Sold for £32,500.

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A site and advertising hoarding producing £6,704 and planning for 6 flats

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Description/Location

Situated at the junction of Ferguslie and Howe Street, let to Primesight for 10 years from 8 April 2001 (holding over) at a rent of £6,704 pa. Planning granted on 4 March 2011 by Renfrewshire Council Ref: 10/0896/PP for the erection of 3 x 1 bedroom and 3 x 2 bedroom flats. Potential for alternative use and development subject to planning.

Tenure

Freehold

Local Authority

Renfrewshire Council

Viewing

Please contact Elliott Network Auctions on 020 7871 0420

Rent

Current Rental Value: £6,704 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.