Timed Online Auction

22 September 2022, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 1
  • Council Tax Search SAA

Description

Full Address: 2A Alexandra Gate, Neilston Road, Paisley, PA2 6LN

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted 1 bedroom flat in popular residential location in Paisley. Sold with settled long-term tenant paying £450pcm (£5,400 per annum). Excellent investment.

Perfect addition to any portfolio. Priced for quick auction sale. Super rental location. EXTREMELY HIGH DEMAND LOCATION close to town centre, amenities and transport links- including Glasgow Airport

PRIME INVESTMENT with settled long-term tenant paying £5,400 per annum (£450pcm) on Private residential tenancy. Excellent payment history. Property will be sold with the tenant in place.

EXCELLENT SALES EVIDENCE: 22 Flat G2, Alexandra Gate, Neilston Road, £105,000- Jul 2019 22 1/1, Alexander Gate, Neilston Road, £93,500- Nov 2021 Flat G6, Alexandra Gate, Neilston Road, £100,000.

Neilston Road is located close to Paisley Town Centre and benefits from having excellent transport links including train station and bus routes within close distance as well as Glasgow Int Airport

IMMEDIATE INCOME PRODUCING INVESTMENT. Tenanted 1 bedroom flat in popular residential location in Paisley. Sold with settled long-term tenant paying £450pcm (£5,400 per annum). Excellent investment. Perfect addition to any portfolio. Priced for quick auction sale. Super rental location. EXTREMELY HIGH DEMAND LOCATION close to town centre, amenities and transport links- including Glasgow Airport. PRIME INVESTMENT with settled long-term tenant paying £5,400 per annum (£450pcm) on Private residential tenancy. Excellent payment history. Property will be sold with the tenant in place. EXCELLENT SALES EVIDENCE: 22 Flat G2, Alexandra Gate, Neilston Road, £105,000- Jul 2019 22 1/1, Alexander Gate, Neilston Road, £93,500- Nov 2021 Flat G6, Alexandra Gate, Neilston Road, £100,000.

Neilston Road is located close to Paisley Town Centre and benefits from having excellent transport links including train station and bus routes within close distance. Paisley is Scotlandís largest Town and located only 7 miles from Glasgow City Centre. Host to Glasgow International Airport and Major Regional Institutions including the University of West of Scotland & Hospitals. The town is popular amongst students from the University and professionals and key workers including Doctors, Nurses and Staff working at the Royal Alexandra Hospital which is located a short distance from the apartment.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: rolling
Rent: £5,400 per year / £450 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £48,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.75% of Sale Price (Minimum £2,750 + 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: 22 September 2022, 10am-3pm
Type: Timed Online Auction

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