Commercial investment property on Johnstone High Street with a guide price of £55,000.
Property benefits from a Rateable Value of £5,900 - *under the payable rate threshold (small business rates relief)*
Rental per month is £750, which would provide a gross return of £9,000 per annum. This could provide a fantastic 16% yield if achieved for Guide Price of £55,000 . Excellent tenant in place with long term lease
Location
The property is a 5 minute walk from the local train station, and situated directly in the town centre next to a whole host of amenities as well as being within close proximity to the motorway. Property conveniently close to local amenities, notably Aldi, Morrisons and Lidl, coffee shops and restaurants. Johnstone itself offers local shopping, sports/recreational facilities and schooling. The neighbouring countryside caters for a wide range of sports/leisure activities including fishing, golf and all equestrian pursuits. The property is nearby to the railway station providing excellent transport links to Paisley (5 minutes); Glasgow (15-20 minutes) and throughout Ayrshire including Prestwick International Airport. The M8 motorway network provides access to most major towns and cities throughout the central belt of Scotland, whilst Glasgow International Airport provides access to destinations further afield.
Accommodation
Comprises: large open plan service area, private office space, two toilets and large storage area to the rear of the property
Terms
Guide Price - £55,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Great sized tenanted commercial unit set on busy High Street in Johnstone. *** Guide Price £55,000 **
- Sure to appeal to a variety of shrewd commercial landlords looking for a turnkey investment.
- Excellent tenant in place with long term lease. Rental per month is £750, which would provide a gross return of £9,000 per annum. This could provide a fantastic 16% yield if achieved for Guide Price of £55,000. ***HIGH YIELD POTENTIAL***
- Property is currently tenanted by a Conservatory and Window Shop. Property comprises: open plan service area, two toilets, multiple storage space and private office space
- Property is located on one of the busiest street in Johnstone and benefits from a large passing footfall.