Exciting refurbishment opportunity

We are delighted to present to auction this exciting refurbishment property in the popular Parkhead area to the east of Glasgow city centre. The flat is on the top (3rd floor) of a traditional tenement block, with accommodation comprising lounge, one bedroom (currently partitioned into two smaller bedrooms), kitchen off lounge and bathroom. A full programme of refurbishment, including common roof works of approximately £2500, is required which is reflected in the competitive guide price, and offers a great opportunity to add significant value through works. The property offers electric heating, although there appears to be a gas supply into the block, and there is a shared garden area to the rear. On completion of works, landlords could enjoy rental income of at least £8,317 per annum (LHA one bed rate), but the strong rental market could potentially generate greater levels of income. This one is sure to move quickly and early viewing is essential. Council Tax Band: A. ** Note To Purchasers – there is no Home Report available due to current uninhabitable condition, and the cost of pending roof works (approximately £2500) will be borne by the incoming buyer per Legal Pack Special Conditions **

Tenure

Freehold

Area

1314 Gallowgate is within the popular Parkhead area, approximately four miles east of Glasgow city centre. A variety of retail and leisure options are nearby including Forge Shopping Centre and Retail Park. Duke Street train station is close by, with additional nearby stations at Alexandra Parade and Carntyne. Frequent local bus services run along Gallowgate and surrounding routes.

Local Authority

Glasgow City 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.