1 Silk Street, Paisley, Renfrewshire, PA1 1HG
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- SIZE
Ask agent
- SECTOR
Office for sale
Key features
- Unique three floor commercial and residential property
- Opportunity To Convert to all residential (subject to planning consents)
- Potential rental yield of 15.8%
Description
***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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Brochures
1 Silk Street, Paisley, Renfrewshire, PA1 1HG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paisley Gilmour Street Station0.2 miles
- Paisley Canal Station0.5 miles
- Hawkhead Station0.8 miles
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Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auctions Scotland, Online Property Auctions Scotland on 01409 335799.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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