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Description
- Status: Available
- Type: Flat
- Ownership: Freehold
- Occupation: Tenanted
- Bedrooms: 1
- Council Tax: Search
**TURN KEY INVESTMENT** Tenanted one bedroom modern flat located close to Historic Renfrew Town Centre. Current RENTAL INCOME at £425 per calendar month. IDEAL FOR INVESTOR LANDLORD
Internally comprising of Hall, lounge, Fitted kitchen, bedroom and bathroom. Property is in good order throughout - LONG TERM TENANT - ideal for professional workers located in Paisley or Renfrew.
Further benefits from GAS CENTRAL HEATING off combi boiler, timber double glazing, off road parking and well maintained communal areas. RENTAL INCOME £5100 per Annum.
HIGH DEMAND LOCALLY - Renfrew is a town of Historic repute as
**COMPARABLE SALES**1 Bed Paisley Road, same block, sold 2022 at £55,000**1 Bed Modern flat Porterfield Road currently marketed o/o £85,000**1 Bed 7c Paisley Road sold 2024 at £68,000**
**TURN KEY INVESTMENT** Tenanted one bedroom modern flat located close to Historic Renfrew Town Centre. Current RENTAL INCOME at £425 per calendar month. IDEAL FOR INVESTOR LANDLORD. Further benefits from GAS CENTRAL HEATING off combi boiler, timber double glazing, off road parking and well maintained communal areas. RENTAL INCOME £5100 per Annum. Further benefits from GAS CENTRAL HEATING off combi boiler, timber double glazing, off road parking and well maintained communal areas. RENTAL INCOME £5100 per Annum. HIGH DEMAND LOCALLY - Renfrew is a town of Historic repute as
Tenancy Details
Type of Agreement: Private Residential Tenancy (PRT)Length:
Rent: £5,100 per year / £425 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes:
Maps & Location
Map Street View SatelliteRenfrew is a well-populated town, roughly 8 miles from Glasgow City Centre and easily accessed via the M8. Its close proximity to the city, as well as wide range of amenities including the Braehead Shopping Centre and Xsite Centre, makes it a busy town with a high tenant demand. Excellent access to Glasgow Airport, Reid Kerr and Cardonald Colleges, Glasgow / Strathclyde & Caledonian Universities. Renfrew itself 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. Paisley Road is the main thoroughfare to the town of Paisley, with its plethora of amenities.
Document Downloads
Pricing Information & Bidding
Opening Bid: £37,000
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). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £4,000 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 154BPaisley Road, Renfrew