For Sale By Auction | 14:00, 29 November 2018 | Lot 1

Flat C, 79, High Street, Johnstone, Renfrewshire, PA5 8SN

*Guide | £25,000+ (plus fees)

  • Flat
  • 1 Bedroom
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 29/11/2018

Auction Time

14:00

Auction Venue

200 St Vincent Street, Conference and Events Venue, Glasgow, G2 5RQ

Viewing Times:

Wed 21 Nov

11:00-11:15

One bedroom first floor flat

This well presented one bedroom flat is on the preferred first floor of a traditional tenement block adjacent to Johnstone town centre. The accommodation on offer comprises spacious lounge, fitted galley kitchen, double bedroom and bathroom with white suite and over bath shower. With a potential rental yield of over 16% and significant discount against Home Report valuation this property would make an ideal addition to a buy to let portfolio or a great starter flat.

Tenure

Freehold

Home Report £35,000

£10,000 discount to Home Report value

Great buy to let or starter flat

Convenient town centre location

Outstanding potential rental yield at 16.8%

Excellent transport connections

Potential rental value £350pcm at LHA rate / £4,200pa

Area

Johnstone offers local retail and leisure facilities and schooling with the surrounding area catering for a variety of outdoor pursuits including golf, fishing, walking, etc. Johnstone has a train station bringing Paisley, Glasgow and Ayrshire within easy reach and the property offers easy access to the motorway network providing excellent road links throughout central Scotland and further afield.

Comparables

11F Thomson Avenue: Sold £52,500 07/18 64 High Street: Sold £38,250 12/16 4d Geogre Street: Sold £50,00 11/15

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Renfrewshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of £2,000 inc VAT unless otherwise stated

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