Summary - 3/1, 108, ALLISON STREET, GLASGOW G42 8ND
2 bed 1 bath Flat
Managed tenancy in place with reliable rent and close transport links.
Top-floor Victorian tenement flat with high ceilings and period features
A straightforward Southside investment offered at auction with a long-term, professionally managed tenancy in place. The top-floor Victorian tenement flat has been let since before 2017, producing an agreed rent of £645pcm (£7,740pa) and strong payment history, making it attractive for a hands-off landlord.
The apartment retains period character — high ceilings, cornicing and a stone façade — but the interior is described as dated and would benefit from modernization to lift capital value and tenant demand. Practical positives include gas central heating, double glazing, secure entry, factored building maintenance and fast broadband.
Be aware this lot will be sold with the current tenant in situ at the timed online auction on 16 October 2025. The property sits in a mixed Southside neighbourhood close to Queens Park and good transport links, but the immediate area is classified as very deprived, which may influence tenant mix and long-term capital growth.
For investors seeking immediate rental income and a decent gross yield (around 9% at the stated price), this is a low-management opportunity due to the letting agent oversight. Buyers wanting to reposition for higher capital gains should budget for internal refurbishment and consider the implications of a tenanted sale and auction timelines.
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