Part Exchange Available!!! The property comprises the First Floor, Second Floor and Attic Rooms of a Three Storey and Attic End Terraced Tenement Property. The outer walls are of Grey Rubble Masonry and the Roof is Pitched, Timber Framed, Sarked and Tiled. The Windows are Timber Framed and Single Glazed.The First Floor is Self Contained but Sub-Divided Internally to create Five Bed-Sits, Kitchen and Shower Room. The Top Floor and Attic Flat is Self Contained and the accommodation comprises: Lower Level - Five Bed-Sits, Kitchen and Shower Room. Upper Level - Three Bed-Sits, Bathroom and Store Room (All Three Units on this Floor contain a Sink, Fridge and Small Cooker).The property is held in Multiple Occupation (House in Multiple Occupancy - HMO) and it is understood that Licenses Exist for Both Units (The number of residents to be accommodated in the First Floor is 5 and 10 within the Top Floor and Attic). In the last few years, Glasgow has taken a very hard stance on Houses in Multiple Occupancy and the Licences are very strictly enforced and Demand is High for Properties with a License. The subject property is run very well and would make for a very successful Investment Property. We are very confident that there will be a healthy demand for a property of this nature as there is similarly a High Demand for Bed-Sit Accommodation particularly close to the City Centre and the West End of Glasgow.The building dates back approximately 120 years. It has, however, undergone External Refurbishment works which have included Re-Tiling the Roof, Stonework Repairs and Upgrading of Lead and Rainwater Goods. Internally the property would benefit from a re-decoration programme and any ongoing internal improvements should be considered to retain the bed-sits in a lettable and presentable condition.We are able to provide a breakdown of the rent currently received - as a generality, Â£65.00 - Â£80.00 is very achievable on a per room basis per week. The current aggregate rent achieved is around Â£49,000.Viewing is a must for this Superb Investment Opportunity.Extras: All fitted carpets and floor coverings.
Location of Property
By appointment through McEwan Fraser Legal on 0131 524 9797.
McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
Part Exchange your property for a home on our site
If you are interested in a property we have available for sale and have your own property to sell, we can refer you to Haddington Estates (who operate independently of McEwan Fraser Legal). They can offer you a guaranteed cash offer for your own property through this unique Part Exchange option which may allow you to sell your property quickly and easily without any Estate Agency fees or advertising costs. This allows you to make an offer for any property on our site safe in the knowledge that your existing house has a firm legal offer.
Mortgage funding may be available through an authorised mortgage broker
McEwan Fraser Legal are working closely with authorised mortgage brokers in order for our clients to obtain mortgage funding (see terms and conditions, which normally apply, below)
- Aged 18+
- You are in permanent employment
- Self Employed usually need to have 2 years accounts available
- Permanent right to reside in the UK
- You have no adverse credit that would affect your ability to repay funding
Should you wish to obtain further information please complete the enquiry form