£35,000 Guide price
New to auction is this portfolio of three flats, conveniently located in central Dumbarton. The portfolio comprises two x two bed (first and third floor) and one x one bed (first floor) flats, with the added bonus that all are within the same traditional tenement block. Some degree of upgrade/refurbishment is required in each which offers a great opportunity to add value, whether for resale or rental yield. On completion of works, LHA figures suggest a rental income over the three flats of more than £15,000, but the rental income would potentially be higher given the currently strong rental market. No Home Reports are required when being offered as a portfolio, but recent valuation reports for each flat show the Guide Price to offer a discount of 27% against cumulative Home Reports. We expect strong levels of demand for the portfolio, and wont be around for long. Early viewing is essential to avoid missing out on this great opportunity. Flat 1/2 Council Tax Band: B.
The portfolio of flats lies within the heart of Dumbarton which offers simple easy access to a whole host of local and high street names as well as excellent entertainment and recreational facilities. Public transport and rail links (20 minute express trains service to Glasgow City Centre) are close at hand as are primary and secondary schooling. Dumbarton also has additional benefits of its own golf course and Meadow Leisure Centre with swimming pool and sports hall. The celebrated beauty of Loch Lomond is only a short distance away as are both Alexandria and Balloch Town Centre's where you can find the beautiful Balloch Marina and Country Park. Glasgow's International Airport can be easily achieved within 20 minutes via the Erskine Bridge.
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