Buy to Sell in Glasgow, Quick Exit

The proposed strategy is to acquire the property, complete the planned improvement works and sell it on the open market. The projected return depends on purchase terms, delivery costs, programme timing and the achieved resale value.
This deal is suitable for hands on investors who like to take lead in their projects.
This property has a quick exit potential, suitable for investors who are looking to do shorter projects.

An interesting opportunity to secure a rare main door 1-bedroom flat in the ever popular Cathcart area, the next 'a-la'mode' area of South Side Glasgow. This hands on project is a manageable scope which would allow for a quick exit, whilst also offering the option to add value (improve layout) to maximise resale value. Similar tenement flat in this high-demand area sold over £155k in the last 12 months.

Key Highlights:
- 58 sq m, flexible layout with hidden value (kitchen extension\open plan)
- Full kitchen and bathroom renovation and cosmetic upgrade in the other rooms
- Cash or mortgage options, EPC: C

Financial Information
Current value: £120,000
Purchase price: £105,000
Purchase costs: £39,150
Refurb/works cost: £22,000
Sourcing fee: £3,000
GDV: £160,000
Profit once sold: £15,815
ROCE (%): 25%
Investment required: £62,235