OPENING BID

Timed Online Auction

02 June 2022, 10am-3pm

Bidding Closes in

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

Description

Full Address: 6 William Street, Johnstone, PA5 8DS

**Excellent Investment Opportunity** Two Bedroom Flat located in popular residential location within the popular town of johnstone in Renfrewshire. Currently Rented on SAT agreement.

Ground Floor property. COMPRISES: Entrance Hallway, Lounge, Kitchen, Two Double Bedrooms and Bathroom. Gas Central Heating System (recently installed) with condensing combi-boiler and Double Glazing.

Excellent rental location close to Johnstone town centre and within a short walk of the train station. Tenant in place paying 375 per month (Low Rent for 2 BED in area - Scope for increase).

*** VERY RARE TO MARKET - THESE FLATS RARELY COME TO MARKET *** PRIME COMMUTER ZONE FOR GLASGOW AS QUIET SIDE STREET BESIDE TRAIN STATION. Freehold Residential Sale - NEW TO MARKET*** LANDLORD SALE

2 BEDROOM LOWER Flat with access to garden***Excellent Size***Ideal Investment Pad close to Train Station***Primary and Secondary schooling is also available within close proximity.

Tidy TWO BEDROOM Ground Floor Flat in very well maintained building with tidy rear gardens and secure door entry. Perfect Renter - Being sold as a tenanted Investment (TENANT HAPPY TO STAY). Tenant in place paying 375 per month (Low Rent for 2 BED in area - scope for increase) - Professionally managed by letting agent - NEW TO MARKET - Lovely rental example with all certificates and SAT agreement in place. 4,500 per annum income. Ground Floor property. COMPRISES: Entrance Hallway, Lounge, Kitchen, Two Double Bedrooms and Bathroom. Gas Central Heating System (recently installed) with condensing combi-boiler and Double Glazing. *** VERY RARE TO MARKET - THESE FLATS RARELY COME TO MARKET *** PRIME COMMUTER ZONE FOR GLASGOW AS QUIET SIDE STREET BESIDE TRAIN STATION. Freehold Residential Sale - NEW TO MARKET*** LANDLORD SALE.

Popular and Quiet Residential Area of Johnstone, Renfrewshire for Access to All Local Amenities within Johnstone Town Centre, Schooling is Available within Close Proximity at All Levels with Excellent Transport Links to Glasgow City Centre and Beyond. The property is well placed to enjoy local amenities. Established schooling is available at primary and secondary levels. Nearby Paisley offers a more diverse selection of facilities including the Showcase Cinema at Phoenix Park. The area benefits from frequent public transport links providing fast commuter access to Glasgow City Centre, the nearby A737 by-pass road offers commuters access to the M8 motorway network leading to Glasgow Airport, Soar Intu Braehead and Glasgow City Centre.

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length: Annual
Rent: 4,500 per year / 375 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: RENTAL: 375 per month paid monthly on Short Assured Tenancy Agreement (SAT). 4,500 per annum income. All payments up to date - Tenants settled. Happy to stay.

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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: 02 June 2022, 10am-3pm
Type: Timed Online Auction

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