Tenanted Commercial Property LOT 130

 3 Storage Units at Linwood Point, Paisley, PA1 2FB
OPENING BID

Timed Online Auction

29 January 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Leasehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address:  3 Storage Units at Linwood Point, Paisley, PA1 2FB

3 storage units within the popular Linwood Point development. 1 x 25sqft storage pod and 2 x 35sqft storage pods with 2 currently let for a total rent of 1,256 per annum and 3rd to be let for 628 per annum giving total annual rent of 1,884.

Self Storage Companies in the UK have seen the highest growth and highest yielding returns within the commercial property sector over the last decade. At guide price this investment gives a return of 14.5% when fully let.

Guaranteed income and what is fast becoming an investment revolution. A Storepod is an individual, high security storage unit set in a Store First self storage Centre. This is the easiest way to allow both individuals and businesses to keep belongings, in a secure and safe storage facility with 24-hour access 7-days a week.

Properties being sold 30% below true market value with a purchase direct for the company totalling almost 14,500. HIGH YIELDING MODERN INVESTMENT PROPERTY in high demand location close to Glasgow Airport and City Centre

175 year ground lease on property. Suitable for SIPP purchase. Full 24 hour CCTV and state of the art alarm system.

3 storage units within the popular Linwood Point development. 1 x 25sqft storage pod and 2 x 35sqft storage pods with 2 currently let for a total rent of 1,256 per annum and 3rd to be let for 628 per annum giving total annual rent of 1,884. Self Storage Companies in the UK have seen the highest growth and highest yielding returns within the commercial property sector over the last decade. At guide price this investment gives a return of 14.5% when fully let. Guaranteed income and what is fast becoming an investment revolution. A Storepod is an individual, high security storage unit set in a Store First self storage Centre. This is the easiest way to allow both individuals and businesses to keep belongings, in a secure and safe storage facility with 24-hour access 7-days a week. Properties being sold 30% below true market value with a purchase direct for the company totalling almost 14,500. HIGH YIELDING MODERN INVESTMENT PROPERTY in high demand location close to Glasgow Airport and City Centre.

Paisley has a population of some 120,000 persons and is the largest town in Scotland and the administrative hub for Renfrewshire Council. Benefits form Nil rates under current rate relief scheme. Further details available on the Assessors website. Paisley is a busy, vibrant town situated on the banks of the River Cart in Renfrewshire. Offering all the amenities of a large town and with a friendly, welcoming character, you will find Paisley has a great mix of history and modern facilities. The property is very well situated for accessing local public transport links including Paisley Gilmour Street railway and bus station, Canal Street Station as well as access to the M8 motorway. There are many local sports facilities, including swimming and ice-skating at the Lagoon Leisure Centre

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Tenancy Details

Type of Agreement: Basic Lease
Length: rolling
Rent: 1,884 per year / 157 per month
Yield: 19% (approx)
Tenant: Private Individual
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £7,500

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 = 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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