• VAT free investment opportunity.
• Currently let to The Firm of Walker Laird Solicitors & Estate Agents.
• Passing rent £12,000 per annum expiring 27th May 2022.
• EPC Rating of F+
• Nearby occupiers include: Subway, RBS, Lloyds TSB, Coral & Ladbrokes.
• Approximate Net Internal Area of 133.92 sq.m (1,442 sq.ft).
• Offers in excess of £110,000 are invited.
• Representing a net initial yield of 10.72%.
NO LONGER AVAILABLE
Location
The subjects are located in the heart of Renfrew town centre, on
the south side of Canal Street in a corner position where the road
meets Manse Street. The Paisley Road (A741) connects with the M8
Motorway at Junction 27 and also affords access to Paisley Town
Centre. With a population of just over 20,000, Renfrew town centre
sits immediately west of the busy Braehead Shopping Centre, 3
miles north east of Paisley Town Centre & Glasgow International
Airport and approximately 8 miles west of Glasgow City Centre.
The area is generally residential in character, however served by a
large number of ground floor retail units.
There are regular bus routes connecting Renfrew with Glasgow City
Centre and Paisley Town Centre among various other routes. The
nearest Railway Stations can be found within short driving distance
at Paisley Gilmour Street, Hillington East & Hillington West, all of
which are on the same route connecting with Glasgow Central.
Neighbouring occupiers in the immediate surrounds include
Subway, Bank of Scotland, Royal Bank of Scotland, Lloyds TSB,
Coral Bookmakers, Ladbrokes and The Post Office.
Accommodation
The subjects comprise a ground and basement floor corner retail
unit within a 4 storey red sandstone tenement building.
The subjects are accessed at the corner of the unit via a recessed
single personnel door. The unit benefits from having a floor to
ceiling height glazed frontage of 6.66 metres and a return frontage
along Manse Street of 10.9 metres.
The main retail office space is occupied by a number of desks
which afford reception, staff and customer meeting space. Behind
the main retail area there are further manager’s offices and private
meeting rooms. At the rear of the unit there is a large storage area,
a staff break area/kitchen and male & female toilets.
The fit out comprises a carpet tiled flooring throughout, plasterboard
wall lining with a papered and painted finish throughout. A
suspended ceiling incorporates light fixtures and heating is
provided to the subjects by wall mounted gas powered radiators
and the boiler, which is located in the storage area to the rear, also
provides heated water to the kitchen and toilets. Power to the
subjects is distributed via wall mounted power sockets.
Externally, the subjects provide for a large traditional sign above
the glazed frontage and return frontage, which currently bears the
name of the current occupiers.
The basement is accessed from an internal staircase and while
currently in shell condition, offers ample storage space for archive
files.
Terms
NO LONGER AVAILABLE
Specification
From sizes taken at the time of our internal inspection, we calculate
the gross internal floor areas:
Ground Floor: 133.92 sq.m (1,442 sq.ft)