Flat for sale in Willowpark Court, Airdrie ML6

Tenanted 2 bedroom property investment opportunity in Airdrie. This ground floor buy-to-let is located within a well kept modern development and comprises a hall, open plan living room and kitchen, bathroom with electric shower and 2 bedrooms. The property benefits from double glazing, gas central heating, residents parking, and being fully compliant for the rental market.

The property is being sold with the tenants in situ as a buy-to-let investment property. The property is fully compliant and the tenant has been resident since June 2015 providing rental income on day 1 of purchase. The current tenancy generates an annual rental income of £6,300 representing an immediate yield of 7.9% with the rent due to increase to £575pm from September increasing the yield to 9.2%. There is scope to increase the yield for a future tenancy to 11%. The property is sold as seen and the sale price includes all the inventory items. The Home Report value is £80K. The building has a factoring charge of approximately £300pa.

Airdrie is a town in North Lanarkshire, situated under 16 miles from Glasgow city centre. It has a long and rich local history and is now a popular choice to live for families and professionals alike, with its swift access to Glasgow and Edinburgh city centres, West Lothian, and further afield appealing to commuters. The town has two train stations (Airdrie and Drumgelloch), with services to Bathgate taking as little as 18 minutes, Glasgow Queen Street taking 23 minutes, and Edinburgh reachable in 43 minutes. Airdrie is home to excellent amenities including several major supermarkets, high street stores, independent retailers, a Post Office, hairdressers, barbers, and beauty salons, as well as a range of cafés, coffee shops, bars, restaurants, and takeaways. For the active type, Airdrie Leisure Centre offers a gym, fitness classes, games halls, sports pitches, and athletics facilities, with the John Smith Pool featuring a swimming pool, sauna, steam room, and a gym. Additional fitness facilities, sports groups, and classes are available in the town, ensuring there is something for everyone. The Timpe Capsule in neighbouring Coatbridge offers an indoor waterpark, an ice rink, and a soft play. The area is also home to wonderful outdoor spaces, with the town itself enjoying a number of parks and Drumpellier Country Park a short drive away. Airdrie also has its own professional football team, Airdrieonians fc, whose home ground is Excelsior Stadium in the town. Airdrie offers schooling from nursery to secondary level within the town, with further education available at nearby Coatbridge’s New College Lanarkshire campus, and of course Glasgow and Edinburgh’s many excellent choices. Independent schools can also be found nearby and in both cities. As well as excellent rail services, the town benefits from regular buses connecting across the county and beyond, and major road links make travelling by car fast and efficient.