Timed Online Auction

18 June 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Vacant
  • Bedrooms 3
  • Council Tax Search SAA

Description

Full Address:  Portfolio of 6 Flats, Auchmead Road and Oxford Road , Greenock, PA16 0LN

Excellent Opportunity to purchase Portfolio of 6 THREE bedroom flats located close to Greenock Town centre. Ideal investment in EXTREMELY POPULAR RENTAL LOCATION.

Flat 191a Auchmead Road is currently let at 349pcm (4,188 per annum). Flats 191b , 191a Auchmead Road and 1a, 1b and 1c are currently vacant. High Yield potential - Excellent Investment Opportunity

Realistic Rental potential per flat - 350 - 400pcm (4,200 - 4,800 per annum) combined rental potential of 2,100 - 2,400pcm (25,200 - 28,800 per annum) FANTASTIC rental return when fully let.

Ideal Rental Location within Greenock just minutes to the town centre and amenities. Only short walk to Branchton Train Station.

The town of 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.

Excellent Opportunity to purchase Portfolio of 6 THREE bedroom flats located close to Greenock Town centre. Ideal investment in EXTREMELY POPULAR RENTAL LOCATION. Portfolio comprises; 1A,1B,1C Oxford Road, Greenock + 191A, 191B, 191C Auchmead Road. Communal parking to the rear. Portfolio of 6x 3 bedroom flats. POTENTIAL ANNUAL RENTAL INCOME OF OVER 25,200 when fully occupied giving MASSIVE RETURN ON INVESTMENT within extremely popular rental location. Flat 191a Auchmead Road is currently let at 349pcm (4,188 per annum). Flats 191b , 191a Auchmead Road and 1a, 1b and 1c are currently vacant. High Yield potential - Excellent Investment Opportunity. Realistic Rental potential per flat - 350 - 400pcm (4,200 - 4,800 per annum) combined rental potential of 2,100 - 2,400pcm (25,200 - 28,800 per annum) FANTASTIC rental return when fully let. Ideal Rental Location within Greenock just minutes to the town centre and amenities. Only short walk to Branchton Train Station. The town of 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.

Greenock is situated approximately 23 miles west of Glasgow with a resident population of approximately 50,000. Greenock is a historic town set upon the banks of the River Clyde world renowned for shipping, sea faring mariners and of course its ship yards and nautical endeavours of yester year. Now it is a vibrant west coast town close to numerous centres of commerce and industry whether it be the Ayrshire coast or indeed Glasgow. Easy access across Scotland towards Edinburgh, the Highlands and further afield via excellent roads, including the M8 Motorway network and ferries. Excellent transport links to Gourock, Largs & the West coast of Scotland.

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Location

Pricing Information & Bidding

Opening Bid: £153,000

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 = 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: 18 June 2021, 10am-4pm
Type: Timed Online Auction

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