Lot 3k

Guide Price: £30,000 - Bid Now

60 Causeyside Street, Paisley, Renfrewshire, PA1 1YW


Key Features:

***NEW ENTRY*** INVESTMENT 5 PRIVATE CAR PARKING SPACES IN PAISLEY TOWN CENTRE - 4 of 5 Let at low rents (1 vacant if let @ £100 PCM total rent £3,600 p/a - £300 pcm.) Low rents potential at £100 PCM PER SPACE (£1200 p/a) would generate £6,000 P/A scope for rental growth ***PRIME TOWN CENTRE LOCATION***


  • The five car park spaces being sold as 1 LOT. LOW RENTS - Kebab City rent £40 per month They keep a portacabin on the space - VERY LOW RENT. Phelps Butchers rent £60 per month. LG Dyer rent £60 per month. Gavin Simpson rent £60 per month. One vacant space REMAINING rental potential £100 per month. ***ALL RENTS ARE VERY LOW POTENTIAL FOR INCREASE AS MONTH TO MONTH LEASES.***
  • Causeyside St is main retailing street in lead in to Shopping Centre Train Station and close to Paisley Uni. 5 car park spaces which THEY are renting to other shop owners on a monthly basis . The area is fenced and gated with a padlock on the gate . TOTAL RENTAL POTENTIAL CURRENTLY £300 PCM - £3600 PER ANNUM IF 1 VACANT SAPCE LET AT £100 PCM.
  • Potential long term development potential of the site subject to consents also. IDEAL INCOME PRODUCING INVESTMENT WITH RENTAL GROWTH POTENTIAL OR FOR OWNER OCCUPATION USE.
  • This excellent affordable turn key investment opportunity expected to be popular for rental 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 away.

Description:

***NEW ENTRY*** INVESTMENT 5 PRIVATE CAR PARKING SPACES IN PAISLEY TOWN CENTRE - 4 of 5 Let at low rents (1 vacant if let @ £100 PCM total rent £3,600 p/a - £300 pcm.) Low rents potential at £100 PCM PER SPACE (£1200 p/a) would generate £6,000 P/A scope for rental growth ***PRIME TOWN CENTRE LOCATION*** The five car park spaces being sold as 1 LOT. LOW RENTS - Kebab City rent £40 per month They keep a portacabin on the space - VERY LOW RENT. Phelps Butchers rent £60 per month. LG Dyer rent £60 per month. Gavin Simpson rent £60 per month. One vacant space REMAINING rental potential £100 per month. ***ALL RENTS ARE VERY LOW POTENTIAL FOR INCREASE AS MONTH TO MONTH LEASES.*** Causeyside St is main retailing street in lead in to Shopping Centre Train Station and close to Paisley Uni. 5 car park spaces which THEY are renting to other shop owners on a monthly basis . The area is fenced and gated with a padlock on the gate . TOTAL RENTAL POTENTIAL CURRENTLY £300 PCM - £3600 PER ANNUM IF 1 VACANT SAPCE LET AT £100 PCM. Let at low rents spaces if each space let at £100 PCM would generate £500 PCM - £6,000 p/a. Potential long term development potential of the site subject to consents also. IDEAL INCOME PRODUCING INVESTMENT WITH RENTAL GROWTH POTENTIAL OR FOR OWNER OCCUPATION USE.

Location:


This excellent affordable turn key investment opportunity expected to be popular for rental 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 away. Braehead Shopping Centre is easily accessed as is the Intu Centre. 5 VERY CENTRAL CAR PARKING SPACES WOULD LET WELL AND POTENTIAL FOR RENTAL GROWTH GIVEN TOWN CENTRE LOCATION.

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 Basic Lease
Length Ongoing
Rent £2,640 per year / £220 per month
Yield 8.8% (at guide price)
Tenant Private Individual
Notes: Kebab City rent £40 per month They keep a portacabin on the space - VERY LOW RENT. Phelps Butchers rent £60 per month. LG Dyer rent £60 per month. Gavin Simpson rent £60 per month. One vacant space REMAINING rental potential £100 per month.

Guide Price: £30,000 - 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:

    01 May 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.