DRUMOYNE DRIVE, GLASGOW - Offers over £420,000
Detached self-contained block of 5 properties, with an additional plot of land with outline planning permission for a further 3 flats. 3 x two-bed apartments, 2 x 1-bed apartments. All currently let and generating an income. All apartments have been recently renovated.
The portfolio consists of:
25 - plot of land and small commercial unit
25 A - 2 bedroom
25 B - 2 bedroom
27 A - 2 bedroom
27 B - 1 bedroom
27 C - 1 bedroom
All unit are currently rented out and would provide an instant income for any buyer.
All 5 apartments have been recently renovated and are in good condition throughout, so no work required by the buyer.
The portfolio also includes a large garden area that has outline planning permission for 3 additional flats (this may need to be reapplied for and does not constitute a guarantee).
This property represents a fantastic opportunity for an investor as the block is self-contained and would be ideal for a Serviced Accommodation strategy. This approach would take the income of this investment to in excess of £90,000 per annum if operated and managed correctly. (Although keeping income under the VAT threshold may be a good strategy).
Email Scott Weir for the investor pack [email protected]