SALE BY ONLINE AUCTION 28TH JANUARY 2021. Presenting to market this large two bedroom main door flat in Renfrew. Turnkey investment opportunity - property is currently vacant and should command rental income of £450 per month, a yield of 11.5%+ on Guide Price.
THIS PROPERTY SOLD AS PART OF A PORTFOLIO - INCLUDING 33 ARD ROAD, RENFREW & 3/1, 6 VICTORIA DRIVE EAST, RENFREW. INDIVIDUAL SALE MAY BE CONSIDERED - PLEASE CONTACT OUR OFFICE FOR MORE INFORMATION.
· Private Main Door Large 2 bedroom flat in Purpose Built Residential building***The property is well located close to a number of amenities ***Excellent Rental Prospects***Large tenant base***Good internal order***
· This substantial property Comprises: Entrance Hallway, 2 Full Bedrooms, Lounge, Kitchen & Bathroom***Excellent Discounted Opportunity***MUST BE SOLD
· ***60 Kirklandneuk Road Sold £85k (Sept 20)***63F Vennacher Road Sold £52.5k (Aug 20)***11 Vennacher Road Sold £75k (Oct 19)***95 Kirklandneuk Road Sold £91k (Aug 19)***
· This property has an estimated achievable rental level of £450pcm (£5400 per annum)***Expected Rental Yield of 11.5%+***Turnkey Investment Opportunity***
· Near highly regarded schooling; Renfrew is a sought after town located close to Glasgow. Popular district for home owners & investors near to recreational centres such as the Braehead arena, The Xscape Centre & David Lloyd Fitness Centre**Easy access to Colleges, Universities & Airport creating High Tenant Demand**
Large Full 2 Bedroom Purpose Built flat In popular location***This property comprises: Entrance Hallway, 2 Full Bedrooms, Lounge, Kitchen & Bathroom**The property requires a degree of internal modernisation----Viewing Strongly recommended to Appreciate The Size & Quality of the Property on Offer---*** Estimated Achievable Rental Level of £450pcm (£5400 per annum)***Strong Tenant Demand for subjects and is an ideal investment Opportunity***Potentially High Yielding Investment Opportunity***This property is located within a popular residential district close to Town centre hosting a number of local amenities***Turnkey Opportunity*** Excellent access to M8 Motorway, Glasgow Airport, Reid Kerr & Cardonald Colleges, Glasgow / Strathclyde & Caledonian Universities. Braehead Shopping Centre & Xscape Leisure Centre within close proximity***Strong Tenant Demand for Property in High Amenity District***Opportunity to Purchase Heavily Discounted Residential Property***Likely to attract Substantial Interest from Investors***
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* 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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