Lot 196 - 99A Dempster Street, Greenock, Renfrewshire, PA15 4ED

  • Unconditional Online Auction Sale
  • Guide Price* : £20,000

One bedroom flat being sold with tenant in situ and a current rental yield of over 19% and 38% discount to Home Report value makes this a great investor buy.

Description

• This property is being sold by auction, terms and conditions apply
• Tenant in situ
• Excellent rental yield from day one
• Spacious and well presented flat
• Well tended common garden area
• Convenient central location
• Current rental income £322pcm/£3864pa

We are delighted to offer to auction this one bedroom flat enjoying preferred first floor position in a traditional tenement block in Greenock.

The property is being offered with tenant in situ (of four years) with current direct payment rental of £322 pcm, representing an excellent and immediate rental yield of more than 19%. The spacious and bright accommodation comprises lounge/kitchen, large bedroom, bathroom and separate toilet. Further benefits include gas central heating, double glazing and spacious well-tended shared garden area to the rear.

Rental investors are sure to be drawn to the immediate rental income available from the long term tenant in situ, and almost 38% discount from recent Home Report valuation. We expect this one to go quickly, and early viewing is recommended.

ROOM SIZES

Lounge/Kitchen : 4.8m x 3.65 (at widest points)

Bedroom : 4.5m x 3.7m

Bathroom : 2.3m x 1.1m

WC : 0.95m x 0.80m

PLEASE NOTE: As per the T&C's, an Auction Fee and 10% Deposit is due to be paid when your bid is successful.

Tenure

Freehold

Location

Dempster Street is conveniently located around a mile to the west of Greenock town centre which offers a wide range of retail and leisure facilities. There is established schooling at both primary and secondary levels. Recreational amenities include several play parks, sports centres and 'The Waterfront Centre' swimming pool, ice rink and gym. There are a range of golf clubs within the local area, modern yacht marinas in Greenock and Inverkip and access to Clyde Muirshiel Regional Park. There are several railway stations, offering access to Glasgow Central and the area is well served by local bus routes.

Comparables:

101 Dempster Street: Sold for £35,000 04/21

101 G/M Dempster Street: Sold for £29,000 04/21

101 Dempster Street: Sold for £37,500 03/21

Accommodation

Lounge/Kitchen, Bedroom, Bathroom, WC

Local Authority
Inverclyde Council

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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 within the Guide Range or no more than 10% above a single figure Guide.

Bidding not yet open
Minimum Opening Bid

£20,000


Bidding Opens On
22nd Oct 2021 10:00
Scheduled End Date

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Local Authority

Inverclyde Council

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