Two bedroom flat with tenant in situ

Enjoy rental income from day one with this tenanted two bedroom upper cottage flat in the North Lanarkshire village of Greengairs, approximately four miles north of Airdrie. The accommodation comprises a spacious lounge, kitchen, two bedrooms and shower room. The tenant has been in situ for two years with a current rental of £445 per calendar month, but notice has been served to increase to £500 per calendar month from 19th July 2025 which equates to a generous 12% gross rental yield at current guide price. In addition, an attractive £15,000 discount is offered against the £65,000 Home Report valuation. Some degree of works are required which offers a great opportunity to add further value. This is an ideal addition to an existing rental portfolio, but could equally be a great start to a buy to let business. Early viewing is essential. Council Tax Band: A.

Tenure

Freehold

Area

The North Lanarkshire village of Greengairs sits in semi-rural setting between Cumbernauld and Airdrie. Local facilities are available, with a greater range in the nearby towns. Rail and bus links are easily accessed, and commuters enjoy close proximity to the M80.

Energy Efficiency Rating (EPC)

Current Rating E

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.