A comfy investment opportunity in Glasgow

Oct. 3, 2014 - PRLog -- Comfy Scotland have developed a successful business over the past 14 years in property letting and more recently self catering holiday rentals, but now in a bid to raise capital for other ventures the business has to sell it's longest serving poperty.

61 Bernard Terrace in Glasgow has been with the owner for 13 years, and in that time has only spent 6 weeks without tenants. The large, comfortable maisonette has 3 double bedrooms, 1 single bedroom, 1 study, a family bathroom, a downstairs w/c, a large open plan living/dining area and a good size fitted kitchen. There is electric storage heating and double glazing throughout, and security entry and off street parking for residents. Already a good size the flat also has generous loft space.

The building has just been rendered with a 15 year guarantee, and similarly the whole area surrounding the flat has been extensively upgraded with a great deal of investment for the commonwealth games. The flat lies only a few hundred yards from the new Emirates Arena.

While this flat in particular has been rented out long term most of the time, it was rented as a self catering unit for the games in the summer of 2014, fetching £5,500 for the two weeks.

"Its a great spot," said Michael Forbes of Comfy Scotland, "and we have never had a problem getting it rented out, even as a holiday let. It's only 15 minutes walk into Merchant City, or 1 stop on the low level train which is very close by. The local area has changed drastically in the past 3 years and there are plenty of bars, restaurants, shops and activities within easy walking distance. Glasgow Green is also only 5 minutes walk from the door, and a new cycle path leads right from the front of the building to the city centre. With the increasing demand for self catering units as a cheaper alternative to hotels, the fact that the flat can sleep 7 comfortably without using any extra beds was a big selling point."

The flat is ready to go to a new owner with existing furnishings if desired for further renting. With an HMO the flat could fetch around £1,200 per month.

The home report is available now to potential buyers, shows a valuation of £100,000 and has no category 3 repairs needed.

The seller is open to offers of around £100,000