Tenanted Investment, Jerviston Court... 1 bed flat for sale

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Tenanted Investment, Jerviston Court... 1 bed flat for sale

Tenanted Investment, Jerviston Court, Motherwell, North Lanarkshire, ML1 4BS
£25,000

Our Summary

  • This lot will be sold under auction terms and conditions and purchase will be on an unconditional basis
  • The auction will take place online
  • Auction fees/ Buyers Premium and deposit payment will be due immediately upon fall of the hammer- Deposit will be 10% of purchase price with the remainder to paid through licenced conveyancer
  • Seller has indicated that pre-auction offers will be considered for this lot accordingly this lot may be sold before the advertised auction date

Description

This tenanted one-bedroom property in Motherwell is an attractive investment opportunity for buy-to-let investors. The property is located in a popular residential area with excellent access to transport links, supermarkets, and sports facilities. The current tenant has an excellent payment history and all rent is up to date, generating an immediate rental income of £350 per month (£4,200 per year). The property is being sold with a settled tenant in place, making it an ideal addition to an existing portfolio. The property itself comprises an entrance hallway, lounge, kitchen, double bedroom, and bathroom, with double glazing and parking. The location is highly sought after, with strong rental demand driven by its proximity to transport, amenities, and parks. The property is being sold under auction terms and conditions, with a 10% deposit due immediately upon fall of the hammer and the remainder to be paid through a licensed conveyancer. Pre-auction offers will be considered, and the property may be sold before the advertised auction date.