The subjects comprise a double fronted retail shop, situated on the ground floor of two adjacent fourstorey 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
Type: Retail Park, Retail
7-9 Broomlands Street, Paisley, PA1 2LSGBPaisleyRenfrewshirePA1 2LS11, Broomlands Street
Prominent High St Location 10 year lease Full Repairing & Insuring Passing Rent: £13,000p.a. V.A.T. Free Rates Exempt £140,000
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 £140,000 representing a Gross Initial Yield of 9.3%
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
26 High St Paisley - Town Centre Retail Investment
Type: Retail, Retail - High Street
26 High Street, Paisley, PA1 2BZGBPaisleyRenfrewshirePA1 2BZ26, High Street