Traditional 1 Bedroom tenement Flat close to Town Centre & University benefiting from existing tenant in situ **TURN KEY INVESTMENT** First floor flat minutes from University campus. TENANTED - £275 PCM - £3,300 PER ANNUM. RICS HOME REPORT - £42,000
- Preferred traditional tenement building. 62A Broomlands St Sold £70k (02/10), 38 Broomlands St Sold £60,000 (01/10) - current rental income at £275 per calendar month almost 10% yield. On street parking directly outside the property.
- Comprises hallway, lounge, fitted kitchen, double bedroom and bathroom - Ideal investor property with tenant in occupation. University of West of Scotland & Royal Alexandra within minutes providing good rental market - Extensive tenant base
- Braehead Complex, Silverburn Shopping Centre & Glasgow Airport within 20 mins - ideal commute for Paisley town centre - Glasgow approximately 20 minutes by train. Paisley Gilmour Street (10 minutes walk). Glasgow Airport and M8 motorway connections within minutes
- Paisley is a popular rental location for students studying at The University of The West of Scotland, Key Workers at Glasgow Airport & The Royal Alexandra Hospital.***Located within the Heart of the Town Centre this property is located next to The High Street & The Paisley Centre. EPC - BAND C
Description:Well Presented tenanted one bedroom flat within traditional sandstone tenement. This property has been modernised and comprises entrance hallway, large double bedroom, front facing open plan living room/kitchen & bathroom. ***Affordable apartment in popular locale.*** Tremendous rental return. This excellent affordable turn key investment opportunity is currently tenanted at £275 per calendar month offering an excellent almost 10% yield. SALES EVIDENCE OF NOTE - 62A Broomlands Street Sold £70k (02/10), 38 Broomlands Street Sold £60k (01/10).
Paisley is Scotland’s largest Town and is located only 7 miles from Glasgow City Centre. It is the administrative centre for Renfrewshire and is host to Glasgow International Airport and Major Regional Institutions including the University of West of Scotland & Hospitals.Popular amongst students from the University of The West of Scotland 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. Furthermore, the Town Centre’s popular shopping facilities are nearby and Braehead Shopping Centre is easily accessed as is the Xscape Leisure Centre.
CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.
Ownership & Occupation:
Freehold- Outright ownership of the property and land on which it stands.
Tenanted- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
|Type of Agreement||Short Assured Tenancy (SAT)|
|Rent||£3,300 per year / £275 per month|
|Yield||11.0% (at guide price)|
Enhanced Buying Terms:
|Discounted Buyers Fee||£1,500 (inc vat)|
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 at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.
Bid Now Explained:
You may submit an offer now on any of our live properties for the sellers to consider. 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.
Internal Open Viewings:
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime:
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
Offer Now:You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person:Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live:
If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Bid by Proxy: (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
24 October 2017
Glasgow Radisson Hotel
301 Argyle Street, G2 8DL