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
£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 of Motherwell, with easy access to Glasgow and Edinburgh. The property will be sold with a sitting tenant who 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 a great addition to a buy-to-let portfolio, as it is in extremely high demand and the rent is below the average for the area. The property itself is well-appointed, with a large entrance hallway, lounge, kitchen, double bedroom, and bathroom, all enhanced by double glazing and parking. The location is ideal for commuters, with Motherwell Train Station nearby and easy access to the M74 and M8 motorways. 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.