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4  Canal Terrace, Flat 2-2  Paisley

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Description

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

Two Bedroom second floor flat with balcony in a four storey block of eight flats. Built circa 1960. Currently tenanted and generating £765 pcm providing investors with immediate rental return.

The accommodation comprises of - Entrance hallway, living room with balcony, kitchen, two bedrooms and one bathroom. Features UPVC double glazing and gas central heating with Vokera boiler.

Surrounding properties are of a similar age and type. Paisley Canal and Paisley Gilmour Street train stations offer daily connections to Glasgow Central. COMMUNAL GARDENS. £765 RENT PCM.

RICS Home Report = £90,000 (Ninety Thousand Pounds) - December 2025. Residential Tenanted Investment Property. Currently rented at £765 per month (£9,180 per year). All rental payments up to date.

TENANTED INVESTMENT - Located within easy access to M8 Motorway Network allows for a quick commute to Glasgow City Centre. Tw0 bedroom first floor flat with communal garden access. Freehold.

4 CANAL TERRACE, FLAT 2-2, PAISLEY, PA1 2HS - The property is a tenanted Two Bedroom with Balcony second floor flat in a four storey block of eight flats. Built circa 1960. RICS Home Report = £90,000. EPC Rating - Band C. The property is served by a mains gas supply with the meter located in the kitchen - Central heating and hot water is provided by way of gas fired central heating system located within kitchen (Vokera Unica i32). The accommodation comprises of - Entrance hallway, living room with balcony, kitchen, two bedrooms and one bathroom. Features UPVC double glazing and gas central heating with Vokera boiler. Communal areas include drying area, bin store, parking area and launderette facility and shared access to other flats via secure close to communal stairwell. Well maintained internally. RENTAL AGREEMENT - Currently tenanted and generating £765 pcm, this property provides investors with immediate rental income from day one of ownership. PERFECT PURCHASE FOR BUY TO LET INVESTOR - Currently Tenanted.

Tenancy Details

Type of Agreement: Private Residential Tenancy (PRT)
Length: Annual
Rent: £8,220 per year / £685 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Currently rented at £765 per month (£9,180 per year). All rental payments up to date.

Maps & Location

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Paisley offers numerous shops, leisure facilities, primary and secondary schooling as well as Paisley Gilmour Street train station and regular bus links. Paisley provides easy access to Braehead Shopping Centre as well as the Arena and the M8 motorway network giving access to Glasgow city centre and Glasgow International Airport. Canal Terrace is ideally positioned within walking distance of Paisley University and Paisley Town Centre, providing a wide variety of shops, amenities, and excellent transport links. Highly convenient central Paisley location. It is just a short walk from the University of the West of Scotland, making it particularly attractive for the student rental market. The area also offers excellent transport links, with Paisley Canal and Gilmour Street train stations within easy reach, providing quick access to Glasgow city centre and beyond. Local shops, cafes, bars, and supermarkets are all close by, and the beautiful Paisley Abbey, Canal Street, and Paisley Town Centre amenities are just a few minutes' walk away.

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Pricing Information & Bidding

Opening Bid: £70,000

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 & Conditions of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 2% of Sale Price (Minimum £2,500 + 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 - 4Canal Terrace, Flat 2-2, Paisley






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