Features
- Buy-to-let Investment
- Tenanted & Fully Compliant
- 1 Bedroom
- Home Report : £60,000
- Current Rental £395pm
- Current Yield 8.5%
- EPC Rating: D
- 49 sq m
- No Buyer Fees
- Unfurnished Let
Description
Tenanted 1 bedroom buy-to-let investment property in East Kilbride. This top floor property comprises a hallway, bright living room, kitchen, double bedroom, and shower room. The property benefits from gas central heating, double glazing, well kept communal areas, and being fully compliant for the rental market.
The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since March 2022 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £4,740 that represents an immediate yield of 8.5% with scope to increase the yield to +11% for a future tenancy. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £60K.
East Kilbride is the largest town in South Lanarkshire with a population of approximately 76,000. The town centre offers an array of excellent retail and leisure facilities as well as regular train and bus services to Glasgow and other destinations.