Flat for sale in Jean Street, Inverclyde, Port Glasgow PA14

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.

We expect this to be very popular with a broad range of investors so early viewing is advised.

Property overview

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.

Current lease

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.

Dimensions

• 
  
  Hallway - 3.08m x 2.71m.
  
  
• 
  
  Lounge - 5.28m x 3.80m.
  
  
• 
  
  Kitchen – 3.87m x 3.44m.
  
  
• 
  
  Master Bedroom – 3.16m x 3.09m (exc. Storage).
  
  
• 
  
  Bedroom Two - 3.88m x 2.33m (exc. Storage).
  
  
• 
  
  Bathroom – 2.56m x 1.66m.
  
  

Total size of property

85 Square Meters - 915 Square Feet

A vibrant location

The subjects are located on Jean Street, accessed via Brown Street in Port Glasgow.

Port Glasgow's population is approximately 16,617 and has undergone a regenerative transformation over the past decade to become a vibrant town on the banks of the River Clyde, within the authority of Inverclyde Council.

With a rich heritage within the shipbuilding industry, the town continues to build ships at the nearby Ferguson Shipyard, nationalised by the Scottish Government in 2019.

The town is reaping the benefits of having a large retail park constructed close to the subjects by Ediston, with tenants including Tesco, M&S, Next, B&Q, B&M, Aldi, and McDonald's all of which are a short walk away.

Port Glasgow benefits from excellent road and rail links and is accessed via junction 31 of the M8 motorway with direct links to Paisley and Largs via the A8 and A78.

Outstanding scenery is on your doorstep, with Glasgow Airport a 15-minute drive. Port Glasgow railway station is a 5-minute drive with regular train services to Glasgow, Wemyss Bay, and Gourock.

School catchments

The subjects are within the catchment area for the highly-regarded St John’s and Newark Primary Schools, as well as St Stephen’s and Port Glasgow High Schools.

Price

Our client is inviting offers of over £55,000, which is the Home Report Value and available to be shared with interested parties.

Sat nav

The property postcode is PA14 5HP.

EPC

The current rating is band C (72). The average rating for EPCs in Scotland is band D (61).

Council tax band

Band A - £1,288.04 per annum as of March 2024.

Tenure

Freehold.

Viewings

Viewings can be arranged by appointment with Bowman Rebecchi Estate Agents.

Property support

Whether you have a property to sell, let or factor, or even a commercial property you need help with, Bowman Rebecchi can offer you a free valuation and advice on the sale of your present property. Please contact us to discuss this further.

Please note

We aim to make our particulars both accurate and reliable. However, they are not guaranteed, nor do they form part of an offer or contract. If you require clarification on any points then please contact us, especially if you're travelling some distance to view. Please note that appliances and heating systems have not been tested and therefore no warranties can be given as to their good working order.

EPC rating: C.