NEW DEADLINE FOR OFFERS - Friday 29th March 2019, 5pm - Submit an offer now >>

Lot 5b

Guide Price: £54,000 - Bid Now

8 Union Road, Grangemouth, FK3 8AB


GO TO...  Map  Open Viewings  Floorplan  Auction Details   How To Bid

Key Features:

***Massive former HMO in Popular Rental district ***2 storey Duplex Flat with Strong Tenant Demand***The property comprises 6 Large Bedrooms, boxroom, bathroom & a separate Dining Kitchen***


  • ***Expected residential rental yield of 33%***Ready to be re-let as rental property***Popular destination for transient workers seeking short term bedsit accommodation*** Grangemouth is HIGH DEMAND.
  • 100% Prime Town Centre Rental Location***BEING SOLD BY ASSET MANAGERS***This property was previously sold for £80,000 (May 2015)***3 Union Road Sold £70k**32 Union Road Sold £78k*** Incredible Lot.
  • Grangemouth Refinery is one of only 6 oil refinery’s in the U.K and the only 1 in Scotland***It is a major Regional employer and makes an enormous contribution to the Scottish economy*** ESTABLISHED
  • This property being offered for sale by asset managers is an exceptional opportunity to acquire a former House of multiple occupancy that could easily be re-established with a HIGH potential Yield.


Ownership

Freehold

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

Vacant

- Full vacant possession offered at time of completion.
Council Tax

Search Council Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.


Full Details:

***Massive former HMO in Popular Rental district ***2 storey Duplex Flat with Strong Tenant Demand***The property comprises 6 Large Bedrooms, boxroom, bathroom & a separate Dining Kitchen***Ready to Re-Let with GCH & D/G*** Estimated Rental income of circa £20,000 per annum (rented as bedsits)***Highly Sought after Town Centre Location*** Substantial 2 storey Upper Duplex Flat in the popular town of Grangemouth. This flat comprises: 7 Main Rooms, a separate boxroom, a main Bathroom and a further toilet***Previously operated as a house of multiple occupancy***This use could be re established creating a potentially lucrative income stream in excess of £20,000 per annum***Over 33% gross rental return at Guide Price*** ***Expected residential rental yield of 33%***Ready to be re-let as rental property***Popular destination for transient workers seeking short term bedsit accommodation*** Grangemouth is one of the Main Ports in the United Kingdom & Has the Largest container terminal in Scotland***HUGE TENANT DEMAND*** 100% Prime Town Centre Rental Location***BEING SOLD BY ASSET MANAGERS***This property was previously sold for £80,000 (May 2015)***3 Union Road Sold £70k**32 Union Road Sold £78k*** Incredible Opportunity to create a very high yielding House of Multiple Occupancy Investment*** Grangemouth Refinery is one of only 6 oil refinery’s in the U.K and the only 1 in Scotland***It is a major Regional employer and makes an enormous contribution to the Scottish economy*** ESTABLISHED LOCATION FOR TRANSIENT WORKERS*** Whyte & Mackay have of their main modern, purpose built, production and distribution facilities in Grangemouth** This property being offered for sale by asset managers is an exceptional opportunity to acquire a former House of multiple occupancy that could easily be re-established with a potential Yield in excess of 33%*** With Strong tenant demand from local Working Population***

Guide Price: £54,000 - Bid Now


What is a Guide Price...

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. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

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.

Map & Location:


Grangemouth has a strong local economy benefiting from having a substantial Whyte & Mackay bottling plant and a World famous oil refinery. Furthermore, the town benefits from being one of the main ports within the United Kingdom. Grangemouth town centre is further enhanced with comprehensive shopping facilities ***Excellent Rarely Available Opportunity***

Viewings:


Open Viewings Scheduled...


  • Thursday, March 28, 2019  :  5.45pm -> 6.00pm


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.

Floor plan:

Click Image To Enlarge

Auction Details:



  • Auction Date...

    30 April 2019


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

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.

How To Bid:


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