Leisure for sale

28 High Street Paisley PA1 2BZ

Located in the heart of Paisley Town Centre

Extensive recent internal refurbishment & fit out

Single let restaurant investment

14.5 years unexpired term with five yearly reviews

Offers over £18,000 p.a.

28 High Street, Paisley PA1 2BZ

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Paisley is located approximately 7 miles west of Glasgow and has a resident population of some 76,000. The Town benefits from excellent transport links from the M8 Motorway and the national rail network is accessible from the nearby Paisley Gilmour Street Station. The subjects are situated within a pedestrianised section of High Street within the heart of Paisley Town Centre. High Street is the town’s principal shopping street and includes a mix of both national retailers such as Marks & Spencer, Sports Direct and Lloyds Bank as well as independents and sole traders. The shopping district benefits from the University of the West of Scotland and Renfrewshire Council’s HQ being located in the town centre which generate additional footfall.
Local authority: Renfrewshire Council

Units & floor plans

Floor
Ground

* 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 within the immediate vicinity.

Airports

Glasgow 2.2m

National rail

Paisley Gilmour Street 0.2m, Paisley Canal 0.4m, Paisley St James 0.8m

Road

Glasgow 11.9m

Amenities

All usual amenities are available within the surrounding area.

Offers

Offers in excess of £175,000 are sought reflecting a Net Initial Yield of 10.09% assuming purchasers’ costs of 1.94%. (LBTT assumed to be in line with rates effective from 25/01/19.)

Further information

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Lease overview

There are tenant options to break at years five and ten with upward only
rent reviews also at years five and ten.

Period 15 years
Start year 2018
Planning class

A3

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
Graham + Sibbald
Quote reference: GLA-2019\01\0105

Investment opportunity Paisley town centre

£175,000

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.