For sale by auction on Thursday, 09 May 2024 at 14:00

Venue: Radisson Red, 25 Tunnel Street ? G3 8HL

Rental income available from day one from this tenanted one bedroom flat in Paisley. Situated on the top (third) floor of a traditional tenement block, the accommodation comprises open plan lounge/kitchen, bedroom and bathroom. The current rental income of ?375pcm offers an impressive gross yield in excess of 15% at Guide Price, with market comparables suggesting that a rent increase could be readily justified. In addition to the immediate income, a massive discount approaching 30% against Home Report value of ?40,000 offers instant equity for the purchaser. An excellent addition to a buy to let portfolio, or as a start on the investment ladder, we expect strong levels of demand for this one. Early expression of interest is essential. Council Tax Band: A.



Please note that the walkthrough video was pre-tenancy and is not indicative of the current condition of the property.

Area
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.

EPC Rating: D

Viewings
02 May 2024 11:00-11:30

Additional Fees
Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of ?3600 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.