(Lot 3), Waterside Place, Ballater Street, Glasgow, G5 0QD

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Available as an individual lot or as part of a wider portfolio

Lot 3: Waterside Place, Glasgow

20 apartments: 8 one-bed and 12 two-bed

Let on Scottish Assured Shorthold Tenancies with 2 void

Annual Gross Income: £100,680

Annual ERV £129,600

Scottish Feuhold (equivalent of English Freehold)

Located within a modern development on Ballater Street, New Gorbals, approximately 1 mile south east of Glasgow city centre. Glasgow is Scotland's largest city and the third largest in the UK. The city has a diverse economy supporting over 400,000 jobs.

The properties are located within the regenerated Gorbals area of Glasgow, and offers a good range of local shopping and leisure faciltieis including New Gorbals leisure centre. The area is convenient for pedestrian or vehicular access towards Glasgow City Centre, which is within a 10 minute walk. The City Centre offers an excellent range of commercial, leisure and recreational facilties. In addition to this the property is also well positioned to take advantage of Glasgow's Strathclyde and Caledonian Universities nearby.

DESCRIPTION AND ACCOMMODATION
The properties are arranged within a modern development. There are a total of 20 apartments, comprising 8 one beds and 12 two beds. The properties benefit from ample off street parking, and some have riverside views over the clyde and north to the city.

TENANCY INFORMATION
The properties are let on Scottish Assured Shorthold Tenancy Agreements, currently producing £100,680pa.The properties benefit from low void rates with 36% of the properties having been let to the same individuals since 2008. Rettie & Co's Lettings and Management Team recently inspected a selection of properties, and after reviewing note an ERV of £129,600pa.

PROPERTY MANAGEMENT
The properties have been actively managed by Lothian Homes since 2009, and are keen to continue with the management on behalf of the purchaser.

Links

http://www.rettie.co.uk/development/pfp