Station Road, Flat 1

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Station Road, Flat 1

Station Road, Flat 1-2, Shotts, North Lanarkshire ML7
£28,000

Our Summary

  • IDEAL FOR DEVELOPER
  • Larger style one bedroom upper flat set within traditional sandstone building ripe for redevelopment/rental market post works
  • Internal condition requires upgrading throughout
  • AUCTION DATE: 20 March 2025

Description

This one-bedroom upper flat is situated in a traditional sandstone building on Station Road, a main thoroughfare in the town, and is just a 5-minute walk from the train station. The property requires upgrading throughout and has double glazing and gas central heating in need of repair. Despite its current condition, it has large rooms and potential rental income of £450 per month (£5,400 per year), offering a fantastic return on investment. With high tenant demand in the area, this property has the potential to generate a rental yield of 15% based on the opening bid, making it an attractive opportunity for developers.