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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

INCOME PRODUCING INVESTMENT *** Ground Floor Commercial Unit with Class 3 HOT FOOD CONSENTS. Excellent TRADING POSITION on Causeyside Street next to Paisley Canal train station. Freehold Sale.

Commercial Class 3 hot food unit. Internal Floor Area - 34 Sq.M (365.97 Sq.Ft). Roller shutter security access into main sales area with kitchen prep area, service counter and staff facilities.

Let to KORNER EXPRESS LTD on a FRI lease agreement expiring 2045. 21 year lease commenced December 2024. Rental income agreed at £800 pcm - £9,600 per annum.

Occupiers locally include residential and a variety of local businesses. The property forms the ground floor of a traditional building. Causeyside Street is a main arterial route through Paisley.

Town Centre Location - Regular train services from Paisley Gilmour Street station to Glasgow. Situated on a route through Paisley city centre, the subjects benefit from high volumes of passing trade.

INCOME PRODUCING INVESTMENT *** Ground Floor Commercial Unit with Class 3 HOT FOOD CONSENTS. Excellent TRADING POSITION on Causeyside Street next to Paisley Canal train station. Freehold Sale. LEASE AGREEMENT Let to KORNER EXPRESS LTD on a lease expiring 2045. 21 year lease started December 2024. Lower Rental Income agreed at £800 pcm - £9,600 per annum (Signed lease states £400 per week - £20,800 per annum) All payments up to date. FRI (Full Repairing and Insuring) lease - the tenant is responsible for the costs of maintaining, repairing, and insuring the entire property from the start to the end of the lease term. Renfrewshire Council Valuation Sheet 2023 (NAV - KORNER EXPRESS LTD) - £6,000 per annum (Renfrewshire Valuation Joint Board). Rate relief may be available under small business scheme. Causeyside Street is a main arterial route through Paisley. Paisley is undergoing major regeneration. Established Surroundings - Close to local amenities, shops, schools, and the University of the West of Scotland campus. Paisley offers a plethora of Historic and Cultural pursuits centred around the acclaimed Paisley Museum and Art Galleries. Town Centre Location - Regular train services from Paisley Canal station to Glasgow Central. Situated on a route through Paisley city centre, the subjects benefit from high volumes of passing trade. Freehold Commercial Sale.

Causeyside Street is a main thoroughfare in Paisley, Renfrewshire - part of the road network linking the town with surrounding areas including Glasgow and the M8 motorway network. Paisley itself is a historic town just west of Glasgow, known for its textile heritage and close transport links by road and rail. Paisley is situated in Renfrewshire, 9 miles to the west of Glasgow and only 1 mile from both Glasgow International Airport and the motorway network. The town has excellent public transport infrastructure including a direct rail link to Glasgow city centre. Paisley is the largest town in Scotland with a resident population of 75,000 persons or thereby and is the administrative centre for Renfrewshire Council and is also home to the University of West of Scotland.

Full Address: 81 Causeyside Street, Class 3 Hot Foot Premises, Paisley, PA1 1YU

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Annual
Rent: £9,600 per year / £800 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: Let to KORNER EXPRESS LTD on a lease expiring 2045. 21 year lease started December 2024. Rental income agreed at £800 pcm - £9,600 per annum.

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Pricing Information & Bidding

Opening Bid: £85,000

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Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Standard Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 12 March 2026, 10am-3pm
Type: Timed Online Auction

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