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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

TENANTED TURN KEY INVESTMENT 2 bedroom modern flat located close to the Bonny Banks of Loch Lomond in Picturesque Balloch. Currently tenanted through professional agent - IDEAL FOR INVESTOR LANDLORD

Comprising internally of Lounge, fitted modern kitchen with appliances, 2 bedrooms and bathroom. RENTAL INCOME of £525 per CALENDAR MONTH (£6300 per ANNUM). INCOME GENERATING FROM DAY ONE.

Further benefits from Electric heating and double glazing. Off road parking. Well maintained communal areas. Former Print works building - Historic setting close to Loch Lomond.

Balloch is a desirable town on the Banks of Loch Lomond within commuting distance of both Paisley and Glasgow. The airport is within a 30 minute drive. Surrounded by some of Scotland's finest scenery.

**COMPARABLE SALES** 2 Bed Riverside Court sold 2024 at £96,000**2 Bed Riverside Court sold 2022 £87,000**2 Bed flat Craiglynn Gardens sold 2021 at £110,700**2 Bed Lochiel Pl sold 2022 at £96,000**

TENANTED TURN KEY INVESTMENT 2 bedroom modern flat located close to the Bonny Banks of Loch Lomond in Picturesque Balloch. Currently tenanted through professional agent - IDEAL FOR INVESTOR LANDLORD. Comprising internally of Lounge, fitted modern kitchen with appliances, 2 bedrooms and bathroom. Further benefits from Electric heating and double glazing. Off road parking. Well maintained communal areas. Former Print works building - Historic setting close to Loch Lomond. RENTAL INCOME of £525 per CALENDAR MONTH (£6300 per ANNUM). INCOME GENERATING FROM DAY ONE. **COMPARABLE SALES** 2 Bed Riverside Court sold 2024 at £96,000**2 Bed Riverside Court sold 2022 £87,000**2 Bed flat Craiglynn Gardens sold 2021 at £110,700**2 Bed Lochiel Pl sold 2022 at £96,000**

Balloch is a most desirable town which blends the world renowned tourism of Loch Lomond and general day to day living with local amenities shopping, schooling and local transport links including bus and rail links to major centres of industry and commerce. The road infrastructure enables commuting to Glasgow city centre and hubs throughout the west of Scotland making this a first class commuter base. Close by are the Lomond Shores retail village plus aquarium and sea life centre. The world famous steamer, the "Maid of the Loch" is laid up close up undergoing upgrading and refit. Loch Lomond itself is one of Scotland's most popular tourist destinations and enjoys a MASSIVE DEMAND for short-term accommodation throughout the year.

Full Address: 1 Riverside Court, Balloch, G83 8LN

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length:
Rent: £6,300 per year / £525 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £65,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 19 September 2024, 10am-3pm
Type: Timed Online Auction

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