Traditional 1 Bedroom Second Floor Flat within the popular Clune Park Estate. Rental Potential circa £350 per month (£4,200 per annum) ***massive 60% yield*** at current guide price.
Comprises: Entrance Hallway: 3.5m x 3m . Lounge: 5.5m x 3.5m. Bedroom: 3.5m x 3.5m. Kitchen: 2m x 2.4m. Bathroom: 2m x 2m
Sales Evidence: 15 Robert Street, Port Glasgow, PA14 previously sold for £23,000*** 13 Robert Street, Port Glasgow, PA14 previously sold for £24,000***
Property is fully stripped and ready for refurbishment. Sure to appeal to builders and investors looking for easy, ready to go project
The town of Port Glasgow is currently undergoing extensive waterfront development and is a popular investment location with high yield potential.
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** sale by auction - 10 July 2020 ** Timed Online Auction .
An excellent opportunity to purchase this exceptionally spacious, traditional, one bedroom, 2nd floor flat. The property has been fully stripped and prepped ready for refurbishment. Fantastic potential to convert to a two bedroomed property, subject to the necessary consents. Set in the sought-after area of Port Glasgow which is currently undergoing a 400 million investment and extensive waterfront re-development as part of the Inverclyde Council Clune Park Regeneration Plan bringing 2,500 new jobs to the area. This is consequently a very popular investment location with a high yeild potential of 60% at £350 per month (£4,200 per annum). Popular commuter location with excellent transport links to Glasgow, Inverclyde and Ayrshire via the A8/M8 motorway network. Comprises: Entrance Hallway: 3.5m x 3m Access to all rooms with large walk in storage cupboard and separate fully shelved press cupboard Lounge: 5.5m x 3.5m Spacious, front facing bright living room with high ceilings and laminate flooring throughout. Bedroom: 3.5m x 3.5m Front facing bright room with two built in cupboards/wardrobes Kitchen: 2m x 2.4m Bright, front facing room with large window. Prepped ready for refurbishment Bathroom: 2m x 2m Spacious 3 piece white bathroom suite at rear of property with large airing cupboard Shared Rear Gardens and ample on street parking available. We understand that this property lies within the Clune Park Regeneration plan and purchasers are advised to satisfy themselves as to any ongoing progress with the plans via the Inverclyde Council. A number of properties are subject to demolition and closing orders within the development. We understand from our enquiries that this property is not subject to either notice however purchasers are advised to verify all up to date information with the Inverclyde Council prior to purchasing under auction terms. Within the Clune park estate there's six buildings are currently subject to active demolition orders.
The seaside town of Port Glasgow is benefiting from a £400 million investment & regeneration project bringing 2,500 new jobs and 530,000 sq. Ft. Of new business accommodation to the area. Popular rental location close to Port Glasgow train station and within easy reach of Greenock town centre amenities & The Waterfront leisure complex. We understand that this property lies within the Clune Park Regeneration plan and purchasers are advised to satisfy themselves as to any ongoing progress with the plans via the Inverclyde Council -
Auction Details 10 July 2020,9am-5pm Timed Online Auction,
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