The subjects comprise a single fronted shop contained on the ground floor and basement of a 3-storey sandstone fronted building which contains other shops at ground level and office suites on the upper floors.
The shop is well fitted out for its current use as a Travel Agency and leased to Stewart Travel until 2027.
Location
The subjects occupy a prominent trading location at The Cross in the heart of Paisley town centre and benefit from being adjacent to the modern Plaza Shopping Centre.
Accommodation
A single fronted shop currently used as a Travel Agency extending to approximately 63.06 sq m (679 sq ft) on the ground floor with toilets and a store on the basement floor.
Terms
RATEABLE VALUES - The subjects are shown in the current Valuation Roll with Rateable Values of £8,600.
LEASE DETAILS:
Tenant - Stewart Travel*
Lease Terms - 01/03/2017 - 28/08/2027
Review - N/A
Break Option - N/A
Rent (pa) - £21,000
VAT - Yes
*Stewart Travel have a Creditsafe Rating of 87/100 ‘Very Low Risk’.
EPC - An EPC will be made available on request.
PRICE - We are instructed to seek offers in excess of £190,000 for our clients' outright ownership in the subjects with the benefit of the current occupational lease agreement, providing an investment yield of 11.07% before deduction of acquisition costs.
VAT - VAT will be payable on the purchase price.
ANTI-MONEY LAUNDERING - In order to comply with anti-money laundering legislation, the successful purchaser will be required to satisfy this requirement. The required documents will be confirmed and requested at the relevant time.
Specification
- Shop unit adjacent to Plaza shopping centre in Paisley
- High quality tenant (Stewart Travel Limited)
- Well fitted out unit
- Rent - £21,000 per annum
- Leased until 28th August 2027
- Offers in excess of £190,000 are invited (11.07% yield)