NEW DEADLINE for OFFERS - Friday 14 August 2020 at 5pm - Submit Offer Now >>

Lot 16

61A Stirling Street, Alva, FK12 5ED

Guide Price: £50,000

Tenanted Freehold Flat Offer Now Available



Map & Location Pricing Floor Plan Auction Details


Key Features:

PRIME INVESTMENT PROPERTY. 2 Bedroom flat located in the stunning village of Alva, located in the Ochil Hillfoots. IMMEDIATE INCOME PRODUCING INVESTMENT- Long term tenant paying £4,620 per annum.


  • **PROPERTY PURCHASED FOR £83,000** Low guide for guaranteed auction sale. LONG TERM TENANT WITH IMMACULATE PAYMENT HISTORY- NEVER MISSED A PAYMENT. Local business owner.
  • Settled, long-term tenant in place since Jan 2014 paying a reduced rent of £385pcm. REALISTIC RENTAL POTENTIAL OF up to £550pcm (£6,600 per annum) within high demand location close to Stirling Uni.
  • Comprises lounge, dining/kitchen, bathroom and 2 double bedrooms. Double Glazing. Private parking in a gated rear courtyard with private double garage. PERFECT BUY TO LET PROPERTY with immediate income
  • RECENT SALES: 61b Stirling Street, Alva. 07 Nov 2019- £68,000 5 Courthill, Alva, 2 bed, £72,000- May 2020 30, Henry Street, Alva, 2 bed, £95,000- Mar 2020


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
Council Tax

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Tenancy Details:


Type of Agreement Short Assured Tenancy (SAT)
Length rolling since 2014
Rent £4,620 per year / £385 per month
Yield 9.2% (at guide price)
Tenant Private Individual
Notes: excellent payment history. Long-term tenant with no missed/ late payments

Full Details:

PRIME INVESTMENT PROPERTY. 2 Bedroom flat located in the stunning village of Alva, located in the Ochil Hillfoots. IMMEDIATE INCOME PRODUCING INVESTMENT- long term tenant paying £4,620 per annum. **PROPERTY PURCHASED FOR £83,000** Low guide for guaranteed auction sale. LONG TERM TENANT WITH IMMACULATE PAYMENT HISTORY- NEVER MISSED A PAYMENT. Local business owner. Settled, long-term tenant in place since Jan 2014 paying a reduced rent of £385pcm. REALISTIC RENTAL POTENTIAL OF up to £550pcm (£6,600 per annum) within high demand location close to Stirling Uni. Comprises, lounge, dining/kitchen, bathroom and 2 double bedrooms. Double Glazing. Private parking in a gated rear courtyard with private double garage. RECENT SALES: 61b Stirling Street, Alva. 07 Nov 2019- £68,000 5 Courthill, Alva, 2 bed, £72,000- May 2020 30, Henry Street, Alva, 2 bed, £95,000- Mar 2020 Lounge (with Box bay to front street) 3.6m x 3.6m Kitchen (window to front street) 5.77m x 2.74m (at widest point) Bedroom 1 (window to front street) 3.33m x 3.35m Bedroom 2 (window to rear courtyard) 3.05m x 3.1m (to face of BIW) Bathroom (internal) 2.57m x 1.9m

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Guide Price: £50,000 - Offer Now


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:


Alva is a traditional hill foots village nestled beneath the vast Ochil Hills. Stirling Street ideally located with various amenities nearby including leisure community activities, retail, schooling and various other public services. Benefits from its nearby proximity to major road and rail networks providing links to Alloa, Falkirk, Glasgow and Edinburgh and throughout central Scotland. Property would make for Ideal Family home with it placed just moments away from Alva Primary School. Located a short walk from the town centre where all local amenities are available.

Viewings:


Internal Viewings...


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External Viewings Anytime...


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. We advise all interested parties to follow social distancing rules for safety and to wear appropriate PPE when visiting properties.

Plans:

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Auction Details:



  • Auction Date...

    14 August 2020, 5pm


  • Auction Location...

  • Deadline for Offers


How To Bid:


Offer Now...

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.