OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address:  Overburn Terrace, 4 Lock Up Garages, Dumbarton, G82 2AG

Portfolio of Four tenanted brick built lock up garages located within a densely populated residential area within the centre of Dumbarton. Located off the

Close to Train Station and town centre. Rental £4,000 per annum. This area is known for itís shortage of available parking for residents. Self contained row of detached garages.

Located in the heart of Dumbarton. Ideal for investors or for owner occupiers to keep car or for affordable secure storage in popular location.

Potential opportunity to purchase all 4 garages in this block offering development potential in sought after location.

This is a rarely available opportunity to acquire within a densely populated district in sought after Dumbarton close to Loch Lomond***Close to shops & Main Road Network***

SUPER INVESTMENT OPPORTUNITY. Rarely available single-storey garage located within densely populated residential area within the centre of Dumbarton. Perfect for investment or owner-occupation. Ideal for owner occupiers in the locale vicinity***Close to Train Station and town centre***Estimated rental Potential: £2400 per annum***This area is known for itís shortage of available parking***Rare Opportunity Rare opportunity in the heart of Dumbarton. Ideal for investors or for owner occupiers to keep car or for affordable secure storage in popular location. Potential opportunity to purchase all 4 garages in this block offering development potential in sought after location. This is a rarely available opportunity to acquire within a densely populated district in sought after Dumbarton close to Loch Lomond***Close to shops & Main Road Network***

Dumbarton town centre offers local and High Street names as well as excellent entertainment and recreational facilities. Within walking distance are Marks & Spencer, Morrisons and Asda superstores. Public transport and rail links are within easy commuting distance as are primary and secondary schooling including the private and sought after Lomond School, situated within Helensburgh. Fantastic location: Near to amenities and transport links. High professional demand, sought after district with strong tenant demand. Dumbarton East & Dumbarton Central train stations are readily accessible giving easy access to Glasgow & the picturesque West Coast of Scotland. Great Price. Dumbarton provides excellent amenities with local shops and high street shopping at the nearby St James retail park with regular rail and bus services to Glasgow City Centre, Glasgow International Airport is approximately a 20-30 minutes drive via the A82 which also provides road access to Glasgow, The Trossachs and Loch Lomond National Park, an area of outstanding beauty incorporating the world renowned and most prestigious Loch Lomond Golf Club.

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Tenancy Details

Type of Agreement: Basic Lease
Length: Annual
Rent: £4,000 per year / £333 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £19,000

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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