Tenanted property

Enjoy rental income from day one with this tenanted two bedroom second floor flat in Coatbridge, North Lanarkshire. The tenant has been in situ for more than five years with an excellent rent payment profile. The accommodation comprises lounge, spacious kitchen, two bedrooms, box room and bathroom. Also offers an excellent opportunity to add value through upgrade works. The current rental of £425 per calendar month offers immediate rental yield of 10.8% at guide price, with a rental increase to £548 per calendar month effective from 26th July 2025 equating to an impressive 14%. This property would make an ideal addition to a rental portfolio, but could equally be a great start to a buy to let journey. This is one not to be missed. Council Tax Band: A. Comparable 40, Oxford Street: Sold for - £57,812 02/25

Tenure

Freehold

Area

Maxwell Place enjoys convenient location approximately 1.5 miles from Coatbridge town centre. Coatbridge offers a range of retail and leisure facilities, as well as a number of schools. Local sports facilities include golf courses, swimming pools and gyms, and Drumpellier Country Park is just a short distance away. The easily accessible motorway network provides excellent links across the central belt and further afield, and public transport requirements are well served by regular bus and train services from Coatbridge or Blairhill.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

North Lanarkshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.