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Description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- Bedrooms: 2
- Council Tax:
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PERFECT BUY-TO-LET INVESTMENT*** LARGE two bedroom ground floor flat located within residential area of Port Glasgow. IMMEDIATE RENTAL INCOME OF £6,000 PER ANNUM.
Two bedroom ground floor flat currently LET at £500pcm (£6,000 Per Annum) HUGE RETURN ON INVESTMENT*** in HIGH TENANT DEMAND LOCATION.
Local Sales Evidence; 86, Mackie Avenue, Port Glasgow, Renfrewshire PA14 5AY previously SOLD for £50,000 in October 2023***
Port Glasgow is ideally situated for commuters. The property is close to local amenities and the retail park. Port Glasgow railway station offers frequent service to Glasgow.
The M8 motorway network is nearby providing easy access for road travel to Glasgow and the surrounding areas. Excellent bus and rail links which is ideal for commuters.
PERFECT BUY-TO-LET INVESTMENT*** LARGE two bedroom ground floor flat located within residential area of Port Glasgow. IMMEDIATE RENTAL INCOME OF £6,000 PER ANNUM.
Two bedroom ground floor flat currently LET at £500pcm (£6,000 Per Annum) HUGE RETURN ON INVESTMENT*** in HIGH TENANT DEMAND LOCATION.
Local Sales Evidence; 86, Mackie Avenue, Port Glasgow, Renfrewshire PA14 5AY previously SOLD for £50,000 in October 2023***
Port Glasgow is ideally situated for commuters. The property is close to local amenities and the retail park. Port Glasgow railway station offers frequent service to Glasgow.
Port Glasgow has undergone considerable rejuvenation in the last few years with supermarkets, shopping facilities and high quality residential housing developments all recently completed. The M8 motorway network is nearby providing easy access for road travel to Glasgow and the surrounding areas. Excellent bus and rail links which is ideal for commuters.
Big brand shopping is less than a 5-minute walk away at Gallagher Retail Park boasting Tesco, M&S, Next, TK Maxx, B&Q and many others including restaurants. The Oak Mall Shopping Centre in Greenock, Piazza Shopping Centre and Linwood Retail Park in Paisley provide further options.
Full Address: 50 Mackie Avenue, Port Glasgow, PA14 5AY
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Tenancy Details
Type of Agreement: Basic Lease
Length:
Rent: £6,000 per year / £500 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes: £500pcm
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Pricing Information & Bidding
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 March 2025, 10am-3pm
Type: Timed Online Auction
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