Retail sold

63 Causeyside Street

Located in Paisley Town Centre

Single let retail investment

7 years and 4 months unexpired term with no breaks

Passing rent of £10,000 p.a. (£8.83/sq.ft)

Offers over £100,000 reflecting an attractive NI Y of 9.82%

63 Causeyside Street, Paisley PA1 1YT

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The subjects are located on the busy Causeyside Street at its junction with Gordon Street and Canal Street in Paisley’s Town Centre. Causeyside Street is one of the main arterial routes through the town centre and as such benefits from high levels of pedestrian and vehicle traffic. The surrounding area has a high density of residential premises and is located in the heart of Paisley. The property is in close proximity to University of the West of Scotland, Paisley Campus, which attracts a large student population. Surrounding occupiers are a good mix of retail and office premises which include local and national companies.
Local authority: Renfrewshire Council

Units & floor plans

Unit Floor Size
Retail Ground
736
68.38
Retail Basement
396
36.79
Totals
1,132
105.17

* All floor areas subject to measurement on practical completion

Find out more information about this building's development and technical spec.

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Transportation

Good transport links are available in the immediate vicinity

Airports

Glasgow 2.1m

National rail

Paisley Canal 0.1m, Paisley Gilmour Street 0.4m, Hawkhead 1.0m

Amenities

All usual amenities are available nearby

Offers

Offers in excess of £100,000 are sought reflecting a Net Initial Yield of 9.82% assuming standard purchasers costs of 1.8%.

Further information

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Lease overview

The subjects are leased on Full Repairing and Insuring terms from 11th September 2009 until 10th September 2025 at a passing rental of £10,000 p.a. The lease was recently been assigned and extended in June 2018.

Planning class

Class 1

Viewings

Strictly by appointment through Graham + Sibbald

Legal costs

Each party will bear their own legal costs in respect of any transaction of this site, however for the avoidance of doubt the purchaser will be responsible for LBTT , Extract copies and VAT thereon.

VAT

Unless otherwise stated all figures, prices, etc., are quoted exclusive of VAT.

EPC
Certificate Available on request

Media store

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Property marketed by:

Graham + Sibbald
106201 jtrq3379 Mark Gillies
Graham + Sibbald
115027 68 ryan farrelly Ryan Farrelly
Quote reference: GLA-2018\05\0276

Retail Investment For Sale

P.O.A

Please read carefully 1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. 2. Graham & Sibbald have no authority to give any representation other than these particulars in relation to this property. Intending Purchasers/Tenants take the property as they find it. 3. Graham & Sibbald are not authorised to enter into contracts relating to this property. These particulars are not intended to nor shall they form part of any legally enforceable contract and any contract shall only be entered into by way of an exchange of correspondence between our client's Solicitors and Solicitors acting for the Purchaser/Tenants. 4. All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller of HM Stationery. 5. A list of Partners can be obtained from any of our offices.