Lot 2j

Guide Price: £75,000 - Bid Now

10 Seaside Park, Ardrishaig, Lochgilphead, PA30 8ED


Key Features:

Tenanted 3 BEDROOM FIRST FLOOR FLAT in quiet residential pocket surrounded by open countryside. Rental income - £450 per month (SAT Agreement). The Crinan Canal lies around 200 yards to the North of the property - A hive of yachting activity during the summer months. DM Hall Surveyors Home Report valuation - £90,000 (RICS VALUE). Ready made investment. Tenancy commenced: January 2018


  • Open aspects overlooking Loch Gilp - Accommodation comprises: Lounge with views down Loch Fyne towards the Isle of Arran, fitted kitchen (appliances included), 3 bedrooms and bathroom. Further benefits: new Electric heating system throughout (storage and dimplex heaters), double glazing and off street private parking. TURN KEY INVESTMENT PROPERTY with NEW TENANCY AGREEMENT IN PLACE - Delightful views
  • Tenanted at £450 pcm (£5,400 per annum). Reduced rent due to length of tenancy - Higher rate achievable at £500+ per month in peak season. Freehold SALE surrounded by beautiful Argyll scenery - Freehold Sale. Prime rental area with strong tenant pool. Currently occupied on short assured agreement. SALE: 10, Seaside Park, Ardrishaig, PA30 8ED - £104,000 (July 2007) ** THIS PROPERTY **
  • Garden grounds for the property comprise a maintained lawn to the front. Well maintained communal stairwell with all flats in the block occupied. Freehold sale - The village of Ardrishaig has a number of amenities available. Perfect purchase opportunity for outdoor pursuits and hillwalking. The village is on the side of a hill bordering Loch Fyne immediately to the south of Lochgilphead
  • Adrishaig's amenities are only a 5 minute walk from the property and further amenities including hospital, secondary school, swimming pool, supermarket, sports centre and independent shops can be found in Lochgilphead, 2 miles to the North. The local bus stop is less than 1 minute from the property. Ready made residential investment - Presented in excellent order throughout with new carpets. EPC - Band D

Description:

Tenanted 3 BEDROOM FIRST FLOOR FLAT in quiet residential pocket surrounded by open countryside. Rental income - £450 per month (SAT Agreement). The Crinan Canal lies around 200 yards to the North of the property - A hive of yachting activity during the summer months. DM Hall Surveyors Home Report valuation - £90,000 (RICS VALUE). Ready made investment. Tenancy commenced: January 2018. Open aspects overlooking Loch Gilp - Accommodation comprises: Lounge with views down Loch Fyne towards the Isle of Arran, fitted kitchen (appliances included), 3 bedrooms and bathroom. Further benefits: new Electric heating system throughout (storage and dimplex heaters), double glazing and off street private parking. TURN KEY INVESTMENT PROPERTY with NEW TENANCY AGREEMENT IN PLACE - Delightful views. Tenanted at £450 pcm (£5,400 per annum). Reduced rent due to length of tenancy - Higher rate achievable at £500+ per month in peak season. Freehold SALE surrounded by beautiful Argyll scenery - Freehold Sale. Prime rental area with strong tenant pool. Currently occupied on short assured agreement. SALE: 10, Seaside Park, Ardrishaig, PA30 8ED - £104,000 (July 2007) ** THIS PROPERTY **

Location:


Situated by the Loch Fyne entrance of the Crinan Canal, Ardrishaig is around 40 miles from the spectacular Loch Lomond and the Trossachs National Park. The bustling fishing village of Tarbert is just 12 miles south, with historic buildings and a variety of restaurants. Adrishaig's amenities are only a 5 minute walk from the property and further amenities including hospital, secondary school, swimming pool, supermarket, sports centre and independent shops can be found in Lochgilphead, 2 miles to the North. The local bus stop is less than 1 minute from the property. Garden grounds for the property comprise a maintained lawn to the front. Well maintained communal stairwell with all flats in the block occupied. Freehold sale - The village of Ardrishaig has a number of amenities available. Perfect purchase opportunity for outdoor pursuits and hillwalking. The village is on the side of a hill bordering Loch Fyne immediately to the south of Lochgilphead

Council Tax:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Plan:


Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.

Tenancy Details:


Type of Agreement Short Assured Tenancy (SAT)
Length 6 Month SAT
Rent £5,400 per year / £450 per month
Yield 7.2% (at guide price)
Tenant Private Individual
Notes: Tenancy commenced: January 2018

Guide Price: £75,000 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers 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.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    05 February 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.