Traditional one bed studio flat in Port Glasgow, located in a traditional tenement style block in the area of Clune Park, Port Glasgow. This property is an ideal buy to let investment with a potential yield of 30%. Please be advised this property requires a degree of modernisation and decoration and has been tenanted until recently.
The one bedroom property consists of the following -
- Lounge with the kitchen off it
- Double bedroom
- Family bathroom with corner suite.
- The Home report for this property was £20,000
Port Glasgow is currently undergoing an extensive development & investment and is recognised as a popular investment location due to its close proximity to Glasgow Airport.
The area is benefiting from a £400 million regeneration project bringing 2,500 new jobs and new business accommodation to the area. Clune Park is a popular commuter location as property is close to Port Glasgow train station and within easy reach of Greenock, Glasgow & Braehead shopping amenities & The Waterfront leisure complex.
- 15, Robert Street, Port Glasgow sold £23,000
- 13 Robert Street Glasgow sold £24,000,
- 11 Robert Street Glasgow sold £20,800,
- 7 Robert Street Port Glasgow sold £25,000
This property is for sale under conditional auction terms – this allows a buyer friendly method of purchase. We do not require the purchaser to immediately sign the Minute of Preference and Enactment, but instead allow 28 days to achieve conclusion of missives and a further 28 days thereafter to complete the purchase. Allowing the additional time to conclude missives means interested parties can proceed with mortgage finance. Upon close of a successful auction or if the vendor accepts an offer prior or post auction, the buyer will be required to pay a non-refundable reservation Fee of 2.5% to a minimum of £2,500.00 + VAT = (£3,000.00) which secures the property and takes it off the market.. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed.