Tenanted City Centre investment opportunity

A residential flat forming part of a modern and established development on Wallace Street, ideally positioned on the south side of Glasgow City Centre. The property is understood to be occupied and is being sold subject to an existing tenancy agreement which advises a rent of £500 per calendar month £6,000 per annum. The development benefits from professionally managed communal areas, secure entry and a highly convenient location close to Glasgow City Centre. The property enjoys excellent access to a wide range of amenities, public transport links, Glasgow Central Station and the M8 motorway network. Wallace Street remains a popular residential location for both owner occupiers and tenants due to its central position and accessibility. Auction House Scotland has not been provided access to the property and has not undertaken an internal inspection. Interested parties should satisfy themselves in relation to the accommodation, condition, occupancy status and tenancy arrangements prior to bidding. Interested parties should note that Auction House Scotland has not verified the tenancy arrangements, rent payments or compliance documentation and purchasers should satisfy themselves in this regard from the legal pack and their own enquiries. The property is sold subject to an existing tenancy agreement. The seller has advised a contractual rent of £500 per calendar month. No warranty is given in respect of rental payments, arrears, tenancy compliance or tenant status. Full details available within the legal pack. Council Tax Band F.

Tenure

Freehold

Area

Wallace Street is located in Tradeston, just south of Glasgow City Centre. The area offers excellent access to a range of local amenities, with shops, restaurants and leisure facilities all within easy reach. Transport links are excellent, with nearby access to the M8, M74 and M77 motorways, while Glasgow Central Station, Bridge Street Subway Station and regular bus services provide convenient connections across Glasgow and beyond.

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.