OPENING BID

Timed Online Auction

02 December 2021, 10am-3pm

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  • TypeFlat
  • Ownership Freehold
  • Occupation Tenanted
  • Bedrooms 2
  • Council Tax Search SAA

Description

Full Address: 3 Charles Avenue, Renfrew, PA4 8RS

Tenanted TWO BEDROOM GROUND FLOOR FLAT in ex local authority building SAT agreement for 450 per month - 5,400 per annum. Major re-generation in local area in recent years. Quiet cul-de-sac street.

COMPRISES: Main door entry at ground level. Hallway. Lounge. Two Bedrooms. Kitchen and Bathroom. Perfect for landlord looking for manageable rental property in quiet area with resident's parking.

Council Tax Band A *IMMEDIATE INCOME PRODUCING INVESTMENT* Tenanted 2 bedroom, ground floor flat located in the heart of the popular Royal Burgh town of Renfrew. Tenure: Freehold.

Positioned near to Aldi supermarket just off the main street. Ground floor flat. Ideal distance to Silverburn and Glasgow City Centre both convenient. Asset Management Potential.

Sought after town located close to Glasgow. Popular district for home owners and investors near to recreational centres such as the Soar INTU Braehead and The XScape Centre.

Seldom Available Auction Property. Tenanted TWO BEDROOM GROUND FLOOR FLAT in ex local authority building within Renfrew. Currently on SAT agreement for 450 per month - 5,400 per annum. NEW TO MARKET - Quiet cul-de-sac street. COMPRISES: Main door entry at ground level. Hallway. Lounge. Two Bedrooms. Kitchen and Bathroom. Perfect for landlord looking for manageable rental property. Freehold Sale. On street parking. Positioned near to Aldi supermarket just off the main street. Ground floor flat. Ideal distance to Glasgow city centre - approximately 10 minutes by train from train station in Paisley. Tenure: Freehold. Council Tax Band A *IMMEDIATE INCOME PRODUCING INVESTMENT* Tenanted 2 bedroom, ground floor flat located in the heart of the popular Royal Burgh town of Renfrew.

Renfrew 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. Popular residential district conveniently located for the social hub at nearby INTU and SOAR at Braehead with excellent shopping and entertainment amenities and an abundance of well know shops and brand names. There is also a cinema, snow dome and ice rink all with free car parking. Furthermore, M8 motorway links Glasgow International Airport, Paisley and Glasgow City Centre are all very accessible. Renfrew offers many local shops and amenities both in the town centre and along Paisley Road. There are excellent transport links with local bus service connecting to Renfrew, Paisley and Glasgow.

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Tenancy Details

Type of Agreement: Short Assured Tenancy (SAT)
Length: Annual
Rent: 5,400 per year / 450 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: Tenanted on SAT (Short Assured Tenancy) agreement at 450 per month. Annual income 5,400. All payments up to date. Older style lease agreement.

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Location

Pricing Information & Bidding

Opening Bid: £50,000

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 = 2.5% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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