Studio for sale

• Prime Property Auctions New Entry. Tenanted Studio apartment located in sought after buy to let location of Paisley.
• * 8f, Calside Court, Paisley, Renfrewshire PA2 6DS sold for £47,000 July 2024, 22 0/4, Neilston Road, Paisley, Renfrewshire PA2 6LN sold for £50,000 July 2024 *
• Property is currently tenanted at £300 pcm which generates an annual income of £3,600. This would provide a gross rental yield of 12% if achieved for guide of £30,000.
• Sure to appeal to investor looking for easy investment opportunity providing immediate cashflow from day one.
• Property is located near a whole host of local amenities including many popular coffee shops, bars, delicatessens and restaurants - *PRIME LOCATION*

 

Prime Property Auctions New Entry. Tenanted Studio apartment located in sought after buy to let location of Paisley. Property is currently tenanted at £300 pcm which generates an annual income of £3,600. This would provide a gross rental yield of 12% if achieved for guide of £30,000.

 

Property comprises: Entrance hallway, Shower room, Living room/bedroom/Kitchen. Property is currently tenanted at £300 per month. Market rent for this property is £400 - £425 per calendar month. Should rent be increased to this level it would generate an annual income of £4,800 - £5,100, which would generate a gross yield of 16%-17%.

 

This property presents an excellent investment opportunity with some super local sales evidence.

 

* 8f, Calside Court, Paisley, Renfrewshire PA2 6DS sold for £47,000 July 2024, 22 0/4, Neilston Road, Paisley, Renfrewshire PA2 6LN sold for £50,000 July 2024 *

 

Sure to appeal to investor looking for easy investment opportunity providing immediate cashflow from day one.

 

This lot is open to immediate offers.  You can place an immediate bid by clicking the “Offer Now” button on the website and filling out the details.

 

This property is offered at a fantastic price to ensure an Auction sale.

 

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Paisley, located in the west of Scotland near Glasgow, is a town rich in history and culture, renowned for its contributions to the textile industry, particularly the famous Paisley pattern. It boasts beautiful architecture, such as the 12th-century Paisley Abbey and Victorian-era buildings, and offers a blend of urban amenities and scenic countryside. People choose to live and invest in Paisley due to its strong community spirit, affordable property prices compared to nearby Glasgow, and excellent transport links, including easy access to Glasgow Airport and the M8 motorway. Ongoing regeneration projects and a vibrant arts scene further enhance its appeal, making Paisley an attractive option for both residents and investors.