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Description

  • Status: Available
  • Type: Flat
  • Ownership: Freehold
  • Occupation: Tenanted
  • Bedrooms: 2
  • Council Tax: Search

**EXCELLENT INVESTMENT OPPORTUNITY** in the heart of Paisley. Attractive and well-presented first floor TWO BEDROOM flat in extremely popular rental location. TRADITIONAL PAISLEY FLAT. Freehold Sale.

Comprises: FIRST FLOOR : Entrance hallway, sitting room, two bedrooms, kitchen and bathroom. Close to Neilston Road amenities. Guide price SET on the instruction to Sell. Tenanted Investment.

Secure door entry on main door and traditional features - The University of the West of Scotland is located a short distance from the property - Strong rental population in the immediate area.

SALES: 17/1, Espedair Street, Paisley, Renfrewshire, PA2 6NT sold for £72,000 (March 2021). 17 Flat G2, Espedair Street, Paisley, PA2 6NT sold for £67,500 (Feb 2021). TRADITIONAL PAISLEY FLAT.

Close to town centre for many amenities including university campus (directly across the road) in the west end, Royal Alexandra Hospital (RAH), local shops, supermarkets and bars on Causeyside Street.

**EXCELLENT INVESTMENT OPPORTUNITY** in the heart of Paisley. Attractive and well-presented first floor TWO BEDROOM flat in extremely popular rental location. TRADITIONAL PAISLEY FLAT. Freehold Sale. Two Bedroom Flat in popular location with tenant in place paying £450 per month. Low rent for Area. Likely to attract enquiries from Serious Investors and Developers. Buy-to-Let Opportunity. Easy access to local amenities. Situated within the popular Renfrewshire town of Paisley. Established mixed residential/commercial locality where surrounding properties are of mixed age and style of construction. Local facilities are available within reasonable distance. Perfect Buy-to-Let Investment Flat located within an area of high tenant demand. Prime Auction Lot priced to appeal to residential landlord. Tenant in situ paying £450 pcm. All payments up to date. Excellent tenant. Low rent for property - Should be higher for 2 bedroom property in Paisley. Private Residential Tenancy agreement. Managed by Local Letting Agency. Local Sales: 17 Flat G2, Espedair Street, Paisley, Renfrewshire, PA2 6NT sold for £65,000 (Feb 2024). 15 Espedair Street, Flat 0-2, Paisley, Renfrewshire, PA2 6NT sold for £81,000 (Nov 2023). 36 Gordon Street, Flat 1-2, Paisley, Renfrewshire, PA1 1XA sold for £74,000 (Feb 2024). 110 Saucel Crescent, Flat 2/7, Paisley, Renfrewshire, PA1 1SX sold for £83,500 (January 2024). Freehold Residential Sale. Tenant in Place. Cobbled traditional street. On street parking. Communal gardens. NEW TO MARKET. Secure door entry on main door and traditional features - The University of the West of Scotland is located a short distance from the property - Strong rental population in the immediate area. Close to town centre for many amenities including university campus (directly across the road) in the west end, Royal Alexandra Hospital (RAH), local shops, supermarkets and bars on Causeyside Street.

Paisley, located on the West Coast of Scotland is Scotland’s largest town, most commonly known for its weaving industry and the Paisley pattern. The town has countless amenities including Morrisons Supermarket, Marks & Spencer and the west of Scotland University just to name a few. Paisley benefits from fantastic transport links including frequent bus and rail services connecting you to Glasgow City centre. Only a short drive away you will find Braehead shopping centre where you will find all of the main high street brands under one roof. Paisley sits close to Glasgow airport and the M8 motorway network providing access to Glasgow and all points beyond. There are frequent bus services and two railway stations, which makes it ideal for commuting. Local shopping is available close by including supermarkets and a wider selection of High Street stores are found in Paisley town centre. Excellent local schooling is available at both primary and secondary level. Paisley University and the Royal Alexandra Hospital are also in Paisley, creating much demand for buy to let properties.

Full Address: 5 Espedair Street, Flat 1-1, Paisley, PA2 6NT

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Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £5,400 per year / £450 per month
Yield: 16% (approx)
Tenant: Private Individual
Notes: Rental income currently £450 pcm - £5,400 per annum. PERFECT FOR INVESTMENT and INCOME RETURN.

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Pricing Information & Bidding

Opening Bid: £34,000

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 = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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