OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeHouse
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 34 Caithness Road, Greenock, PA16 0HE

**SUPER INVESTMENT PROPERTY** Large 2 bedroom end of terrace house in popular residential location within the costal town of Greenock with tenant in place giving immediate rental income of 475pcm.

IMMEDIATE INCOME PRODUCING INVESTMENT with settled long-term, with excellent payment history paying 5,700 per annum. This is low rent for property of this type with potential for 550pcm in the future.

RECENT SALES: 42 Caithness Road, Greenock, 97,000- Dec 2019 9 Caithness Road, Greenock, 92,229- Jun 2019 **EXCELLENT CAPITAL GROWTH POTENTIAL**

EXTRMELY POPULAR RENTAL LOCATION making this an ideal addition to any investment portfolio. Property will be sold with tenant in place. Tenant has indicated a willingness to stay long-term.

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 Clyde Coast and offers excellent transport links across the west of Scotland.

**SUPER INVESTMENT PROPERTY** Large 2 bedroom end of terrace house in popular residential location within the costal town of Greenock with tenant in place giving immediate rental income of 475pcm. IMMEDIATE INCOME PRODUCING INVESTMENT with settled long-term, with excellent payment history paying 5,700 per annum. This is low rent for property of this type with potential for 550pcm in the future. RECENT SALES: 42 Caithness Road, Greenock, 97,000- Dec 2019 9 Caithness Road, Greenock, 92,229- Jun 2019 **EXCELLENT CAPITAL GROWTH POTENTIAL** EXTRMELY POPULAR RENTAL LOCATION making this an ideal addition to any investment portfolio. Property will be sold with tenant in place. Tenant has indicated a willingness to stay long-term. The photographs were taken prior to tenant moving in and property is let on an unfurnished basis.

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 and the West coast of Scotland. West Princes Street is one of the principle retail streets within Greenock town centre and lies close to the town's main shopping centre, The Oak Mall. Prime access on main parade for West Stewart Street with bus stand directly outside the premises

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: 5,700 per year / 475 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £52,000

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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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