Two bedroom top floor flat

Situated within a traditional blonde sandstone tenement building on Inchinnan Road in Renfrew. The property requires a full programme of clearance, modernisation and refurbishment throughout, and is offered to the market with vacant possession. It represents an excellent opportunity for investors, developers and cash buyers seeking a project in a well-established and consistently in demand rental location. The subjects are accessed via a secure entry door and common stairwell and comprise a reception hallway, lounge, two bedrooms, kitchen and bathroom. The lounge is a generously proportioned, benefiting from large windows to the front, high ceiling with decorative cornice and fireplace surround. Both bedrooms are of good size. The kitchen and bathroom are dated and will require full replacement. The property is currently heavily furnished throughout and a full house clearance will be required prior to any works commencing. The current Local Housing Allowance rate for a two-bedroom property within the Renfrewshire area is £525 per calendar month. Comparable modernised two-bedroom flats within Renfrew are currently achieving in the region of £750 to £825 per calendar month on the open private rental market, equating to £9,000 to £9,900 per annum and an excellent gross yield anticipated, post works. Council Tax Band B. PLEASE NOTE THERE IS NO HOME REPORT OR VIEWINGS FOR THIS PROPERTY DUE TO NO ACCESS FOR COMMUNAL DOOR

Tenure

Freehold

Area

Renfrew is a well-served and popular town located approximately six miles west of Glasgow city centre. Inchinnan Road is one of the town's principal routes, placing the property within easy walking distance of Renfrew town centre and its range of local shops, supermarkets, cafes and services. Primary and secondary schooling, health services and recreational facilities are all readily accessible nearby. The area benefits from excellent transport connections. The M8 motorway is easily reached at Junctions 26 and 27, providing swift access to Glasgow, Paisley and Glasgow Airport. Braehead Shopping Centre and surrounding leisure park are located a short distance away, while the recently opened Renfrew Bridge provides direct road access across the River Clyde to Yoker and Clydebank. Renfrew also benefits from proximity to the Advanced Manufacturing Innovation District Scotland at Inchinnan, a significant local employment hub.

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.