Summary - KINGSTON QUAY CONCIERGE, 240, WALLACE STREET G5 8AS
2 bed 1 bath Flat
Income-ready two-bed flat with tenants in place and uplift potential.
Current gross rent £10,800 pa; potential increase to ~£11,940 pa
Tenants in situ with long tenancy and reliable payments
Third-floor flat with lift access and expansive lounge
Ensuite shower room; two double bedrooms
Communal off-street parking included
Approx 710 sq ft; traditional layout, good natural light
Tenure not specified — buyer needs to confirm legal status
Area classified as very deprived; Buyers Premium applies
Set on Wallace Street in Kingston Quay, this third-floor two-bedroom flat offers a straightforward buy-to-let entry in central Glasgow. The apartment has generous room proportions, an ensuite, lift access and communal off-street parking, and sits within a modern building with large windows and good natural light. Current tenants are in situ and have a long-standing payment record, providing immediate rental income.
The property currently produces a gross annual rent of £10,800 with a realistic uplift to circa £11,940 at market rates, making it an income-ready purchase for investors. The flat totals about 710 sq ft, with a traditional internal layout and easy access to public transport, shops and student/commsutor amenities — factors that support steady demand from renters.
Buyers should note a number of material points: the tenure is not specified, the surrounding area is classified as very deprived which may affect long-term capital growth, and a Buyers Premium will apply on sale. These are important considerations alongside the positive yields and tenant stability when assessing total return.
Overall this is a practical, let-ready investment that suits investors or developers seeking an income-producing city flat with scope to increase rent and hold under existing tenancy, subject to confirming tenure and sale costs.
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