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5 bedroom flat for sale
Portfolio of 3 properties, Glasgow, G32 7LX
£250,000
Portfolio of 3 properties, Glasgow, G32 7LX
£250,000
Price History
Initial price | £270,000 |
19/11/24 | £250,000 |
Price Change | -7.41% |
Description
This portfolio of three properties in Glasgow offers an excellent opportunity for investors, with all properties currently tenanted and sold with tenants in place, ensuring no repair costs. The combined monthly rental income is £2,166, generating an annual income of £25,992, providing a significant return on investment. The tenants have offered rent increases to extend their agreements, and negotiations are ongoing for further increases at one of the properties. The properties are located in excellent areas, within easy reach of Glasgow City Centre and offering easy access to transport. The tenancies include provisions for the tenants to cover maintenance and repair costs, making this a low-maintenance investment. With annual rent increases tied to the Consumer Price Index, this portfolio offers a secure and growing income stream for investors.