Tenanted one bedroom flat

Rental income available from day one from this tenanted one bed flat in Paisley. Situated on the top (third) floor of a traditional tenement block, the accommodation comprises open plan lounge/kitchen, bedroom and bathroom. The current rental income of £375pcm offers an impressive gross yield in excess of 15% at Guide Price, with market comparables suggesting that a rent increase could be readily justified. In addition to the immediate income, a massive discount approaching 30% against Home Report offers instant equity for the purchaser. An excellent addition to a buy to let portfolio, or as a start on the investment ladder, we expect strong levels of demand for this one. Early expression of interest is essential. Council Tax Band: A. Please note that the walkthrough video was pre-tenancy and is not indicative of the current condition of the property.

Tenure

Freehold

Area

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.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Renfrewshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.