For Sale By Auction | 14:00, 27 March 2025

16f South Street, Greenock, Renfrewshire PA16 8UE

*Guide | £47,500 (plus fees)

  • Flat
  • 2 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 27/03/2025

Auction Time

14:00

Auction Venue

Radisson RED, 25 Tunnel Street • G3 8HL

Two bedroom flat

New to auction is this spacious and well presented two bedroom second floor flat within a well maintained traditional tenement block, conveniently located less than one mile from Greenock town centre and close to Greenock west train station. The accommodation comprises bright lounge, two bedrooms, kitchen with wall and base units, and bathroom with white suite and bath with shower. Additional features include gas central heating, double glazing and shared space to rear. An impressive 18% discount against the £57,000 Home Report valuation is sure to draw demand from both investors and owner/occupiers, and buy to let landlords will be attracted by the strong potential rental yield in excess of 13% (local housing association figures at guide price) with greater levels of income possible in the strong rental market. Early viewing is essential for a property that is sure to move quickly. Council Tax Band: B.

Tenure

Freehold

Area

South Street enjoys convenient access less than one mile from Greenock town centre and is also close to Greenock West train station. Greenock offers a wide range of local amenities including high-street shopping with several supermarkets, with established schooling at both primary and secondary levels. Other amenities include several play parks, sports centres and 'The Waterfront Centre' with swimming pool, ice rink and gym. There are a range of golf clubs within the local area, modern yacht marinas in Greenock and Inverkip and access to Clyde Muirshiel Regional Park. There are several railway stations, Greenock West just minutes away, offering access to Glasgow Central and the area is well served by local bus routes. Easy access by road to surrounding areas including the M8 Motorway network connecting to Glasgow and the East.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Inverclyde Council

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.