FOR SALE BY ONLINE AUCTION THURSDAY 22ND OF AUGUST AT 9AM ***GREAT OPPORTUNITY***To acquire a unique three floor commercial and residential property***Potential rental yield of 15.8%***
***Consists of offices on the first floor, office one the second floor and a flat on the top floor***
***Rent of £6,000 a year each for the first floor office space, and for the second floor office space. Top floor flat rental income of £5,400 a year. Total rental income of £17,400 (yield of 15.8%).
***Nearby 8 Greenlaw Drive (4 bedroom) Sold £396,814 Sold (May'24)***Nearby 35 Glasgow Road (4 bedroom) Sold £261,000***Nearby 21 Kelburn Drive (2 bedroom) Sold £185,315 (May'24)***Nearby ***HIGH VALUE SOUGHT AFTER LOCATION***
***This rare available three floor property could potentially offer lucrative returns if redeveloped (subject to planning)***
***Likely to attract substantial interest from developers and investors***
***Paisley is the largest town in Scotland, with high rental demand. The University of the West of Scotland and West college Scotland both have campuses in the town centre, only a short distance away***
***Paisley is also a popular commuter base for the city of Glasgow, which is accessible by car or bus via the M8 or by train. There are many amenities nearby, including the Phoenix Retail Park in Linwood, which includes an Asda Superstore, coffee chains and other stores such as TK Maxx, Hobbycraft, Pets at Home and Smyths Toys. Next to the retail park is the Showcase Cinema, which also hosts fast food restaurants McDonalds, KFC and Taco Bell***
GUIDE PRICE - £110,000
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All prices quoted are exclusive of VAT.
Unique three floor commercial and residential property
Opportunity To Convert to all residential (subject to planning consents)
Potential rental yield of 15.8%
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every 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.
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