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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
520 Sq Ft Busy Location with Established Tenant On F.R.I Lease. Let to Baird Opticians In Situ Since 2016. Expiry 1st October 2024 Opportunity To Engage For Lease Extension Passing Rent: £15,500p.a.
Internally the property offers an open plan retiling space with lighting provided by way of halogen spots recessed within the suspended acoustic tile ceiling. Partitions have been erected to the rear
The property is situated on the North side of High Street at its junctions with Moss Street, Causeyside Street and Gilmour Street within the town of Paisley.
Tenant: Baird Opticians
Expiry: October 2024 (tenant in situ since 2016)
Passing Rent: £15,500per annum
The property extends to the following floor area;
Ground: 48.38sqm (520sq ft)
The property forms the ground floor within a larger 4 storey traditional sandstone development surmounted by a pitched roof.
The subjects offer a single display frontage with single door access secured by an aluminium roller shutter.
Internally the property offers an open plan retiling space with lighting provided by way of halogen spots recessed within the suspended acoustic tile ceiling. Partitions have been erected to the rear to form w.c. facility, consultation room and tea prep.
The property extends to the following floor area;
Ground: 48.38sqm (520sq ft)
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Baird Opticians
Expiry: October 2024 (tenant in situ since 2016)
Passing Rent: £15,500per annum
The property is situated on the North side of High Street at its junctions with Moss Street, Causeyside Street and Gilmour Street within the town of Paisley.
The historic town of Paisley, located approximately 10 miles from Glasgow City Centre has a resident population of approximately 75,000 and an estimated catchment of 250,000. It is the administrative centre for Renfrewshire district and has excellent communication links via the M8 motorway and mainline rail network serving the west and central belt of Scotland.
Glasgow International Airport is approximately 2 miles from Paisley town centre. Paisley is also home to the principle campus of the University of the West of Scotland. The subjects are well located within the pedestrianised retail pitch of High Street & The Cross, nearby occupiers include Marks & Spencer, Sports World, WH Smith, Lloyds Pharmacy,and McDonalds.
Full Address: 5 High Street, Paisley, PA1 2AE
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: Since 2016
Rent: £15,500 per year / £1,292 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Tenant: Baird Opticians
Expiry: October 2024 (tenant in situ since 2016)
Passing Rent: £15,500per annum
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Pricing Information & Bidding
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SPECIAL Terms of Sale
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- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £1,750 for on time settlement
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Buy Now Price = £140,000
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
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