Paisley, PA1 2YA
Details
- £190,000
- Investments , Retail
- Size: 679 sq ft.
- Date Available: Immediately
RETAIL INVESTMENT
- Shop unit adjacent to Plaza shopping centre in Paisley
- High quality tenant (Stewart Travel Limited)
- Well fitted out unit
- Rent – £21,000 per annum
- Leased until 28th August 2027
- Offers in excess of £190,000 are invited (11.07% yield)
GENERAL DESCRIPTION / LOCATION
The subjects comprise a single fronted shop contained on the ground floor and basement of a 3-storey sandstone fronted building which contains other shops at ground level and office suites on the upper floors.
The shop is well fitted out for its current use as a Travel Agency and leased to Stewart Travel until 2027.
The subjects occupy a prominent trading location at The Cross in the heart of Paisley town centre and benefit from being adjacent to the modern Plaza Shopping Centre.
The street plan opposite shows the general location of the subjects.
ACCOMMODATION & FLOOR AREA
A single fronted shop currently used as a Travel Agency extending to approximately 63.06 sq m (679 sq ft) on the ground floor with toilets and a store on the basement floor.
RATEABLE VALUES
The subjects are shown in the current Valuation Roll with Rateable Values of £8,600.
LEASE DETAILS
| Property | Unit 1, 4 High Street, Paisley |
| Tenant | Stewart Travel* |
| Lease Terms | 01/03/2017 – 28/08/2027 |
| Review | N/A |
| Break Option | N/A |
| Rent (£pa) | £21,000 |
| VAT | Yes |
*Stewart Travel have a Creditsafe Rating of 87/100 ‘Very Low Risk’.
EPC
An EPC will be made available on request.
PRICE
We are instructed to seek offers in excess of £190,000 for our clients’ outright ownership in the subjects with the benefit of the current occupational lease agreement, providing an investment yield of 11.07% before deduction of acquisition costs.
VAT
VAT will be payable on the purchase price.
ANTI-MONEY LAUNDERING
In order to comply with anti-money laundering legislation, the successful purchaser will be required to satisfy this requirement. The required documents will be confirmed and requested at the relevant time.
VIEWING/FURTHER INFORMATION
Strictly through the agents:
