NEW DEADLINE for OFFERS - Friday 17 July 2020 at 5pm - Submit Offer Now >>
Traditional 1 Bedroom Second Floor Flat within the popular Clune Park Estate. Rental Potential circa £350 per month (£4,200 per annum) ***MASSIVE 60% YIELD*** at current guide price.
- COMPRISES: Entrance Hallway: 3.5m x 3m . Lounge: 5.5m x 3.5m. Bedroom: 3.5m x 3.5m. Kitchen: 2m x 2.4m. Bathroom: 2m x 2m
- Sales Evidence: 15 Robert Street, Port Glasgow, PA14 previously SOLD for £23,000*** 13 Robert Street, Port Glasgow, PA14 previously SOLD for £24,000***
- Property is fully stripped and ready for refurbishment. Sure to appeal to builders and investors looking for easy, ready to go project
- The town of Port Glasgow is currently undergoing extensive waterfront development and is a popular investment location with high yield potential.
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Full Details:An excellent opportunity to purchase this exceptionally spacious, traditional, one bedroom, 2nd floor flat. The property has been fully stripped and prepped ready for refurbishment. Fantastic potential to convert to a two bedroomed property, subject to the necessary consents. Set in the sought-after area of Port Glasgow which is currently undergoing a 400 million investment and extensive waterfront re-development as part of the Inverclyde Council Clune Park Regeneration Plan bringing 2,500 new jobs to the area. This is consequently a very popular investment location with a HIGH YEILD POTENTIAL of 60% AT £350 PER MONTH (£4,200 per annum). Popular commuter location with excellent transport links to Glasgow, Inverclyde and Ayrshire via the A8/M8 motorway network. COMPRISES: Entrance Hallway: 3.5m x 3m Access to all rooms with large walk in storage cupboard and separate fully shelved press cupboard Lounge: 5.5m x 3.5m Spacious, front facing bright living room with high ceilings and laminate flooring throughout. Bedroom: 3.5m x 3.5m Front facing bright room with two built in cupboards/wardrobes Kitchen: 2m x 2.4m Bright, front facing room with large window. Prepped ready for refurbishment Bathroom: 2m x 2m Spacious 3 piece white bathroom suite at rear of property with large airing cupboard Shared Rear Gardens and ample on street parking available. We understand that this property lies within the Clune Park Regeneration plan and purchasers are advised to satisfy themselves as to any ongoing progress with the plans via the Inverclyde Council. https://www.inverclyde.gov.uk/housing/regeneration-of-clune-park/clune-park-regeneration-plan. A number of properties are subject to demolition and closing orders within the development. We understand from our enquiries that this property is not subject to either notice however purchasers are advised to verify all up to date information with the Inverclyde Council prior to purchasing under auction terms. Within the Clune park estate there's six buildings are currently subject to active demolition orders.
Request More Details:
MORE INFORMATION LEGAL DOCS & HOME REPORTS
What is a Guide Price...Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Offer Now Explained...You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Map & Location:
The seaside town of Port Glasgow is benefiting from a £400 million investment & regeneration project bringing 2,500 new jobs and 530,000 sq. ft. of new business accommodation to the area. Popular rental location close to Port Glasgow train station and within easy reach of Greenock town centre amenities & The Waterfront leisure complex. We understand that this property lies within the Clune Park Regeneration plan and purchasers are advised to satisfy themselves as to any ongoing progress with the plans via the Inverclyde Council - https://www.inverclyde.gov.uk/housing/regeneration-of-clune-park/clune-park-regeneration-plan
Due to Government advice on COVID-19 no viewings are currently possible. We advise all interested parties to follow social distancing rules for safety.
Plans:Click Image To Enlarge
17 July 2020, 5pm
Deadline for Offers