GUIDE PRICE

Deadline for Offers

25 June 2021, 4pm

Bidding Closes in

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

Description

Full Address: 8 Muir Street, Flat 2-1, Renfrew, PA4 8PN

Tenanted ONE BEDROOM FLAT in refurbished Traditional Tenement Building. Situated within Renfrew Town Centre. Parking across from the property. Currently on PRT agreement for 350 per month.

COMPRISES: Entrance Hall, Living Room, Bedroom, Kitchenette and Bathroom. J & E Shepherd RICS Home Report - 42,000 (June 2021). Net Internal Floor Area: 46m2. Traditional Flat with secure door entry.

SALES EVIDENCE: 8 Muir Street SOLD 52,000, 8 Muir Street SOLD 48,000, 10 Muir Street SOLD 50,000, 4 Muir Street SOLD, 52,000. Ideal Buy to Let Investment Property to be sold at auction.

Tenure: Freehold. Council Tax Band A *IMMEDIATE INCOME PRODUCING INVESTMENT* Tenanted 1 bedroom, second floor flat located in the heart of the popular Royal Burgh town of Renfrew.

Sought after town located close to Glasgow. Popular district for home owners and investors near to recreational centres such as the Soar INTU Braehead and The XScape Centre. EPC Rating - Band D.

Tenanted ONE BEDROOM FLAT in refurbished Traditional Tenement Building. Situated within Renfrew Town Centre. Parking across from the property. Currently on PRT agreement for 350 per month - 4,200 per annum - PRT Agreement. Tenancy agreement available on request - 6 months paid up front. Tenancy commenced 30th October 2020. IMMEDIATE INCOME PRODUCING PROPERTY MANAGED BY LETTING AGANCY. Professionally factored building maintained by Indigo Square Property Ltd (Glasgow) (Indigo Square). COMPRISES: Entrance Hall, Living Room, Bedroom, Kitchenette and Bathroom. J & E Shepherd RICS Home Report - 42,000 (June 2021). Net Internal Floor Area: 46m2. Traditional Flat with secure door entry at ground level and on street parking. Tenure: Freehold. Council Tax Band A *IMMEDIATE INCOME PRODUCING INVESTMENT* Tenanted 1 bedroom, second floor flat located in the heart of the popular Royal Burgh town of Renfrew. LOCAL SALES EVIDENCE: 8 Muir Street SOLD 52,000, 8 Muir Street SOLD 48,000, 10 Muir Street SOLD 50,000, 4 Muir Street SOLD, 52,000. Ideal Residential Buy to Let Investment Property to be sold at public auction.

Renfrew offers local shopping, schooling and public transport facilities. There are a number of Primary schools in the area as well as two secondary schools within walking distance of the property. Vibrant and cosmopolitan residential district conveniently located for the social hub at nearby INTU and SOAR at Braehead with excellent shopping and entertainment amenities and an abundance of well know shops and brand names. There is also a cinema, snow dome and ice rink all with free car parking. Furthermore, M8 motorway links Glasgow International Airport, Paisley and Glasgow City Centre are all very accessible. Renfrew offers many local shops and amenities both in the town centre and along Paisley Road. There are excellent transport links with local bus service connecting to Renfrew, Paisley and Glasgow. Also within close proximity are excellent primary and secondary schooling. HIGH DEMAND COMMUTER LOCATION.

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: 3,600 per year / 300 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: Currently tenanted on PRT agreement at 350 per month. Annual income is 4,200. Managed by Professional Letting Agency. All payments up to date. Deposit held in deposit scheme. Tenancy commenced 30th October 2020.

Document Downloads

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Location

Pricing Information & Bidding

Guide Price: £42,000


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: 25 June 2021, 4pm
Type: Deadline for Offers

View Full Auction Catalogue

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