BIDDING OPENS in...

Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

***Well presented tenanted 2 upper flat within popular residential location***Double glazing and gas central heating***

***The property comprises, entrance hallway, lounge, kitchen, 2 bedrooms and bathroom. Included within the sale is a separate garage located nearby*** Double glazing and gas central heating***

***Fantastic turnkey investment opportunity, established tenant paying £625 pm / £7,500 pa which represents a strong yield of 10.7% against current guide price***

***Turnkey investment property***Established tenant***Professionally managed by letting agent for hands free investment***

***Recent sales evidence: 9 Poolewe Drive, December 2024- £99,495 15 Poolewe Drive, September 2023- £91,164*** Solid immediate equity if bought around guide price***

***Well presented 2 bedroom upper flat within popular residential location*** ***The property comprises, entrance hallway, lounge, kitchen, 2 bedrooms and bathroom. Included within the sale is a separate garage located nearby*** ***Fantastic turnkey investment opportunity, established tenant paying £625 pm / £7,500 pa which represents a strong yield of 10.7% against current guide price*** ***Turnkey investment property***Established tenant***Professionally managed by letting agent for hands free investment*** ***Agent states rent is paid up to date with no arrears*** ***Recent sales evidence: 9 Poolewe Drive, December 2024- £99,495 15 Poolewe Drive, September 2023- £91,164*** Solid immediate equity if bought around guide price*** ***Images shown are provided at the beginning of the tenancy, we can give no guarantee of current internal condition*** Current market rental in the region of £750 per month.

Redding is as village close Falkirk. The village has a population around 3800. Located around 2 miles from the main town of Falkirk and also Grangemouth. Falkirk offers a full range of shops and amenities along with road and rail networks to Glasgow and Edinburgh.

Full Address: 13 Poolewe Drive, Redding, Falkirk, FK2 9XA

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £7,500 per year / £625 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £56,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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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: 15 May 2025, 10am-3pm
Type: Timed Online Auction

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