NEXT DEADLINE FOR OFFERS Friday 22nd December 2017 at 5pm. Submit an Offer Now

Lot 21

Guide Price: £39,000 - Bid Now

1 Caledonia Street, Flat 3-1, Paisley, Renfrewshire, PA3 2JG


Key Features:

Internally Refurbished 2 Bedroom Flat located within a popular residential development in Paisley, Renfrewshire. Minutes from Glasgow Airport, Erskine Bridge & Paisley Gilmour Street train station. Currently tenanted on SAT agreement - £375 pcm - £4,500 per annum - 10% ROI at guide price - RICS HOME REPORT - £45,000


  • Comprises: Entrance hallway, living room (corner facing), modern fitted kitchen, modern bathroom and 2 large double bedrooms. Further benefits from close proximity to town centre, double glazing and communal gardens to the rear of the building. Excellent opportunity for investment or portfolio expansion as tenanted
  • SALES EVIDENCE: 17 Caledonia Street, Flat 1/R, (SOLD) £60,000. 28 Caledonia Street, Paisley (SOLD) £62,000. 52 Caledonia Street, Flat 1/1, Paisley (SOLD) £61,500, 20 Caledonia Street, Paisley (SOLD) £65,000. 25 Caledonia Street, Paisley (SOLD) £69,000. Paisley is located only 7 miles from Glasgow City Centre
  • Property benefits from secure Communal Entry System, well maintained Communal Close Areas and stairwell, Double Glazing, Electric Heating. Great opportunity for property that has been well located after -- Genuine opportunity for investor or first time buyer - Strong pool for tenant base as close to University
  • Occupying a top floor position in a popular urban pocket of Paisley, is this TWO bedroom flat - presented to the market in good internal condition. **Comparable sales: **1 Caledonia Street (SOLD) £64,000**4 Caledonia Street (SOLD) £68,000 **PRICED TO SELL** EPC - BAND G

Description:

Internally Refurbished 2 Bedroom Top Floor Flat located within a popular residential development in Paisley, Renfrewshire. Minutes from transport links, Erskine Bridge, Paisley Gilmour Street. Currently tenanted on SAT agreement - £375 pcm - £4,500 per annum - 10% ROI at present guide and reserve price. Comprises: Entrance hallway, living room (corner facing), modern fitted kitchen, modern bathroom and 2 large double bedrooms. Further benefits from close proximity to town centre, double glazing - Excellent opportunity for investment or residential portfolio expansion. SALES EVIDENCE: 17 Caledonia Street, Flat 1/R, (SOLD) £60,000. 28 Caledonia Street, Paisley (SOLD) £62,000. 52 Caledonia Street, Flat 1/1, Paisley (SOLD) £61,500, 20 Caledonia Street, Paisley (SOLD) £65,000. 25 Caledonia Street, Paisley (SOLD) £69,000. Occupying a top floor position in a popular urban pocket of Paisley, is this TWO bedroom flat - presented to the market in good internal condition. **Comparable sales: **1 Caledonia Street (SOLD) £64,000**4 Caledonia Street (SOLD) £68,000 *** PRICED FOR AUCTION SALE - READY MADE INVESTMENT PROPERTY *** EPC - BAND G

Location:


Paisley is located only 7 miles from Glasgow City Centre. Property benefits from secure Communal Entry System, well maintained Communal Close Areas and stairwell, Double Glazing, Electric Heating. Great opportunity for property that has been well located after -- Genuine opportunity for investor or first time buyer - Strong pool for tenant base as close to University.

Council Tax:


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:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.

Tenancy Details:


Type of Agreement Short Assured Tenancy (SAT)
Length 6 Month
Rent £4,500 per year / £375 per month
Yield 11.5% (at guide price)
Tenant Private Individual
Notes:

Guide Price: £39,000 - Bid Now


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...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

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...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    05 February 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.