4 bedroom flat for sale*Rental Portfolio* Union Street, Larkhall, Lanarkshire, ML9
- Rental Portfolio
- Yield 10%+
- 3 flats
- 2 X 1 Bedrooms
- 1 X 2 Bedroom
- Completely moderised
- Sold with sitting tenants
- Town centre location
- High rental demand
Full descriptionOpportunity to acquire a rental portfolio of 3 second floor flats located in the heart of Larkhall town centre. The portfolio consist of a combination of 2x1 bedrooms and 1x2 bedroom flats with sitting tenants. Two of the flats have undergone complete renovation. Yield 10%+.
Situated in the heart of the town centre the development is prime location for immediate access to the amenities of the town centre and transport on the doorstep.
Larkhall is a bustling town and a jewel for investors looking to expand their portfolios with properties that will ensue minimal void periods. The residents of Larkhall largely remain within the area increasing demand for private rents. The rental yields are not to be missed, upwards of 10%!!!
We have outlined the current rents achieved and the current market appraisal for properties in this area. There are long standing sitting tenants in two of the properties and the third just ready to re-marketed after its recent upgrading.
1 bedrooms - £300pcm (lower rents agreed due to 10 year long tenancy, is due for rental appraisal / increase) would achieve £350 - £400pcm
2 bedrooms - £450pcm ¿ Recently upgraded complete with new floor coverings, décor and brand new cooker, washing machine, fridge freezer and dishwasher! Due to be re-marketed for let immediately.
The development is accessed via the ground level to a well maintained communal hallway. The properties are located on the second floor where all three properties are next door to each other.
Council Tax: Band A (1 bed) B (2 bed)
Flat positions: 1A, 2A, 3A
Post Code: ML9 1DZ
Bright reception hallway with all other apartments off, open plan lounge / breakfasting kitchen with brand new kitchen appliances including dishwasher! Two good sized double bedrooms and a newly installed tiled bathroom complete with modern three piece bathroom suite, overhead shower and chrome towel warmer. Will secure good quality tenants due to the modern decor.
One of the one bedrooms has been upgraded to the same standard as above with similar new bathroom suite and décor throughout. The second one bedroom could be modernised with basic cosmetic upgrading but the long standing tenant has not allowed an opportunity of vacant possession.
All flats are double glazed, have recently installed combi boiler systems and upgraded electrical consumer units.
Amenities: Larkhall is a bustling town located near Hamilton. It is home to a vast array of shops, bars, restaurants, parks and leisure facilities on the doorstep of these properties. There is a selection of primary schools and Larkhall Secondary school, all within walking distance. There is a sports centre with swimming pool and a local municipal Golf course.
Nearby, the M74, M8 and M73 provide Larkhall easy access to Glasgow, Edinburgh and Central Scotland. Larkhall train station also provides great rail links with the direct line through Hamilton and Glasgow.
Valuation: Individual surveyor valuations are available for each flat on request.
Viewings: Arranged by appointment, please call 0141 775 1050 to confirm.
Home reports available on request.
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