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Lot 1x

Guide Price: £81,000 - Bid Now

49 Causeyside Street, Paisley, PA1 1YN


Key Features:

LET £12,500 PER ANNUM investment in Paisley Town Centre LET £12,500 per annum till November 2018 (then vacant) was let to 'LAWRIE ROSS INSURANCE BROKERS' until November 2018 Close to Paisley Shopping Centre, Argos, Greggs, Cancer Research, William Hill.


  • SUPER CONDITION. The unit benefits from an open plan retail sales area to the front of the premises and rear staff/storage and wc accommodation. Ground Floor: 69.53 sq.m.(748 sq ft). IDEAL FOR AN OFFICE OR RETAIL UNIT. Qualifies for Small Business Rates Relief as Rateable Value is less than £15k p.a.
  • ***VAT FREE Property.*** Benefits from Class 1 and Class 2 (office) consent. Ideal investment purchase near to Train Station, Paisley University, Argos and would let easily for circa £12-13,000 per annum. Rare opportunity to buy vacant unit in the HEART of Paisley Town Centre.
  • Excellent price. Close to entrance to The Paisley Centre – Main Shopping Centre, M8 Motorway. 28 Causeyside Street ‘Pram Centre’ Sold For £350,000. UNIQUE SIZE lends its to Estate Agents/Lettings Agents/Solicitors/Financial Services Use or retail uses.
  • ***Rare auction property.***Would provide an excellent rental return when let in a busy town centre location. Competitive price ideal investment purchase.

Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length Nov 2018
Rent £12,500 per year / £1,042 per month
Yield 15.4% (at guide price)
Tenant Company
Notes: LET £12,500 PER ANNUM investment in Paisley Town Centre LET £12,500 per annum till November 2018 was let to 'LAWRIE ROSS INSURANCE BROKERS' until November 2018

Description:

LET £12,500 PER ANNUM investment in Paisley Town Centre LET £12,500 per annum till November 2018 was let to 'LAWRIE ROSS INSURANCE BROKERS' until November 2018 Close to Paisley Shopping Centre, Argos, Greggs, Cancer Research, William Hill. SUPER CONDITION. The unit benefits from an open plan retail sales area to the front of the premises and rear staff/storage and wc accommodation. Ground Floor: 69.53 sq.m.(748 sq ft). IDEAL FOR AN OFFICE OR RETAIL UNIT. Qualifies for Small Business Rates Relief as Rateable Value is less than £15k p.a. ***VAT FREE Property.*** Benefits from Class 1 and Class 2 (office) consent. Ideal investment purchase near to Train Station, Paisley University, Argos and would let easily for circa £12-13,000 per annum. Rare opportunity to buy vacant unit in the HEART of Paisley Town Centre. Excellent price. Close to entrance to The Paisley Centre – Main Shopping Centre, M8 Motorway. 28 Causeyside Street ‘Pram Centre’ Sold For £350,000. UNIQUE SIZE lends its to Estate Agents/Lettings Agents/Solicitors/Financial Services Use or retail uses. ***Rare auction property.***Would provide an excellent rental return when let in a busy town centre location. Competitive price ideal investment purchase. o

Location:


Close to Paisley Shopping Centre, Argos, Greggs, Cancer Research, William Hill. Paisley with a population of some 70,000 persons is the largest town in Scotland and the administrative hub for Renfrewshire Council. The subjects are located on the east side of Causeyside Street close to its junction with Gordon Street. Excellent location with almost no vacant units would appeal to a variety of traders and generate a fantastic investment return.

Rateable Value:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.

Guide Price: £81,000 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    11 September 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.