Residential Investment Opportunity - Property Search - Savills
Residential Investment Opportunity 38 - 42 James Street, Helensburgh G84 8UH
Savills are delighted to offer to the market the opportunity to acquire an unbroken lot of 24 flats in Helensburgh.
Summary of Opportunity •
Desirable Helensburgh location
•
Mix of 1 and 2 bedroom flats
•
Current Passing Rent of £99,960 per annum
•
Let on short assured tenancies
•
A number of apartments have recently been refurbished
Location The properties are located on James Street which is situated between West King Street and West Princes Street, within the upmarket area of Helensburgh on the north shore of the Firth of Clyde. Helensburgh is well placed for commuting to Glasgow with the A814, A82 and M8 allowing a journey time of less than an hour. Helensburgh Central Station is on the main Glasgow Queen Street line, with Helensburgh Upper Station on the West Highland line. Helensburgh offers a wide range of local amenities including good local shopping and numerous civic and leisure facilities. Helensburgh, considered by many as a gateway to the Highlands, combines both town and country living with Loch Lomond and the Trossachs within easy reach. The Glencoe and Nevis Range ski areas are both within approximately an hour and a half’s drive, while for water sports enthusiasts the Firth of Clyde provides some of Scotland’s most testing sailing waters. The neighbouring village of Rhu offers a modern marina and is home to the world famous Royal Northern & Clyde Yacht Club.
Description The property comprises a 4 storey red sandstone building with 3 separate communal entrances from James Street providing access to 8 flats each. There is also access from each block to a rear garden, bin and drying area. The apartments are a mix of 1, 1.5 and 2 bedrooms, a full accommodation schedule is included overleaf. The flats have been let on an unfurnished basis. At the end of each tenancy the vendor has completed a refurbishment of the properties which includes repainting throughout, new carpets and vinyl within kitchen.
Accommodation Schedule Address
38 James Street
40 James Street
42 James Street
Beds
Floor
Gross Internal Area (sqm)
Gross Internal Area (sq ft)
Current passing Rent (May 2017)
Current rent per annum
Indicative VP Value
Flat G/1
1.5
Ground
38
409
£365.00
£4,380
£75,000
Flat G/2
1
Ground
43
463
£325.00
£3,900
£70,000
Flat 1/1
2
First
56
603
£370.00
£4,440
£85,000
Flat 1/2
1
First
39
420
£330.00
£3,960
£70,000
Flat 2/1
2
Second
59
635
£350.00
£4,200
£85,000
Flat 2/2
1
Second
39
420
£325.00
£3,900
£70,000
Flat 3/1
2
Third
56
603
£375.00
£4,500
£85,000
Flat 3/2
1
Third
35
377
£325.00
£3,900
£70,000
Flat G/1
1.5
Ground
50
538
£365.00
£4,380
£75,000
Flat G/2
1
Ground
36
388
£325.00
£3,900
£70,000
Flat 1/1
2
First
55
592
£365.00
£4,380
£85,000
Flat 1/2
1
First
35
377
£325.00
£3,900
£70,000
Flat 2/1
2
Second
55
592
£380.00
£4,560
£85,000
Flat 2/2
1
Second
39
420
£325.00
£3,900
£70,000
Flat 3/1
2
Third
55
592
£375.00
£4,500
£85,000
Flat 3/2
1
Third
35
377
£330.00
£3,960
£70,000
Flat G/1
1.5
Ground
42
452
£365.00
£4,380
£75,000
Flat G/2
1
Ground
35
377
£320.00
£3,840
£70,000
Flat 1/1
2
First
52
560
£375.00
£4,500
£85,000
Flat 1/2
1
First
35
377
£300.00
£3,600
£70,000
Flat 2/1
2
Second
52
560
£380.00
£4,560
£85,000
Flat 2/2
1
Second
35
377
£325.00
£3,900
£70,000
Flat 3/1
2
Third
52
560
£380.00
£4,560
£85,000
Flat 3/2
1
Third
39
420
£330.00
£3,960
£70,000
£8,330.00
£99,960
£1,830,000
The floor areas included in the accommodation schedule are indicative and are based on the areas provided on the Energy Performance Certificate. Scale floor plans are available upon request and parties should carry out their due diligence to satisfy themselves.
Due Diligence The followinginformation is available via Savills; • • • • •
Tenancy and Accommodation Schedule Management Cost EPC’s & Gas Certificates Title Floorplans
Disposal Process The portfolio is being offered to the market by means of an informal tender process. Our clients have instructed Savills to dispose of the units as a single lot. Parties will be provided with further information once their interest has been registered with the sole selling agents.
Offers Offers should be submitted in a Heads of Terms format to the Selling Agents. The Seller’s solicitors will then provide the preferred party with an offer to purchase. A closing date for offers may be fixed and prospective purchasers are advised to register their formal interest with the Selling Agents at an early stage. Please note that our client is under no obligation to accept the highest or any offer made.
Price Savills are inviting offers for the 24 residential units as a whole.
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (L&P) Limited.
Selling Agent: Savills
Viewing
163 West George Street Glasgow, G2 2JJ
Strictly by appointment with Savills. For further details please contact:
Gillian Schoneville
Jamie Doran
[email protected] +44 (0) 141 222 5899
[email protected] +44 (0) 141 222 5878
Savills are delighted to offer to the market the opportunity to acquire an unbroken lot of 24 flats in Helensburgh.
Summary of Opportunity •
Desirable Helensburgh location
•
Mix of 1 and 2 bedroom flats
•
Current Passing Rent of £99,960 per annum
•
Let on short assured tenancies
•
A number of apartments have recently been refurbished
Location The properties are located on James Street which is situated between West King Street and West Princes Street, within the upmarket area of Helensburgh on the north shore of the Firth of Clyde. Helensburgh is well placed for commuting to Glasgow with the A814, A82 and M8 allowing a journey time of less than an hour. Helensburgh Central Station is on the main Glasgow Queen Street line, with Helensburgh Upper Station on the West Highland line. Helensburgh offers a wide range of local amenities including good local shopping and numerous civic and leisure facilities. Helensburgh, considered by many as a gateway to the Highlands, combines both town and country living with Loch Lomond and the Trossachs within easy reach. The Glencoe and Nevis Range ski areas are both within approximately an hour and a half’s drive, while for water sports enthusiasts the Firth of Clyde provides some of Scotland’s most testing sailing waters. The neighbouring village of Rhu offers a modern marina and is home to the world famous Royal Northern & Clyde Yacht Club.
Description The property comprises a 4 storey red sandstone building with 3 separate communal entrances from James Street providing access to 8 flats each. There is also access from each block to a rear garden, bin and drying area. The apartments are a mix of 1, 1.5 and 2 bedrooms, a full accommodation schedule is included overleaf. The flats have been let on an unfurnished basis. At the end of each tenancy the vendor has completed a refurbishment of the properties which includes repainting throughout, new carpets and vinyl within kitchen.
Accommodation Schedule Address
38 James Street
40 James Street
42 James Street
Beds
Floor
Gross Internal Area (sqm)
Gross Internal Area (sq ft)
Current passing Rent (May 2017)
Current rent per annum
Indicative VP Value
Flat G/1
1.5
Ground
38
409
£365.00
£4,380
£75,000
Flat G/2
1
Ground
43
463
£325.00
£3,900
£70,000
Flat 1/1
2
First
56
603
£370.00
£4,440
£85,000
Flat 1/2
1
First
39
420
£330.00
£3,960
£70,000
Flat 2/1
2
Second
59
635
£350.00
£4,200
£85,000
Flat 2/2
1
Second
39
420
£325.00
£3,900
£70,000
Flat 3/1
2
Third
56
603
£375.00
£4,500
£85,000
Flat 3/2
1
Third
35
377
£325.00
£3,900
£70,000
Flat G/1
1.5
Ground
50
538
£365.00
£4,380
£75,000
Flat G/2
1
Ground
36
388
£325.00
£3,900
£70,000
Flat 1/1
2
First
55
592
£365.00
£4,380
£85,000
Flat 1/2
1
First
35
377
£325.00
£3,900
£70,000
Flat 2/1
2
Second
55
592
£380.00
£4,560
£85,000
Flat 2/2
1
Second
39
420
£325.00
£3,900
£70,000
Flat 3/1
2
Third
55
592
£375.00
£4,500
£85,000
Flat 3/2
1
Third
35
377
£330.00
£3,960
£70,000
Flat G/1
1.5
Ground
42
452
£365.00
£4,380
£75,000
Flat G/2
1
Ground
35
377
£320.00
£3,840
£70,000
Flat 1/1
2
First
52
560
£375.00
£4,500
£85,000
Flat 1/2
1
First
35
377
£300.00
£3,600
£70,000
Flat 2/1
2
Second
52
560
£380.00
£4,560
£85,000
Flat 2/2
1
Second
35
377
£325.00
£3,900
£70,000
Flat 3/1
2
Third
52
560
£380.00
£4,560
£85,000
Flat 3/2
1
Third
39
420
£330.00
£3,960
£70,000
£8,330.00
£99,960
£1,830,000
The floor areas included in the accommodation schedule are indicative and are based on the areas provided on the Energy Performance Certificate. Scale floor plans are available upon request and parties should carry out their due diligence to satisfy themselves.
Due Diligence The followinginformation is available via Savills; • • • • •
Tenancy and Accommodation Schedule Management Cost EPC’s & Gas Certificates Title Floorplans
Disposal Process The portfolio is being offered to the market by means of an informal tender process. Our clients have instructed Savills to dispose of the units as a single lot. Parties will be provided with further information once their interest has been registered with the sole selling agents.
Offers Offers should be submitted in a Heads of Terms format to the Selling Agents. The Seller’s solicitors will then provide the preferred party with an offer to purchase. A closing date for offers may be fixed and prospective purchasers are advised to register their formal interest with the Selling Agents at an early stage. Please note that our client is under no obligation to accept the highest or any offer made.
Price Savills are inviting offers for the 24 residential units as a whole.
Important Notice Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
NOTE - Published for the purposes of identification only and although believed to be correct its accuracy is not guaranteed. Reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office © Crown copyright licence number 100024244 Savills (L&P) Limited.
Selling Agent: Savills
Viewing
163 West George Street Glasgow, G2 2JJ
Strictly by appointment with Savills. For further details please contact:
Gillian Schoneville
Jamie Doran
[email protected] +44 (0) 141 222 5899
[email protected] +44 (0) 141 222 5878
