Timed Online Auction

12 March 2021, 10am-4pm

Bidding Closes in

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 5
  • Council Tax Search SAA

Description

Full Address: 18A and 18B Cumberland Road, Greenock, PA16 0TW

Portfolio of TWO FLATS in central Greenock location. Great spot beside Inverclyde Academy and Inverclyde Royal Hospital. Branchton train station walking distance

Flat 18A Cumberland Road is a THREE BEDROOM FLAT. The property is currently rented at 399 per month - 4,788 per annum. COMPRISES: Hallway, lounge, kitchen, three bedrooms and bathroom

FLAT 18B Cumberland Road is a TWO BEDROOM FLAT. The property is currently rented at 299 per month - 3,588 per annum. COMPRISES: Hallway, lounge, kitchen, two bedrooms and bathroom

Currently rented at a combined rental of 698 per month 8,376 per annum. SALE: 40 Cumberland Road, Greenock, PA16 0TW - 67,500. 116, Cumberland Road, Greenock, PA16 0TW - 60,000

HIGH DEMAND RENTAL LOCATION close to a number of local amenities and major transport links. Established schooling at both primary and secondary level within immediate vicinity

Portfolio of TWO FLATS in central Greenock location. Great spot beside Inverclyde Academy and Inverclyde Royal Hospital. Branchton train station walking distance. Fantastic buy-to-let location due to proximity to hospital and local High School. Transport links via the A78 provide access to the town centre in the north and south to Inverkip and Largs. SALE: 110, Cumberland Road, Greenock, PA16 0TW - 80,000. 46, Cumberland Road, Greenock, PA16 0TW - 50,000. Flat 18A Cumberland Road is a THREE BEDROOM FLAT. The property is currently rented at 399 per month - 4,788 per annum (Tenancy Details and Lease details un-verified by auctioneers). COMPRISES: Hallway, lounge, kitchen, three bedrooms and bathroom. FLAT 18B Cumberland Road is a TWO BEDROOM FLAT. The property is currently rented at 299 per month - 3,588 per annum. COMPRISES: Hallway, lounge, kitchen, two bedrooms and bathroom

Greenock is situated approximately 23 miles West of Glasgow. Near to major regional and national employers, excellent local amenities *** Buy to Let Investment Opportunity *** Greenock is a historic town set upon the banks of the River Clyde. Central location near town Centre. Greenock has a wide range of local amenities including high-street shopping with several supermarkets. There is established schooling at both primary and secondary levels. The A8 and M8 road network connects Inverclyde to Renfrewshire, Glasgow International Airport and Glasgow City Centre. Ideal Buy to Let Investment property in high rental demand district

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length: Annual
Rent: 8,376 per year / 698 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Currently rented at a combined rental of 698 per month 8,376 per annum. Tenancy Details and Lease details un-verified by auctioneers

Document Downloads

HOME REPORT (Pending) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £60,000

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 = 1.25% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 12 March 2021, 10am-4pm
Type: Timed Online Auction

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