GUIDE PRICE

Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 126 Ferguslie, Flat 1-2, Paisley, PA1 2XP

TWO BEDROOM FIRST FLOOR FLAT located within the popular Millerston district of Paisley. This property WAS SOLD for 52,000 (August 2012). Facing BP garage - NEW ENTRY AT PRICE TO ENSURE SALE

Comprises: Hallway, Living Room, Two Bedrooms, Kitchen and Bathroom. Net Area: 57 sq.m. Mains gas, double glazing and tenanted via local letting agent. Rental income - 355 per month - 4,260 per year

Benefits from Secure Communal Entry System, Communal Close Areas, Double Glazing and Gas Central Heating. Ample storage throughout and communal drying area to the rear of the property

MUST BE SOLD - Soar Intu Braehead and Silverburn Shopping Centres both within 20 minutes. Glasgow International Airport (5 mins drive) - PERFECT COMMUTER BASE - Perfect renter at affordable price

University of West of Scotland campus and The Royal Alexandra Hospital (RAH) both within minutes providing positive rental market. EPC Rating - Band D

*** Would suit an Investor Landlord as income producing with rental yield of 4,260 per year *** Traditional TWO Bedroom First Floor Flat located within the popular Millerston district of Paisley. IDEAL FOR RENTAL MARKET AS CURRENTLY TENANTED ** This property WAS SOLD for 52,000 (August 2012). Comprises: Hallway, Living Room, Two Bedrooms, Kitchen and Bathroom. Net Area: 57 sq.m. Mains gas, double glazing and tenanted via local letting agent. Rental income - 355 per month - 4,260 per year. Benefits from Secure Communal Entry System, Communal Close Areas, Double Glazing and Gas Central Heating. Ample storage throughout and communal drying area to the rear of the property

The subjects are located in the Millerston district of Paisley lying a distance of approximately one and a half miles from the town centre within an area containing similar styled flats built by the local authority. Quiet location close to the West End of Paisley and University of the West of Scotland (large student population surrounding). Manageable rental opportunity with income generating 400 pcm - Large yield with investment return. Paisley offers a number of amenities with Paisley Gilmour Street and Paisley Canal station offering access to Glasgow and surrounding area

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: PRT
Rent: 4,260 per year / 355 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Tenanted via local letting agent. Rental income - 355 per month - 4,260 per year

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Location

Pricing Information & Bidding

Guide Price: £40,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 16 April 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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