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Lot 99

Guide Price: £39,000 - Bid Now

5 Well Street, Paisley, PA1 2SS


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Key Features:

Extremely well-presented Single Fronted commercial premises currently occupied with Hot Food Licence located within Paisley town centre. Gross Internal Floor Area Extends to 403.75 sq.ft (37.51 sq.m).


  • Located in popular commercial and residential area secured to the Front by Metal Electronic roller shuttering. Comprises: Main Dining Area with Booth Seating, Kitchen Area to the Rear and a WC.
  • HOT FOOD CONSENT- Updated kitchen facilities and customer toilet along with modern dining Booths. Attractive shop front in popular locale with heavy foot traffic.
  • Property is currently tenanted and trading as Vietnamese Street Food café. Annual rental of £4800 (discounted rate)- Realistic rental potential of £5400. New elecs. Water meter recently installed.
  • Close Proximity to Paisley Town Centre and University Campus on a Busy Main Thoroughfare for High Footfall. Located in Paisley's West End close to The University of the West of Scotland.


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.
Rateable Value

Search Council Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.

Tenancy Details:


Type of Agreement Basic Lease
Length 1 Year
Rent £4,800 per year / £400 per month
Yield 12.3% (at guide price)
Tenant Private Individual
Notes: not guaranteed to extend beyond new year.

Full Details:

Well presented Single Fronted commercial premises currently tenanted with Hot Food consent within Paisley town centre. Gross Internal Floor Area Extends to 403.75 sq.ft (37.51 sq.m). Ground Floor of a Traditional Tenement Building - Secured to the Front by Metal Electronic roller shuttering. Accommodation Comprises: Main Dining Area with Booth Seating, Kitchen Area to the Rear and a WC. Rental is currently £400 per month with a potential to increase to £450 per month (£5400 per annum). Ideally Located within Close Proximity to Paisley Town Centre and University Campus on a Busy Main Thoroughfare for High Footfall. Located in Paisley's West End close to The University of the West of Scotland. Excellent Investment Property - Well-Located HOT FOOD PREMISES in excellent condition.

Guide Price: £39,000 - Bid Now


What is a Guide Price...

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. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.

Bid Now Explained...

You may submit an offer now on this property for the owner 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.

Map & Location:


COMMERCIAL SHOP PREMISES located on Well Street. Excellent affordable turn key investment opportunity expected to be popular. Good footfall from University of The West of Scotland, professionals and key workers including Doctors, Nurses and Staff working at the Royal Alexandra Hospital which is located a short distance away

Viewings:


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.

Auction Details:



  • Auction Date...

    04 February 2019


  • Start Time...

    7.30pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

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.

How To Bid:


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