FOR SALE BY ONLINE AUCTION WEDNESDAY 26th MARCH 2025 AT 9.00AM. Modern luxury two-bedroom flat in Skelmorlie. Currently tenanted at £595pcm, providing a yield of 8.4% at Guide Price. Great turnkey opportunity for Buy-to-Let investors***HUGE discount against home report value of £100,000***
***Modern Luxury 2 bedroom flat*** Was previously Sold for £165,000*** Being sold subject to a tenancy----Asset Management Sale Instruction--- RICS Home report value---£100,000--- BMV Opportunity---
***This fantastic property comprises: 2 x bedrooms (1 ensuite), open plan living room / kitchen and Bathroom*** Modern professionally managed development*** Great property*** Let on a PRT for £595pcm (£7140 per annum)***
91 Innes Park Rd Sold £118k (Oct 23)
62 Innes Park Rd Sold £135.5k (June 23)
1A Innes Park Rd Sold £98k (May 23)
30 Innes Park Road Sold £150k (April 23)
1E Innes Park Rd Sold £89k (June 22)
Fabulous opportunity to acquire a good quality Turn Key residential property with a tenant in situ (All rent up to date)
*** Discounted for auction sale***
***Refinance investment opportunity***
***Great quality property***
Skelmorlie, a popular coastal village and neighbouring Wemyss Bay offer a range of amenities, recreational facilities and travel links to Glasgow by bus, train and an upgraded road network
***PREVIOUSLY SOLD FOR £165K***
Modern Luxury 2 bedroom flat in purpose built residential development. This flat comprises: 2 bedrooms (1 ensuite), open plan living room / kitchen & bathroom*** The property is currently let for £595pcm *** RICS surveyor home report value of £100k***ALL RENT UP TO DATE*** Asset Management Instruction *** Excellent potential to increase rent and obtain a higher rental return*** This property is set within a highly desirable district and is sure to appeal to professional investors and astute property buyers ***PRICED TO SELL*** ***SUPER LOCATION*** Perfect opportunity to acquire a discounted property and release value through obtaining vacant possession or increasing the rent***
Skelmorlie, a popular coastal village and neighbouring Wemyss Bay offer a range of amenities, recreational facilities and travel links to Glasgow by bus, train and an upgraded road network. Skelmorlie is well placed for regular ferry services operating from nearby towns, local amenities include primary schooling, a golf course and a bowling club. There are a selection of restaurants and hotels in nearby Largs, the bustling holiday town which is only 4 miles to the south. Skelmorlie and Wemyss Bay have an extensive range of local facilities and shops including a renowned butcher and deli, a primary school and local golf course. The two villages are well served by commuter links with a rail service from Wemyss Bay to Glasgow Central and a good road network with the A78 and M8 giving access to Glasgow Airport and Glasgow to the north, and the Ayrshire coast to the south. Wemyss Bay also has a ferry terminal with a connection to Bute and 33 miles to the south is Prestwick Airport. The Clyde coastline is famous for its sailing opportunities and locally there are highly regarded Marinas.
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GUIDE PRICE: £85,000
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Modern luxury two-bedroom flat
***Huge discount against home report value of £100,000***
Currently tenanted at £595pcm, providing a solid yield of 9% at Guide Price.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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