12th Feb 2020
4th Jul 2020
- Type: Block of flats
- Bedrooms: 0
- Listing status: sale
- Country: Scotland
Portfolio of 7 Flats
Outstanding opportunity to purchase a portfolio of 6 x one bedroom flats and a two bedroom flat situated in the popular town centre of Paisley. All one bed flats are currently tenanted with the two bedroom flat fully rental compliant and recently re-decorated. The current rental income is approximately £22,000 per annum with lha rates allowing a potential return of £30,501 per annum. All properties have electric heating with gas available nearby should the purchaser wish to upgrade throughout. It is believed that owning 7 of 12 properties within the building would allow the purchaser to appoint a factor as the majority owner. There is a common garden area to the rear and units can be sold as one portfolio or several units. The portfolio is comprised as follow; Flat 0/1 - Currently rented at £350pcm and comprises lounge, kitchen, bedroom and bathroom. Would benefit from fresh décor throughout. Flat 0/2 - Currently rented at £290pcm and comprises lounge, kitchen, bedroom and bathroom. Would benefit from fresh décor throughout. Flat 0/3 – Is currently vacant and was previously rented at £450pcm and comprises open plan kitchen/lounge and shower room and two bedrooms. The flat has been newly re-decorated and is well maintained throughout. Flat 1/1 - Currently rented at £295pcm and comprises lounge, kitchen, bedroom and bathroom. Would benefit from fresh décor throughout. Flat 1/2 - Currently rented at £300pcm and comprises lounge, kitchen, bedroom and bathroom. Would benefit from fresh décor throughout. Flat 2/1 - Currently rented at £300pcm and comprises lounge, kitchen, bedroom and bathroom. Would benefit from fresh décor throughout. Flat 3/2 - Currently rented at £300pcm and comprises lounge, kitchen, bedroom and bathroom. Would benefit from fresh décor throughout. Please note; The property images displayed show flat 0/3.
Portfolio of 7 flats
Majority share in standalone block 7 of 12 units
Can be sold individually
Six flats are currently tenanted
Current letting income of approx £22,000pa
Close to amenities
Potential income of £30,501pa at lha rates
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.
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