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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 3
  • Council Tax: Search

***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 £968pcm (£11,616 per annum).

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.

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.

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.

The properties produce a combined annual rental income of £11,616 giving outstanding return on investment in popular rental spot. Monthly rental are £50pcm, £315pcm and £303pcm (combined- £968pcm).

*SUPER INVESTMENT PORTFOLIO- sold with all certification in place and up to date* There are recent EPC, EICR, Legionella and Gas certificates for all of the properties. ***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 £968pcm (£11,616 per annum). Flat A : 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. Approx. Room Sizes; Entrance Vestibule 1.10m x 1.00m. Lounge/Kitchen 4.50m x 3.90m. Bedroom 3.33m x 3.09m. Bathroom 2.76m x 2.43m. Flat B: First Floor Flat, Entrance Vestibule, Open plan Lounge / kitchen with breakfast bar area, Bedroom & Family bathroom. Double Glazing, Gas Central heating & recently carpeted throughout. Realistic Rental Potential £395PCM (£4,740 Per Annum). Approx. Room Sizes; Entrance Vestibule 1.11m x 1.02m. Lounge 3.81m x 3.38m. Kitchen 2.95m x 2.00m. Bedroom 5.38m x 1.60m. Bathroom 2.85m x 1.87m. Flat C: Attic Flat, Landing area leading to Lounge / Kitchen, Bathroom and Bedroom with built in wardrobe. Newly carpeted and ample storage space throughout. ** Realistic Rental Potential £395PCM (£4,740 Per Annum). Approx. Room Sizes; Lounge 4.30m x 3.60m. Kitchen 3.50 x 1.75m. Bathroom 2.00m x 1.70m. Bedroom 4.35m x 2.45m. Local Sales Evidence; 11 Hanover Street, Stranraer, DG9 7SB previously SOLD for £66,000*** 4 Hanover Street, Stranraer, DG9 7RZ previously SOLD for £79,000*** 77 Hanover Street, Stranraer previously SOLD for £99,000***

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 7RS

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: long-term
Rent: £11,616 per year / £968 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: various leases.

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Pricing Information & Bidding

Opening Bid: £72,000

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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: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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