Prime Retail Position
Well Presented Internally
Ground Floor & Basement
1,874sq ft
F.R.I Lease on Personal Name
Expiry: 8th May 2033
Passing Rent: £14,000per annum
Sale: £145,000
Location
The subjects are situated on the North side of Paisley’s High Street, close to its junction with New Street, within the pedestrianised section of the town centre. The subjects are surrounded by a host of local & national retailers along with being close proximity to the University of West of Scotland campus.
Neighbouring occupiers include Marks and Spencer, Sports Direct, Spec Savers, Black Rooster Peri Peri & TSB Bank
Subjects
The subjects comprise and extensive ground floor and basement set within a larger 4 storey traditional sandstone development surmounted by a pitched roof overlaid in slate.
Offering a large display frontage with partial return, the subjects benefit from multiple display windows of aluminium frame, with the subjects being accessed via a partially recessed single door leading to an open plan sales area with main counter.
Internally the subjects are rectangular in shape with partitions having been erected to form store, food prep area & w.c facilities. The basement is accessed via a timber door leading to a concrete stairwell well within the mid section of the subjects.
The property has been fully refurbished by the tenant to a good standard throughout.
Area
The subjects have been measured on a Net Internal Area basis to extend to the following;
Ground: 106.15sqm (1143sq ft)
Bsm: 67.96sqm (732sq ft)
Total: 174.11sqm (1,874sq ft)
Executive Summary
The property is held on a full repairing and insuring head lease on the following terms:
Tenant: Personal Name
Expiry: 8th May 2033
Passing Rent: £14,000per annum
Landlord Break: Any time during the lease providing the tenant with 6 months notice
Price
The property is available on a freehold basis for £145,000
E.P.C.
Available on request
Legal
Each party shall bear responsibility for their own legal costs
V.A.T.
V.A.T. will not be charged on the transaction
Lease & Title
Available on request
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time
