BIDDING OPENS in...

Map & Location

Map   Street View   Satellite

Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

**TURN KEY INVESTMENT** Tenanted 2 bedroom upper flat located on preferred first floor of this ex local authority block. Close to Glasgow Airport and Hospital - HIGH TENANT DEMAND

Comprising internally of hall, lounge, kitchen, 2 bedrooms and bathroom. Good sized rooms- no warranties or guarantees given on condition internally. Long term tenant in situ.

Would suit investor landlord looking to expand on portfolio - current rental income at £4800, near 13% RENTAL YIELD at opening bid price - immediate return and potential for uplift post renovation.

Paisley has high tenant demand locally from many businesses including several retail and industrial estates, University of West of Scotland and the Royal Alexandra Hospital making this an ideal rental

**COMPARABLE SALES** 2 Bed Renfrew Road sold £69,995**2 Bed Renfrew Road sold £62,000 2021**2 Bed Renfrew Road sold £58,000 2023**IDEAL FOR RENTAL** Calling all investor landlords - high yield.

**TURN KEY INVESTMENT** Tenanted 2 bedroom upper flat located on preferred first floor of this ex local authority block. Close to Glasgow Airport and Hospital - HIGH TENANT DEMAND. Comprising internally of hall, lounge, kitchen, 2 bedrooms and bathroom. Good sized rooms- no warranties or guarantees given on condition internally. Long term tenant in situ. Would suit investor landlord looking to expand on portfolio - current rental income at £4800, near 13% RENTAL YIELD at opening bid price - immediate return and potential for uplift post renovation. Paisley has high tenant demand locally from many businesses including several retail and industrial estates, University of West of Scotland and the Royal Alexandra Hospital making this an ideal rental property. **COMPARABLE SALES** 2 Bed Renfrew Road sold £69,995**2 Bed Renfrew Road sold £62,000 2021**2 Bed Renfrew Road sold £58,000 2023**

The historic town of Paisley has an excellent range of shopping, sporting facilities, transport links and the impressive Paisley Abbey. Regular mainline railway services to Glasgow City centre and the Clyde coast. Connections to Glasgow International Airport and the M8 motorway close by at junction 27. Paisley is home to the University of The West of Scotland and has established schooling in the local area. Gleniffer Braes has a variety of walks, Paisley Golf Club and stunning views toward the Campsie Hills. Scotland’s largest town, most commonly known for its weaving industry and the Paisley pattern. Paisley benefits from fantastic transport links including frequent bus and rail services connecting you to Glasgow City centre. Only a short drive away you will find Intu Braehead shopping centre where you will find all of the main high street brands under one roof. There are a number of excellent schooling options to choose from with Renfrewshire ranking as one of Scotland's top-performing council areas for education, whilst there is an abundance of highly reputable private schools to choose from that include The High School of Glasgow and Glasgow Academy in the West End, St Aloysius and Hutchesons Grammar in the Southside and Wellington Academy in Ayrshire.

Full Address: 146 Renfrew Road, Paisley, PA3 4BN

Show More

Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length:
Rent: £4,800 per year / £400 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £37,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

NO PRE-AUCTION OFFERS

You must bid at the live auction for this lot. You may not submit an offer now on this property as the seller has instructed us to offer this lot at the auction room. View our guide on how to bid at the online auction for further instructions.

Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 23 January 2025, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue