is priced to ensure a quick auction sale. The area is experiencing growth and development, with a focus on business and infrastructure investments, making it an attractive choice for investors seeking a high-yielding opportunity with development potential.