Development Opportunity
We are delighted to offer to the market this exciting development project located just off Alexandra Parade in the continually popular East End of Glasgow. The property is situated on the top floor of a traditional tenement block within a well-maintained factored close and is in need of full refurbishment throughout and, in turn, offers a fantastic opportunity to add massive value. The current accommodation comprises large rooms to the front and back of the property, both with alcoves off which allows a flexibility of options as to end configuration, and also a bathroom. The attractive Guide Price already offers a discount of almost 29%, and the potential post-works value is sure to create a clamour of interest from developers and investors looking to undertake the work for significant margin gain through resale or to retain for attractive rental yield. This is one not to be missed.
Home Report £35,000
Exciting development project
Massive 29% saving against Home Report valuation
Popular and convenient East End of Glasgow location
Flexible end configuration options
Attractive margin gain through post-works value
Strong potential rental yield
Area
The property offers convenient access to local services on Cumbernauld Road and Alexandra Parade with a greater range of retail facilities available at the Forge Retail Park which has an Asda Superstore. Local bus and rail links provide easy access to Glasgow city centre and surrounding areas and the M8 motorway is within one mile of the property.
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