18A Cumberland Road, Greenock, PA16 0TW
- PROPERTY TYPE
Flat
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key 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.
Description
- 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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
18A Cumberland Road, Greenock, PA16 0TW
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About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
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Visit our security centre to find out moreDisclaimer - Property reference 203898745. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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