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Tenanted Investment, Jerviston Court... 1 bed flat for sale
Tenanted Investment, Jerviston Court, Motherwell, North Lanarkshire, ML1 4BS
£28,000
Tenanted Investment, Jerviston Court, Motherwell, North Lanarkshire, ML1 4BS
£28,000
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. The property will be sold with a settled tenant in place, providing immediate rental income of £4,200 per year (£350 per month), which is lower than the average rental income for a 1-bedroom flat in the area. The property features 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 transport links, supermarkets, and sports facilities, making it an attractive investment opportunity for those looking to add to their buy-to-let portfolio. The property will be sold under auction terms and conditions, with a 10% deposit required upon fall of the hammer, and the remainder to be paid through a licensed conveyancer.