Serviced Accommodation Investment - Drumoyne Drive Glasgow

27 April, 2017

Written by Pillow Partners

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).

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Email Scott Weir for the investor pack [email protected]