Timed Online Auction

02 December 2021, 10am-3pm

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

Description

Full Address: 3B Cyril Street, Tenanted Investment, Paisley, PA1 1RW

**IMMEDIATE INCOME PRODUCING INVESTMENT PROPERTY** Tenanted, modern 2 bedroom flat located in Paisley with long-term tenant paying £5,040 per annum. RICS HOME REPORT VALUE- £90,000

Modern ground floor property comprising entrance hallway, lounge, kitchen, bathroom and 2 double bedrooms. Gas Central Heating, Double Glazing, Secure Entry, Private parking and alarm.

Settled long-term tenant with excellent payment history. Tenant has been in the property since 2012. Guaranteed rental income of £420pcm (£5,040 per annum). Realistic rental of up to £500pcm (£6,000 per annum) for property in this location.

RECENT SALES: 1G Cyril Street, Paisley, £98,000- Dec 2019 1/3 Cyril Street, Paisley, £105,188- Jun 2019 All certification in place and up to date. PERFECT INVESTMENT

SUPER RENTAL LOCATION close to town centre, local supermarkets, train station, M8 motorway and RA Hospital. Perfect for access to Glasgow City Centre and Glasgow International Airport.

***RICS HOME REPORT VALUATION- £90,000***IMMEDIATE INCOME PRODUCING INVESTMENT PROPERTY** Tenanted, modern 2 bedroom flat located in the heart of the popular town of Paisley with settled tenant in place since 2012 paying £4200pcm. Modern ground floor property comprising entrance hallway, lounge, kitchen, bathroom and 2 double bedrooms. Gas Central Heating, Double Glazing, Secure Entry, Private parking and alarm. Settled long-term tenant with excellent payment history. Tenant has been in the property since 2012. Guaranteed rental income of £410pcm (£5,040 per annum). Realistic rental of up to £500pcm (£6,000 per annum) for property in this location. RECENT SALES: 1G Cyril Street, Paisley, £98,000- Dec 2019 1/3 Cyril Street, Paisley, £105,188- Jun 2019 All certification in place and up to date. PERFECT INVESTMENT SUPER RENTAL LOCATION close to town centre, local supermarkets, train station, M8 motorway and RA Hospital. Perfect for access to Glasgow City Centre and Glasgow International Airport.

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: £4,920 per year / £410 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes: long term tenant. Tenant in place since 2012

Document Downloads

HOME REPORT AVAILABLE - Download Now   LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Opening Bid: £60,000

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 = 2.5% 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: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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