63 South Street, Greenock, PA16 8QH
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
5
- BATHROOMS
2
- 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
- We are excited to present this excellent development opportunity on South Street in Greenock
- *** 95 Forsyth Street, Greenock, Renfrewshire PA16 8RD previously sold for £562,000 in 2022 , 66, Newton Street, Greenock PA16 8SP previously sold for £430,000 in 2024 ***
- Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield based on the guide price.
- Property requires full renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential
- The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
Description
- We are excited to present this excellent development opportunity on South Street in Greenock
- *** 95 Forsyth Street, Greenock, Renfrewshire PA16 8RD previously sold for £562,000 in 2022 , 66, Newton Street, Greenock PA16 8SP previously sold for £430,000 in 2024 ***
- Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield based on the guide price.
- Property requires full renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential
- The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
Prime New Entry: Excellent Development Opportunity in a 5 bedroom semi-detached property in Greenock
Property Comprises: Substantial Stone-built Semi with Five Bedrooms spanning over 3 floors, 2 bathrooms, Large Living Space, Kitchen, Generous garden and Ample Storage Space
The local area has shown some great sales evidence recently showing there is strong demand:
*** 95 Forsyth Street, Greenock, Renfrewshire PA16 8RD previously sold for £562,000 in 2022 , 66, Newton Street, Greenock PA16 8SP previously sold for £430,000 in 2024 ***
Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield based on the guide price.
***PREMISES REQUIRES FULL RENOVATION***
For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*
Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.
Potentially excellent opportunity for serviced accommodation, with rates for 5 bed properties in the area starting from around £300 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve (£87,600 PA) which would generate an incredible gross yield if secured at the guide.
Excellent Development/Refurbishment Opportunity. Property is ready for builder/investor/developer to bring to life. Property requires full renovation prior to habitation.
Potentially high yielding investment property. Sure to appeal to investors looking for an easy lettable house in a sought after location with great potential for Capital Growth, or a shrewd investor looking for an excellent flip opportunity
The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
63 South Street, Greenock, PA16 8QH is located in Greenock, a town in Inverclyde, Scotland. The property is situated in the town center, close to local amenities, shops, and transport links. It is conveniently positioned near the Greenock waterfront and is accessible via major roads and public transportation, making it an ideal location for residents or businesses seeking proximity to Greenock's facilities and the surrounding region.
- 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: E
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
63 South Street, Greenock, PA16 8QH
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About Prime Property Auctions (Scotland) Ltd, Glasgow
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Visit our security centre to find out moreDisclaimer - Property reference 218230386. 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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