1 bed flat for sale

Ferguslie, Paisley, Renfrewshire PA1

An opportunity to acquire a one-bedroom ground floor flat offering considerable potential for experienced investors, developers, or cash buyers seeking a comprehensive renovation project.

The accommodation comprises a reception room, kitchen, bathroom and one bedroom. However, the property is currently in a very poor state of repair and requires extensive refurbishment throughout before it can be occupied.

Prospective purchasers should be aware that significant structural concerns are apparent, with substantial floor movement and sinking evident in several areas of the property, particularly within the hallway, bedroom, kitchen and bathroom. The condition of the bathroom floor has deteriorated to such an extent that contractors were unable to complete works safely. In addition, there is currently no heating system installed.

Due to its condition, the property is considered unsuitable for immediate occupation and is offered as a redevelopment and renovation opportunity. Interested parties are advised to undertake their own investigations and surveys regarding the condition of the building and the extent of any remedial works required.

Cash buyers only. Viewing is recommended to fully appreciate the scope of the project and potential on offer.

Paisley remains one of the West of Scotland's most accessible and affordable property markets, attracting a mix of owner-occupiers, commuters, landlords and developers. The town benefits from excellent transport links to Glasgow city centre, regular rail services, easy access to the M8 motorway and proximity to Glasgow Airport. Ongoing regeneration initiatives, a growing town centre offering, and the presence of the University of the West of Scotland continue to support housing demand.

We would urge you to register a couple of days in advance as we cannot guarantee you will be registered on time to bid if we only receive your documents on the day of the auction.

It is imperative that you register to bid in the name you wish the property to be registered with Land Registry on completion. If buying in a company name, please ensure to detail the company name on the registration. Once the property is exchanged, the vendor could decline to accept any change.

Buyers should review the legal pack with their solicitor and ensure they do their own due diligence before deciding to purchase.

All property offered at auction is under an unconditional contract, requiring the successful buyer to pay a 10% non-refundable deposit and complete within the terms of the contract, which will normally be 14 or 28 days. For these reasons, it is suitable for cash buyers only.