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Johnston Street, Paisley PA1 6 bed flat for sale
Johnston Street, Paisley PA1
£135,000
Johnston Street, Paisley PA1
£135,000
Our Summary
- We are excited to present this fantastic development investment opportunity
- The Anchor Mill, 7 Flat 04/20, Thread Street, Paisley, PA1 1JR old for £410,000* Sure to appeal to shrewd investors looking for a development opportunity
- Excellent yield potential of 51% if achieved for guide price *HIGH YIELD* For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY* The property is situated near Paisley's city centre in a highly sought after area and only a 5 minutes walk from UWS Paisley Campus *PRIME LOCATION*PRIME NEW LISTING
- *PRIME DEVELOPMENT OPPORTUNITY*Property is a blank canvas with so many potential opportunities
- For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*Property currently comprises: Third Floor: Flat with entrance hallway, three bedrooms, kitchen, living room, bathroom, toilet and stairway Fourth Floor: Flat with entrance hallway, 5 rooms ready to be converted to whatever suits your investment strategy
- The property could be fully converted into a run as a 2 x 3 bedroom Serviced Accommodation/ AirBnB (subject to planning) which could achieve £135 per room per night subject to planning
- With the property being a 5 minutes walk from UWS Paisley Campus this presents a PRIME opportunity for this property to be converted into an HMO (subject to licence) with scope to finish with 7 bedrooms
- This would mean a yield of 37% if bought for the guide price*HIGH CASHFLOWING INVESTMENT*Sure to appeal to shrewd buy to let investors looking for a fantastic commercial and residential investment opportunity with high yield potential
- Great opportunity for owner occupiers looking for a property they can put their own stamp on
- This property is offered at a fantastic price to ensure an Auction sale
- *HOME REPORT £150,000*The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*
- Sure to appeal to shrewd investors looking for a development opportunity
Description
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Here is a summary of the property description in a single paragraph:
This prime development investment opportunity is a blank canvas waiting for renovation and conversion into a lucrative property. Situated in a highly sought-after area near Paisley's city centre, the property is just a 5-minute walk from UWS Paisley Campus and has a high yield potential of 51% if achieved at the guide price. The property currently comprises two flats on the third and fourth floors, with potential to be converted into a 2-bedroom serviced accommodation or Airbnb, generating £68,985 per year. Alternatively, it could be converted into an HMO with 7 bedrooms, producing a cashflow of £50,400 per year. With a Home Report value of £150,000, this property is an attractive opportunity for shrewd investors looking for a development project with high cashflow potential.