Shepherd Chartered Surveyors is offering a rarely available substantial residential property investment portfolio for sale.
Comprising 31 studio, one, two and three bedroom apartments in Paisley, with one property in Glasgow, the portfolio has a current rental income of £98,660 per annum and an estimated rental value of £117,470 per annum.
The part income producing portfolio, with an 85% occupancy rate and short assured tenancy agreements, is available to purchase as a single portfolio or in individual lots. The accommodation breaks down into: four studio apartments; 22 one bedroom apartments; four two bedroom apartments and one three bedroom apartment.
Many of the properties are located within Paisley’s New Street, Seedhill Road, Wellmeadow Street, Causeyside Street and Broomlands Street.
Steve Barnett, commercial partner at Shepherd’s Glasgow office, said: “Given the quality of the accommodation and their location within Paisley – each property benefits from good public transport links via bus and rail – while Paisley lies just seven miles west of Glasgow city centre and a mile south of Glasgow International Airport, we anticipate much demand for this rare opportunity to acquire a substantial residential portfolio.”
Due to the anticipated level of interest in the portfolio, Shepherd envisages that a closing date will be set and recommends that all interested parties notify their interest in writing.
For further information please contact Steve Barnett at Shepherd tel 0141 331 2807
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date 25th April12