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Description

  • Status: Available
  • Type: Portfolio
  • Ownership: Freehold
  • Occupation: Tenanted

***IMMEDIATE INCOME PRODUCING INVESTMENT*** Portfolio of 2 properties located in the same building***1 flat tenanted with 1 vacant***

***Portfolio of 2 properties in Stranraer town centre**Easily managed portfolio***

***Current rental income of £390 per month on one flat with the other currently vacant. Potential combined rental income up to £900 per month***

***Popular town centre location with strong rental demand***Low cost portfolio of flats for the new or experienced investor***

***Both properties are well maintained and offer the new landlord an easily managed investment*** Full professional lettings management package available for remote investors***

***IMMEDIATE INCOME PRODUCING INVESTMENT*** Portfolio of 2 properties located in the same building***1 flat tenanted with 1 vacant*** ***Portfolio of 2 properties in Stranraer town centre**Easily managed portfolio*** ***Current rental income of £390 per month on one flat with the other currently vacant. Potential combined rental income up to £900 per month*** ***Popular town centre location with strong rental demand***Low cost portfolio of flats for the new or experienced investor*** ***Both properties are well maintained and offer the new landlord an easily managed investment*** Full professional lettings management package available for remote investors***

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 2 flats  15 Hanover Street, Stranraer, DG9 7SB

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Rolling
Rent: £4,680 per year / £390 per month
Yield: 5% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £90,000

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).

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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: 04 September 2025, 10am-3pm
Type: Timed Online Auction

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