Timed Online Auction

29 January 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 5
  • Council Tax Search SAA

Description

Full Address:  Portfolio of 4 Flats in Renfrew, Renfrew, PA4 8QD

Portfolio of 4 flats located in popular residential area in Renfrewshire. Three flats currently tenanted with a Combined Rental Income of 1,030PCM (12,360P/A) ***EXCELLENT INVESTMENT OPPORTUNITY***

Portfolio Comprises: 3 x 1 bedroom flats and 1 x 2 bedroom flat. Three of the flats are tenanted and one is currently vacant. Located in extremely popular rental area close to amenities.

Combined Rental Income - 1,030PCM (12,360 Per Annum). Ideal investment opportunity for landlord/property investor looking to build or expand portfolio.

Renfrew offers local shopping, schooling and public transport facilities. There are excellent transport links with local bus service connecting to Renfrew, Paisley and Glasgow.

Sought after town located close to Glasgow. Popular district for investors near to recreational centres such as the INTU Braehead arena and Braehead Soar.

Portfolio of 4 flats located in popular residential area in Renfrewshire. Three flats currently tenanted - Combined Rental Income - 1,030PCM (12,360P/A) ***EXCELLENT INVESTMENT OPPORTUNITY*** Portfolio Comprises: 3 x 1 bedroom flats and 1 x 2 bedroom flat. Three of the flats are tenanted and one is currently vacant. Located in extremely popular rental area close to amenities. 24E Kirklandneuk Road, Renfrew, PA4 9DR - 2 bedroom flat currently tenanted at 350PCM (4,200 Per Annum) tenant has been in situ since 2005. 5 Manse Street, Flat 3/2, Renfrew, PA4 8QH - vacant 1 bedroom flat. EPC Band G. Building is Factored by Hacking and Paterson. 30 Canal Street, Flat 3-1, Renfrew, PA4 8QD - 1 bedroom flat currently tenanted at 350PCM (4,200 Per Annum) tenant has been in situ since July 2020. Building is factored by Hacking and Paterson. 4 Houston Street, Flat 2-1, Renfrew, PA4 8NR - 1 bedroom flat currently tenanted at 330PCM (3,960 Per Annum) long term tenant. Building is factored by Indigo Square. Combined Rental Income - 1,030PCM (12,360 Per Annum). Ideal investment opportunity for landlord/property investor looking to build or expand portfolio. Extremely popular rental area close to amenities. Local Sales Evidence; 95 Kirklandneuk Road, Renfrew, PA4 9DR - 2 bed previously SOLD for 91,000 in Sept 2019*** 5 Manse Street, Renfrew, PA4 8QH previously SOLD for 65,000 in Sept 2019*** 4 Canal Street, Renfrew, PA4 8QD - 1 bed previously SOLD for 87,000 in March 2018*** 10 Houston Street, Renfrew, PA4 8NR previously SOLD for 46,000*** There are excellent transport links with local bus service connecting to Renfrew, Paisley and Glasgow. Renfrew offers local shopping, schooling and public transport facilities. There are a number of Primary schools in the area as well as two secondary schools within walking distance of the property. Vibrant and cosmopolitan residential district conveniently located for the social hub at nearby INTU and SOAR at Braehead with excellent shopping and entertainment amenities and an abundance of well know shops and brand names. There is also a cinema, snow dome and ice rink all with free car parking. Furthermore, M8 motorway links Glasgow International Airport, Paisley and Glasgow City Centre are all very accessible.

Renfrew offers many local shops and amenities both in the town centre and along Paisley Road. There are excellent transport links with local bus service connecting to Renfrew, Paisley and Glasgow. Renfrew offers local shopping, schooling and public transport facilities. There are a number of Primary schools in the area as well as two secondary schools within walking distance of the property. Vibrant and cosmopolitan residential district conveniently located for the social hub at nearby INTU and SOAR at Braehead with excellent shopping and entertainment amenities and an abundance of well know shops and brand names. There is also a cinema, snow dome and ice rink all with free car parking. Furthermore, M8 motorway links Glasgow International Airport, Paisley and Glasgow City Centre are all very accessible.

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Tenancy Details

Type of Agreement: Basic Lease
Length:
Rent: 12,360 per year / 1,030 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes:

Document Downloads

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Location

Pricing Information & Bidding

Opening Bid: £133,500

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week entension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 29 January 2021, 10am-4pm
Type: Timed Online Auction

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