FOR SALE BY ONLINE AUCTION THURSDAY 25TH JULY 2024 AT 9.00AM. Rare opportunity to purchase a tenanted lock up/storage garage in Glasgow's popular Cardonald area. An Amazing investment opportunity in a sought after, residential area with an immediate rental income of £100 per month, giving a yield of 12%.
Online Property Auctions Scotland are delighted to offer this tenanted, well-sized lock up/storage garage in the sought after area of Cardonald. The premises, located behind a popular local shopping parade, is 4.8m x 2.5m in size.
The garages are located behind a parade of local shops within the residential district of Cardonald, Glasgow. The garage offers a rare and a high yielding opportunity. Immediate rental income of £12,00 per annum.
Located in Glasgow's southside, Cardonald is a highly sought area and densely populated district, with a mix of housing and retail shops but with a shortage of available secure parking and storage facilities. The area boasts a huge range of amenities including schools, shops, cafes and restaurants. The area further benefits for having excellent transport links, including Cardonald train station, which provides a quick link to Glasgow city centre.
• Highly sought after, residential area
• Outstanding investment opportunity
• Immediate rental income of £100 per month
• Yield of 12%
• Rarely brought to auction
• Huge variety of amenities nearby
This is a unique opportunity seldom seen for sale in Glasgow. We expect substantial interest from nearby homeowners, shopkeepers and professional investors & developers.
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Highly sought after, residential area
Immediate rental income of £100 per month giving a yield of 12%
Turnkey Investment
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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