Investment Opportunity For Spacious School Court Apartment In Port Glasgow
This third-floor apartment is being sold as an investment opportunity with a sitting tenant within a highly sought location in Port Glasgow and available to purchase through Bowman Rebecchi - The Home of Property.
With easy access to local schools and the town center, this top-floor apartment has two double bedrooms, a large lounge, kitchen and bathroom with several additional storage options.
The former Jean Street Primary School, designed by H & D Barclay, first opened in 1884 and was a popular school in Port Glasgow which could house 460 pupils. It closed in the late 1970s and was converted into apartments as The School Court in the 1990s.
The apartment enjoys a central position in close proximity to the Gallagher Retail Park and is one of the larger style homes in the building which is rare to the market and is in walk-in condition.
The accommodation comprises a spacious entrance hall which leads to all of the accommodation, with wooden laminate flooring throughout.
A large master bedroom includes in-built storage cupboards, with the second double bedroom providing a good-sized room.
The large lounge area is suitable for modern family entertainment and is flooded with natural light.
A stylish modern fitted kitchen provides space for a dining table and chairs and has a mixture of in-built features.
The 3-piece modern bathroom includes w.c., vanity unit, wash hand basin and bath with shower over.
Specification includes gas central heating, double glazing, door entry system and resident’s parking.
This spacious top-floor apartment provides stylish accommodation for a rental portfolio with the central atrium on the top-floor landing providing a further additional feature to this characterful building.
The property is currently leased to a long-term tenant for £5,100 per annum with an opportunity to increase this from 1st April 2024. This makes this property an attractive investment opportunity, providing an approximate 10% yield. Our sister arm, Bowman Rebecchi Letting is available to support your management needs if required.
We expect this to be very popular with a broad range of investors so early viewing is advised.
Offers of over £55,000 are invited by our client and viewings can be arranged by appointment with Bowman Rebecchi.