1 bedroom flat for sale

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1 bedroom flat for sale

Tenanted Investment, Jerviston Court, Motherwell, North Lanarkshire, ML1 4BS
£27,000

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 is located in a popular residential area in Motherwell, offering easy access to Glasgow and Edinburgh via transport links. The property is currently let out for £350 per month, generating an annual rental income of £4,200, which is below the average rent for a one-bedroom flat in the area. The property itself is a large flat with an entrance hallway, lounge, kitchen, double bedroom, and bathroom, and benefits from double glazing and parking. The location is highly sought after due to its proximity to Strathclyde Park, Dalziel Park, and transport links, making it an attractive investment opportunity for buy-to-let investors. The property will be sold with a sitting tenant, with a strong payment history, and will be sold under auction terms and conditions, with a 10% deposit required upon fall of the hammer.
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