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Lot 35

Guide Price: £21,500 - Bid Now

106 Lynedoch Street, Flat 1-1, Greenock, Inverclyde, PA15 4AH


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Key Features:

*** HOME REPORT - £36,000 *** TENENATED 1 BEDROOM 1st FLOOR FLAT with gas central heating and double glazing. Currently TENANTED at £250 PER CALENDAR MONTH - £3,000 per year income


  • Comprises: Entrance hallway, lounge/kitchen, double bedroom and bathroom. Further features include gas central heating, secure door entry, double glazing and communal rear gardens -
  • *** Affordable Property *** LOCAL SALES EVIDENCE: 6, Roxburgh Street, Greenock, PA15 4PU - £30,500 (Dec 2016). Currently LET at £250 per month (£3,000 per annum) - Returning a yield of 11.57%
  • The immediate area has been transformed in recent years with new housing developments, shopping facilities and cafes (all available on Lynedoch Street). Morrison's supermarket is within 5 minutes walk
  • Glasgow & The West accessible via the M8 motorway network. Train link at Greenock Central. Fantastic buy-to-let property with tenant in place. Central location near town centre. EPC Rating - Band C


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.
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.

Tenancy Details:


Type of Agreement Basic Lease
Length SAT
Rent £3,000 per year / £250 per month
Yield 14.0% (at guide price)
Tenant Private Individual
Notes: Tenanted on a SAT agreement - £250 per month - Settled tenant

Full Details:

Tenanted 1 BEDROOM FIRST FLOOR tenement flat with gas central heating and double glazing. Currently TENANTED AT £250 per CALENDAR MONTH - £3,000 per year income. Popular area close to transport links and amenities. Internally comprises: Entrance hallway, lounge/kitchen, double bedroom and bathroom. High yielding Ready Let property with annual income circa £3,000) (Returning a yield of 11.57%). LOCAL SALES COMPARABLE: 6, Roxburgh Street, Greenock, PA15 4PU - £30,500 (Dec 2016). Popular residential district of central Greenock. The immediate area has been transformed in recent years with a number of new housing developments and offers the buyer with a low price high rental yield return investment

Guide Price: £21,500 - 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:


Greenock is a historic town set upon the banks of the River Clyde world renowned for shipping, sea faring mariners and of course its ship yards *** Historically residential flats in the building at 106 Lynedoch Street have sold for £45,000 and £48,000 *** Popular residential area of Greenock close to town centre. A high number of local amenities are available nearby with shopping, restaurants and cafes all located on Lynedoch Street itself. PRIME RENTAL SPOT in central Greenock - The M8 motorway is available nearby. Greenock Central train station is within 5 minute's walk with links to Paisley and Glasgow and numerous bus links connect the area to Glasgow, Largs and the West of Scotland. High yielding Ready LET property --- PROPERTY IS SOLD WITH TENANT IN PLACE --- READY MADE RESIDENTIAL INVESTMENT. The Oak Mall Shopping Centre, and a number of local primary and secondary schools and recreational amenities are within the district

Viewings:


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.

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