The property is located on Stevenson Street, just off Causeyside Street in Paisley town centre. A former nursing home, the subjects comprise a Category B listed mansion house dated back to 1874 with an adjoining modern annexe, extensive grounds and car parking. We have been instructed to seek offers in the region of £600,000 for the heritable interest in the subjects with the benefit of vacant possession.
- Attractive Category B listed building with adjoining modern annexe, extensive grounds and parking. - 17,163 sq ft (1,595 sq m) or thereby - Potential for alternative uses, subject to planning - Close to a variety of shops, amenities and public transport links - Offers in the region of £600,000
Development Opportunity - For Sale
Type: Healthcare, Residential, Other Property Types & Opportunities
Prime Position On Main Thoroughfare Situated Over 3 Stories Suitable For Alternate Use* Total Area: 10,043sq ft Offers Over: £32,500p.a.x Freehold Offers Invited
The subjects are situated on the West side of Causeyside Street at its junction with Laughkirk Lane adjacent to Forbes Place within Paisley town centre.
Situated on the main arterial route through Paisley town centre, the subjects benefit from high volumes of passing pedestrian and vehicular traffic throughout the day. Public transport links are in close proximity with bus stops near the subjects along with Paisley St James Station within a few minutes walk.
The subject comprise an extensive 3 storey retail unit with extensive glazed frontage facing onto Causeyside Street. The subjects benefit from twin double entrance doors to the front elevation along with fire escapes at front & side elevations.
Internally the subjects have been decorated in accordance with Mothercare & ELC specifications. Floors are overlaid by commercial carpet & laminated timber, with lighting provided by halogen & fluorescent strips recessed within the suspended ceiling.
The upper floors are accessed via internal stairwell’s which also lead to fire escapes. The subjects benefit from extensive loading and storage area at ground & 1st floor along with male, female & disabled / baby changing w.c facilities, office & staff area’s.
The subjects have been measured on a Net Internal Area basis to offer the following:
Prominent High St Location 10 year lease Full Repairing & Insuring Passing Rent: £13,000p.a. V.A.T. Free Rates Exempt £130,000
Location The subjects are located within Paisley town centre surrounded by a host of local and national retailers along with serving the newly expanded University of West of Scotland campus. The subjects are situated on the North side of High Street close to its junction with New St which is one of the main vehicular thoroughfares through Paisley town centre. Neighbouring occupiers include Marks & Spencer, Sports Direct, Spec Savers and TSB Bank.
The subject property comprises a ground floor and basement mid terrace retail / office unit within a larger 4 storey traditional blonde sandstone development with both retailers and office premises surrounding. The subjects benefit from a prominent frontage inviting any incoming occupier to erect bold signage to the front elevation of the property. Internally the subjects offer main open plan office area with private office along with w.c. and tea prep facilities to the rear. The subjects at ground floor have been decorated to a high standard, walls having been lined, plastered and painted with floors being overlaid by commercial laminated timber and lighting provided by way of spot lighting recessed within a suspended tile ceiling.
The basement of the subjects benefit from 2 no. rooms primarily utilised for storage however may lend themselves to alternate use for a occupier.
The subjects benefit from alarm system and wired for extensive dome camera cctv system throughout.
Investment Tenant: Wake & Vape Ltd Term: 10years Expiry: October 2027 Rent: £13,000per annum Review & Break: 5th Anniversary Deposit: £3,750 held until the 3rd anniversary
Proposal Our client is offering their freehold interest in the subjects for £130,000 representing a Gross Initial Yield of 10%
V.A.T. All prices and premiums quoted are exclusive of V.A.T. The subjects have NOT been elected for V.A.T.
E.P.C. Available on request
PROMINENT TOWN CENTRE INVESTMENT AVAILABLE 10% YIELD
Type: Retail, Office, Retail - High Street, Offices
26 High Street, PA1 2BSGBPaisleyRenfrewshirePA1 2BS26, High Street
For Sale/May Let Substantial ground floor retail unit Prominent location Suitable for a variety of uses (subject to planning)
The subjects comprise a double fronted retail shop, situated on the ground floor of two adjacent four storey traditional sandstone tenement buildings. Internally, the accommodation comprises a split front sales area, with partitioned storage and office areas. At ground floor level there is also a kitchen and staff area. Two stairways provide access to the basement which serves as a workshop and storage area with male and female W.C.s
7-9 Broomlands Street, Paisley, PA1 2LS
Type: Retail, Office, General Retail, Offices
7-9 Broomlands Street, Paisley, PA1 2LSGBPaisleyRenfrewshirePA1 2LS7, Broomlands Street
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.
The subjects comprise a ground floor, restaurant & hot food takeaway unit contained within a larger three storey traditional, B- Listed, sandstone building. Internally the subjects comprise a recently refurbished sit in restaurant, which has been fitted out to an excellent standard. A main service counter is supplemented by a mixture of booths and free-standing dining tables, with stylish seating and décor.
28 High Street, Paisley, PA1 2BZ
Ground, 30 High Street, Paisley, PA1 2BZGBPaisleyRenfrewshirePA1 2BZ28E, High Street