Income-producing two-bed flat with long-term tenants and refurbishment upside.
Freehold two-bedroom flat, approximately 614 sq ft
Currently tenanted, producing £8,340 gross annually
Approximate gross yield ~9% at £93,000 asking price
Private rear garden; on-street parking only
Living room and interiors dated; refurbishment likely to add value
Located in a very deprived area — supports rental demand, higher management needs
Excellent mobile signal and fast broadband
Buyers Premium applies; factor additional sale costs
A two-bedroom flat on Tollcross Road offered with long-term tenants in place, presenting a straightforward buy-to-let addition or portfolio acquisition. The property is freehold, totals approximately 614 sq ft and currently produces a gross annual income of £8,340, giving an approximate gross yield of about 9% at the asking price of £93,000. The flat includes a rear private garden, on-street parking and reliable digital connectivity (excellent mobile, fast broadband).
Accommodation is traditional in layout with a lounge, kitchen, two bedrooms and a three-piece bathroom. The building is a brick tenement-style block typical of the area; the living room shows dated fittings and would benefit from modernization, which creates clear scope to increase rental value through targeted investment. There is no flood risk recorded.
Location factors affect investment risk and return: the area is classified as very deprived, and local demographics indicate hard-pressed flat dwellers. Those conditions can support rental demand and yield but also bring management challenges and potentially higher turnover or support needs. A buyer should review the Let Property Pack and tenancy documentation carefully — current tenants are long-standing and intend to remain.
Note the sale includes a Buyers Premium to secure purchase — factor this and any refurbishment costs into your offer and projected returns. This listing is aimed at investors or developers seeking an income-producing unit with short-term value-add potential.