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Garage for sale
Crofthill Road, Glasgow G44
£80,000
Crofthill Road, Glasgow G44
£80,000
Our Summary
- FOR SALE BY ONLINE AUCTION WEDNESDAY 20TH OF NOVEMBER 2024 AT 9
- *Fantastic opportunity*To acquire a potential development site which could be developed into 4 in a block flats or 2 semi detached houses, with a gross development value in excess of £500k, subject to planning*If kept as garages, potential rental value of £12,000 per annum with the 6 garages (4 of the garages currently rented, other 2 available for rent) each delivering £2,000 per annum, giving an impressive yield of 15% at guide price**A rare opportunity to purchase a site which could cater to a variety of uses including redevelopment into houses, subject to planning or, kept as 6 garages which could be let out*RECENT NEARBY PROPERTY SALES:- 250 Crofthill Road, 2 bedroom, £137,850 (Oct'23)- 41 Crofthill Road, 2 bedroom, £128,000 (Jul'24)- 44 Crofthill Road, 3 bedroom, £127,000 (Nov'23)*The garages are set in a residential pocket in the highly sought after area of Croftfoot in Glasgow's Southside*Brilliant investment opportunity **Glasgow's southside is a popular area of Glasgow and hosts various cafes, restaurants, parks and schools including Croftfoot primary school, with King's Park Secondary School nearby)*Kings park is a 4 minute drive away (1
Description
This property is a rare opportunity to acquire a potential development site in the highly sought-after area of Croftfoot in Glasgow's Southside. The site could be developed into 4 flats or 2 semi-detached houses, with a gross development value of over £500,000, subject to planning. Alternatively, it could be kept as 6 garages, which are currently rented, with a potential rental value of £12,000 per annum, giving a yield of 15% at the guide price of £80,000. The garages are located in a residential pocket near Croftfoot railway station and are close to various amenities, including cafes, restaurants, parks, and schools. The area is also well-connected to the city centre via public transport. This presents a brilliant investment opportunity for those looking to capitalize on the area's popularity.