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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 1
  • Council Tax: Search

RESIDENTIAL INVESTMENT OPPORTUNITY in the heart of Paisley. Attractive and well-presented second floor flat in extremely popular rental location. TRADITIONAL Paisley FLAT. Freehold Residential Sale.

Comprises: Second Floor Studio Flat with hallway, sitting room with bedroom, separate kitchen and bathroom. Close to Neilston Road amenities. Tenanted Residential Investment Property.

Secure entry on main door and traditional features. The University of the West of Scotland is located within walking distance of the property - High rental demand within the immediate area.

LOCAL SALES - 17/1, Espedair Street, Paisley, Renfrewshire, PA2 6NT sold for £72,000 (March 2021). 17 Flat G2, Espedair Street, Paisley, PA2 6NT sold for £67,500 (Feb 2021). TRADITIONAL PAISLEY FLAT.

Tenanted Studio Flat located within a popular area just off Neilston Road. Traditional second floor flat close to Paisley Campus, University of the West of Scotland (UWS).

Studio flat priced to appeal to residential landlord. Tenant in situ paying £310 pcm. All payments up to date. Excellent Tenant. Low rent for property - Should be around £350-£400 per month. Managed by Letting Agency - Perfect Buy-to-Let Investment Flat with tenant in place since 2019 located within an area of high tenant demand. COMPRISES: Second Floor Studio Flat with hallway, sitting room with bedroom, separate kitchen and separate bathroom. Close to Neilston Road amenities. Tenanted Investment Property. Established residential locality where surrounding properties are of mixed age and style of construction. Local facilities are available within walking distance. Paisley Canal train station with links to Glasgow Central also within walking distance. Paisley offers numerous shops, leisure facilities, primary and secondary schooling as well as Paisley Gilmour Street train station and regular bus links. Local Sales: 17 Flat G2, Espedair Street, Paisley, Renfrewshire, PA2 6NT sold for £65,000 (Feb 2024). 15 Espedair Street, Flat 0-2, Paisley, Renfrewshire, PA2 6NT sold for £81,000 (Nov 2023). 36 Gordon Street, Flat 1-2, Paisley, Renfrewshire, PA1 1XA sold for £74,000 (Feb 2024). 110 Saucel Crescent, Flat 2/7, Paisley, Renfrewshire, PA1 1SX sold for £83,500 (January 2024). Buy-to-Let Opportunity. Freehold Residential Sale. Tenant in Place. Paisley, Renfrewshire. Cobbled traditional street. On street parking. Communal gardens. The current tenants have lived in the property for several years (since 2019) and have consistently paid their rent for the duration of their tenancy. Rent agreed at £310 paid to letting agent. The building features secure door entry on main door and traditional features - The University of the West of Scotland is located a short distance from the property - Strong rental population in the immediate area. The property is conveniently located within a short distance of all local amenities and transport routes - train and bus routes within 5 minutes and ideally located for M8 access to the main motorway network.

Paisley, located on the West Coast of Scotland is Scotland’s largest town, most commonly known for its weaving industry and the Paisley pattern. The town has countless amenities including Morrisons Supermarket, Marks&Spencer and the west of Scotland University just to name a few. 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 Braehead shopping centre where you will find all of the main high street brands under one roof. Paisley sits close to Glasgow airport and the M8 motorway network providing access to Glasgow and all points beyond. There are frequent bus services and two railway stations, which makes it ideal for commuting. Local shopping is available close by including supermarkets and a wider selection of High Street stores are found in Paisley town centre. Excellent local schooling is available at both primary and secondary level. Paisley University and the Royal Alexandra Hospital are also in Paisley, creating much demand for buy to let properties.

Full Address: 5 Espedair Street, Flat 2-2, Paisley, Renfrewshire, PA2 6NT

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Map & Location

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £3,720 per year / £310 per month
Yield: 23% (approx)
Tenant: Private Individual
Notes: Rental income currently £310 pcm - £3,720 per annum. PERFECT FOR INVESTMENT with immediate INCOME RETURN. Tenanted since 2019.

Document Downloads

Home Report (Available) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £16,000

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 = 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.

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Auction Details

Date & Time: 01 May 2025, 10am-3pm
Type: Timed Online Auction

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