2 bed Flat (for sale) George Street, Paisley PA1

£400,000
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The Estate Agency Company
20-23 Woodside Place, Glasgow
0141 376 7558
First Published

27th Jul 2022

Last Published

29th Jul 2022

 

Features

  • Type: Flat
  • Bedrooms: 2
  • Listing status: sale
  • Country: Scotland

Description

Description

Well renting portfolio in central location in Paisley for sale - Offers Over £399,000 (only as one lot)
All flats occupy this building which was overhauled and converted to residential accommodation around 2018.
In total the block comprises of 20 flats, 15 were sold off at the time of conversion. The owner now wishes to sell the remaining units as a going concern portfolio.
We have been advised of the following by the seller;
The flats have all been occupied by the same tenants since 2018.
The rents for each unit are up to date and there are no current arrears.
The communal areas are neatly decorated to a high specification with porcelain tiling. There is a secure entry system in working order and a tidy common courtyard to the rear of the building.
Internally the flats all benefit from an impressive grand entrance way and from good specification Kitchens and shower rooms and all are in good decorative order. At the time of writing all tenants have expressed an interest in remaining in their property long term. All flats have modern window in sash and case style and electric combi boilers

The portfolio is as follows;

Flat 0/5 Ground floor one bedroom flat currently let at £425 per month. There is a double bedroom, separate kitchen, large shower room and living room with 2 windows

Flat 0/2 Ground floor two bedroom flat currently let at £600 per month finished to very high specification there is a kitchen, living room master bedroom, second bedroom, contemporary shower room.

Flat 1/4 First floor one bedroom flat currently let at £450 per month

Flat 2/4 Second floor one bedroom flat currently let at £450 per month

Flat 2/6 Second floor two bedroom currently let at £550 per month

The flats are currently managed by a Glasgow based letting agent who is happy to continue the management but is also happy to help transition over to a new managing agent if the successful purchaser wants to make their own arrangement.
The building is factored by 91BC Property management.

Due to the desire to not unsettle good long term tenants, viewing access will be restricted to parties in a position to exhibit buying capability and serious intent and we ask all parties to bear this in mind when enquiring.

Solicitors: Please submit all offers in the first instance by email to and then by post to 20-23 Woodside Place, Glasgow, G3 7QL.

Money laundering regulations: Intending purchasers will be asked to produce identification documentation upon receipt of a successful offer and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

Disclaimer: The information contained within these particulars is for general information purposes only. The information is provided by The Estate Agency Company and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, suitability or availability. All interested parties should satisfy themselves in full as to the suitability of this property to their needs before committing to a purchase. Measurement where stated are taken using a sonic tape and are subject to a margin of error. Therefore sizes are given for guidance only and cannot be guaranteed to be correct.

Tenure: Freehold

 

Local info for PA1

Floor plan

 

Property Value Data/Graphs for PA1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 65% £85,003 1.7 1
Other 11.9% £217,615 2.9 1.6
Terraced house 4.9% £170,143 3 1.6
Semi-detached house 4.9% £232,856 3.1 1.6
Town house 2.8% £188,750 3.8 1.8
Maisonette 2.1% £68,667 3 0.3
Bungalow 1.4% £168,998 2 1
Land 1.4% £80,000 0 0
Detached bungalow 1.4% £379,500 3.5 1.5
Villa 1.4% £350,000 4.5 3.5
End terrace house 0.7% £85,000 2 1
Cottage 0.7% £66,000 1 1
Detached house 0.7% £260,000 4 2
Terraced bungalow 0.7% £148,000 2 1

Area Information

Average Price Paid

£121,653

Sales

2761

Current Average Value

£125,194

Value Change

£3,541 2.9%

 

Current Asking Prices in PA1 Average: £125,194

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £79,498 (2) £127,564 (7) £232,062 (24) £233,182 (11) £445,000 (1)
Flats £62,130 (38) £94,518 (48) £104,813 (8) £187,500 (2) -
All £62,998 (40) £98,724 (55) £200,250 (32) £226,154 (13) £445,000 (1)

Nearby Properties

8 bed Detached house () Bardowie Castle, Milngavie, East Dunbartonshire G62 £2,250,000
0 bed () Glassford Street, Glasgow G1 £1,800,000
5 bed Detached house () Elphinstone Road, Whitecraigs, Glasgow G46 £1,750,000
5 bed Detached house () Osborne Crescent, Thorntonhall, Glasgow G74 £1,175,000
5 bed Detached house () Broom Road, Newton Mearns G77 £1,137,995
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