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Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Tenanted

***IMMEDIATE INCOME PRODUCING INVESTMENT*** Portfolio of 3 x tenanted properties located in the same building. Rental income of £985pcm (£11,820pa / 14.75% yield against current guide price

19A : First Floor flat, Entrance Vestibule, Lounge / Kitchen, Bedroom and Bathroom. Gas Central Heating and new double glazed windows. Sold with settled long-term tenant in place. Rent £320 pm

19B: First Floor Flat, Entrance Vestibule, Open plan Lounge / kitchen with breakfast bar area, Bedroom & Family bathroom. Double Glazing, Gas Central heating, recently carpeted throughout. Rent £315pm

19C: Attic Flat, Landing area leading to Lounge / Kitchen, Bathroom and Bedroom with built in wardrobe. Newly carpeted and ample storage space throughout. Sold with long-term tenant. Rent £350pm.

The properties produce a combined annual rental income of £11,820 giving outstanding return on investment in popular rental spot. Monthly rental are £320pcm, £315pcm and £350pcm (combined- £985pcm).

***IMMEDIATE INCOME PRODUCING INVESTMENT*** Portfolio of 3 x tenanted properties located in the same building within the popular port town of Stranraer*** ***Rental income of £985pcm (£11,820pa / 14.75% yield against current guide price*** ***19A : First Floor flat, Entrance Vestibule, Lounge / Kitchen, Bedroom and Bathroom. Gas Central Heating and new double glazed windows. Sold with settled long-term tenant in place. Rent £320 pm*** ***19B: First Floor Flat, Entrance Vestibule, Open plan Lounge / kitchen with breakfast bar area, Bedroom & Family bathroom. Double Glazing, Gas Central heating, recently carpeted throughout. Rent £315pm*** ***19C: Attic Flat, Landing area leading to Lounge / Kitchen, Bathroom and Bedroom with built in wardrobe. Newly carpeted and ample storage space throughout. Sold with long-term tenant. Rent £350pm*** ***The properties produce a combined annual rental income of £11,820 giving outstanding return on investment in popular rental spot. Monthly rental are £320pcm, £315pcm and £350pcm (combined- £985pcm)***

Stranraer lies on the shores of Loch Ryan on the northern side of the isthmus joining the Rhins of Galloway to the mainland. Stranraer is Dumfries and Galloway's second largest town with a population including the surrounding area of nearly 13,000. Stranraer is an administrative centre for the West Galloway area of Dumfries and Galloway. The Town was the main ferry port connecting Scotland with Belfast and Larne in Northern Ireland. However, the main industries in the area are the ferry port, with associated industries, tourism and, more traditionally, farming. Stranraer railway station is the southern terminus for one of the branch lines of the Glasgow South Western Line. Trains link to Ayr, Glasgow Central, and Kilmarnock.

Full Address:  Portfolio of 3 Tenanted Properties, Hanover St, Stranraer, DG9 7SB

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: £11,820 per year / £985 per month
Yield: 18% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £64,000

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: 06 February 2025, 10am-3pm
Type: Timed Online Auction

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