Timed Online Auction

15 January 2021, 10am-4pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 1
  • Council Tax Search SAA

Description

Full Address: 114 Neilston Road, Flat 0-2, Paisley, PA2 6EW

Tenanted Ground Floor Flat located in residential area of Paisley. Ideal READY LET INVESTMENT property Close to town centre and Paisley Canal train station.

Currently tenanted at £300PCM (£3,600 Per Annum. Fantastic 11% Yield at current guide price. Perfect investment property with EXCELLENT return.

Local Sales Evidence; 104 Neilston Rd, Paisley, PA2 SOLD for £60,000 in Sept 2020*** 3 Rowan Wynd, Paisley PA2 SOLD for £72,050 in Sept 2020*** 2 Mary St, Paisley, PA2 SOLD for £67,000 in Sept 2020***

Popular amongst students from the University and professionals and key workers including doctors, nurses and Staff working at the Royal Alexandra Hospital (RAH) located nearby.

Neilston Road is located close to Paisley town Centre. The street has a high number of amenities and on main bus route. Paisley is Scotlandís largest town and located 7 miles from Glasgow City Centre.

Tenanted Ground Floor Flat located in residential area of Paisley. Ideal READY LET INVESTMENT property Close to town centre and Paisley Canal train station. Currently tenanted at £300PCM (£3,600 Per Annum. Fantastic 11% Yield at current guide price. Perfect investment property with EXCELLENT return. Local Sales Evidence; 104 Neilston Rd, Paisley, PA2 SOLD for £60,000 in Sept 2020*** 3 Rowan Wynd, Paisley PA2 SOLD for £72,050 in Sept 2020*** 2 Mary St, Paisley, PA2 SOLD for £67,000 in Sept 2020*** Popular amongst students from the University and professionals and key workers including doctors, nurses and Staff working at the Royal Alexandra Hospital (RAH) located nearby. Neilston Road is located close to Paisley town Centre. The street has a high number of amenities and on main bus route. Paisley is Scotlandís largest town and located 7 miles from Glasgow City Centre.

Paisley is Scotlandís largest Town and located only 7 miles from Glasgow City Centre. Host to Glasgow International Airport and Major Regional Institutions including the University of West of Scotland and Hospitals. The town is popular amongst students from the University 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. Intu Braehead Shopping Complex, Silverburn and Glasgow International Airport all nearby

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Tenancy Details

Type of Agreement: Basic Lease
Length: month to month
Rent: £3,600 per year / £300 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes:

Document Downloads

HOME REPORT (Available) LEGAL PACK (Available)

Location

Pricing Information & Bidding

Opening Bid: £24,750

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: 15 January 2021, 10am-4pm
Type: Timed Online Auction

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