£30,000 Opening Bid

18A Cumberland Road, Greenock, PA16 0TW

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Type

Ownership

Occupation

Bedrooms

3

Council Tax

Band: A

Available documents

Tenancy Agreement
Tenanted Residential Property

Details

Property Summary


  • Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. ***HIGH YIELDING INVESTMENT ***

  • *** 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022, 84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 ***

  • Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188.

  • Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.

  • Located in a popular and convenient residential area is an ideal family home close to excellent amenities, schools and road links.


 

Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. ***HIGH YIELDING INVESTMENT ***

Property comprises; Entrance Hallway, Living Room, kitchen, bathroom and 3 bedrooms. Property benefits from double glazing and large rooms sizes.

Property is sure to appeal to investors looking for a high returning investment property, sold with sitting tenant. Immediate Income Producing Investment - ***HIGH YIELDING INVESTMENT ***. Property is located in a sought after location and is sure to be a great investment with scope for capital growth.

*** 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022, 84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 ***

 

Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188. Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.

 

Market rent for this property is in the region of £475 - £550. Should the rent be increased in line with the market then the potential gross yield would be 14.25% - 16.5%, making this a very attractive investment opportunity for those looking to generate fantastic returns on their capital.

 

This property is available for immediate purchase. You can submit an offer now via our online offer form. Should you have any questions please do not hesitate to get in contact with our sale team.

 

Current Yield of over 10%, with the potential for over 16%. Fantastic Investment Property, that is sure to appeal to buy to let investors.

 

The property is scheduled to appear in our upcoming live timed online auction. In order to participate in the live auction, you will require to have an account. To create an account, visit our website. Should you have any questions please contact the team for assistance.

 

Location:

Greenock is situated approximately 23 miles West of Glasgow. Near to major regional and national employers, excellent local amenities. Greenock is a historic town set upon the banks of the River Clyde. Central location near town Centre. Greenock has a wide range of local amenities including high-street shopping with several supermarkets. There is established schooling at both primary and secondary levels. The A8 and M8 road network connects Inverclyde to Renfrewshire, Glasgow International Airport and Glasgow City Centre. Ideal Buy to Let Investment property in high rental demand district.

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Property Features

  • Prime Property Auctions. Large 3 bedroom tenanted investment available for immediate purchase. ***HIGH YIELDING INVESTMENT ***
  • *** 56 Cumberland Road, Greenock, PA16 0TW sold for £85,000 March 2022, 84 Cumberland Road, Greenock, PA16 0TW sold for £84,500 December 2019 ***
  • Property is sold with tenant in situ. Current rent achieved is £349 pcm, which generates a gross annual income of £4,188.
  • Tenant has been in situ since October 2020. Long standing tenant. Excellent Investment Property. Yield over 10% if achieved for Guide Price of £40,000.
  • Located in a popular and convenient residential area is an ideal family home close to excellent amenities, schools and road links.

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18A Cumberland Road, Greenock, PA16 0TW

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