Timed Online Auction

23 April 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 6
  • Council Tax Search SAA

Description

Full Address:  Central Belt Portfolio, Strathaven, ML10 6JZ

Prime opportunity for buy to let investor. Portfolio of 4 tenanted properties in the West of Scotland with combined rental income of 16,800 per annum giving excellent return on investment. IMMEDIATE INCOME PRODUCING OPPORTUNITY

19B Thomson St, Strathaven, ML10 6JZ 1 bed first floor flat tenanted at 3,600.00 43 Ashmark Avenue, New Cumnock, KA18 4EU, 2 bed ground floor flat tenanted at 3,900.00 p.a 76 John Finnie St, Kilmarnock, KA1 1BS 3 bed flat tenanted at 5,400.00 3/1 58 Ann St, Greenock, PA15 4EP, 2 bed 3rd floor flat tenanted at 3,900.00

Diverse portfolio with 2x 3 bedroom properties, 1x 2 bedroom and 1x 1 bedroom all located in EXTREMELY HIGH DEMAND RENTAL LOCATIONS within the Scottish Central belt.

HIGH YIELDING INVESTMENT WITH IMMEDIATE RENTAL INCOME OF 16,800 PER ANNUM with realistic potential for a total rental of over 27,000 when let to full potential.

REALISTIC RENTAL POTENTIALS: Ashmark Avenue, New Cumnock- 5,400 (450pcm) 19b Thomson Street, Strathaven- 5,100 (425pcm) 58 Ann Street, Greenock- 5,400 (450pcm) 76 John Finnie St, Kilmarnock- 6,000 (5,00pcm)

Prime opportunity for buy to let investor. Portfolio of 4 tenanted properties in the West of Scotland with combined rental income of 16,800 per annum giving excellent return on investment. IMMEDIATE INCOME PRODUCING OPPORTUNITY 19B Thomson St, Strathaven, ML10 6JZ 1 bed first floor flat tenanted at 3,600.00 43 Ashmark Avenue, New Cumnock, KA18 4EU, 2 bed ground floor flat tenanted at 3,900.00 p.a 76 John Finnie St, Kilmarnock, KA1 1BS 3 bed flat tenanted at 5,400.00 3/1 58 Ann St, Greenock, PA15 4EP, 2 bed 3rd floor flat tenanted at 3,900.00 Diverse portfolio with 2x 3 bedroom properties, 1x 2 bedroom and 1x 1 bedroom all located in EXTREMELY HIGH DEMAND RENTAL LOCATIONS within the Scottish Central belt. HIGH YIELDING INVESTMENT WITH IMMEDIATE RENTAL INCOME OF 16,800 PER ANNUM with realistic potential for a total rental of over 27,000 when let to full potential. REALISTIC RENTAL POTENTIALS: Ashmark Avenue, New Cumnock- 5,400 (450pcm) 19b Thomson Street, Strathaven- 5,100 (425pcm) 58 Ann Street, Greenock- 5,400 (450pcm) 76 John Finnie St, Kilmarnock- 6,000 (5,00pcm)

According to a 2020 survey carried out by Zoopla: Ayrshire and Inverclyde are considered to be 2 of the top 3 buy to let investment areas in the whole of the UK . 3 of the 4 properties in this portfolio are located within these council areas with the 4th property located in Strathaven, one of the West of Scotland's most affluent market towns.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: 16,800 per year / 1,400 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Professionally managed

Document Downloads

HOME REPORT (Pending) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £141,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 23 April 2021, 10am-4pm
Type: Timed Online Auction

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