3 bed detached house for sale

111 Lochend Road, Glasgow G69

• We are excited to present this Investment Opportunity. This 3 bed detached villa with a side conversion and a substantial amount of land W building consent, located in a prime location of Gartosh ***Guide Price of £250,000***

• ***Bishop Loch Court, Gartcosh, G69 8GB sold for ££283,500, Heatheryknowe Road, Glasgow, G69 sold for £325,067***

• Potentially an excellent opportunity for serviced accommodation, property could demand rental between £5,353PCM / £64,2400 pa generating an excellent gross yield at 25.6% secured at the guide price £250,000.

• Sure to appeal to shrewd investors and developers looking for a rare project with the potential to convert back into a residential building (subject to gaining necessary planning consents)

• Sure to appeal to shrewd investors looking for a great high yielding opportunity with great development potential.

We are excited to present this Investment Opportunity. This building 3 bed detached villa with a side conversion and a substantial amount of land, located in a prime location of Gartosh ***Guide Price of £250,000***

Sale Comprises:

Residential- Entrance Hallway, Livingroom, Master Room w Ensuite, 2 Spacious Bedrooms, Bathroom, Dining Room, Kitchen and Driveway. The villa also benefits from Double Glazing & Gas Central Heating. Epc: D. Tax band: E.

Commercial- Newsagents approx 31.9 m2 with alcohol licence

Land- Building consent for a Two to Four bedroom Bungalow

Sales Evidence:

***Bishop Loch Court, Gartcosh, G69 8GB sold for ££283,500, Heatheryknowe Road, Glasgow, G69 sold for £325,067***

***priced to ensure A quick auction sale***

Potentially excellent opportunity for serviced accommodation, with rates for 3 bed properties in the area starting from around £220 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £5,353 pcm (£64,240 pa) which would generate an incredible 25.6% gross yield if secured at the guide of £250,000.

Planning Application Reference: 22/00598/ful

All planning enquiries must be made to the relevant local council

Sure to appeal to shrewd investors and developers looking for a rare project with the potential to convert back into a residential building (subject to gaining necessary planning consents)

Sure to appeal to shrewd investors looking for a great high yielding opportunity with great development potential.

The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer now, you can do so via our “Offer now” button on our website.

This lot is open to immediate offers. Swing that there is strong demand.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Gartcosh, a village in North Lanarkshire, Scotland, presents promising investment opportunities due to its strategic location, transport connectivity, and focus on business development. Situated near Glasgow, Gartcosh benefits from excellent road links via the M73 and nearby rail services, making it an accessible and appealing hub for businesses and commuters. The area is home to the Gartcosh Business Interchange, a key development attracting enterprises in logistics, technology, and other sectors. Ongoing investments in infrastructure, housing, and local amenities are driving growth and enhancing its appeal. Gartcosh's combination of strategic positioning, strong transport links, and economic development potential makes it an attractive choice for investors looking for opportunities in a growing and well-connected location.

Read full description