City Centre Location
Full Building
Held on F.R.I Lease
Tenant In Situ Since 2015
5yr Lease Extension
Passing Rent: £14,000p.a
V.A.T Free Investment
Price: o/o £140,000
Location
The property is situated on the north side of High Street on a busy thoroughfare and vehicular one way system through the town. University of the West of Scotland lies nearby, with the Paisley Museum & Art Gallery located close to the property.
The University of the West of Scotland (UWS), West College Scotland, Renfrewshire Council HQ and the main courts are all within a short walking distance and the immediate area, including the former Paisley Shopping Centre, is subject to regeneration and repurposing into a mixed-use commercial, residential and student accommodation area.
Property
The property forms the ground floor and first floor of a larger 2 storey development of traditional sandstone construction surmounted by a pitched roof.
The property offers a large multi window display frontage. Internally the property is in an open plan layout with retail space at ground floor with access to the upper floor providing stores and partitioned w.c and staff facilities.
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Z&R Asian Shop Ltd
Expiry: 23rd June 2029 (tenant been in situ since 2015)
Passing Rent: £14,000p.a
Area
Ground: 113.63sqm (1,223sq ft)
1st: 76.41sqm (822sq ft)
Total: 190.04sqm (2,046sq ft)
Sale
The property is available on a freehold basis for o/o £140,000
V.A.T
We have been advised the property is not elected for V.A.T
Legal
Each party shall bear their own legal costs incurred in the transaction
Lease & Title
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time