Tenanted Commercial LOT 21

10-12 High Street, Paisley, PA1 2BS
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Description

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

INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in Prime High Street Position. Tenanted producing £16,000 per annum on a FRI Lease. City Centre Location

The property is held on a full repairing and insuring head lease on the following terms; Tenant: Michelle United Ltd Expiry: 14th April 2033 Passing Rent: £16,000p.a.x. Review: April 2028

The property offers a single frontage with open plan retailing space with partitioned w.c and tea prep to the rear. The property benefits from a mezzanine level used for ancillary storage.

The area has been calculated to extend to the following net areas: Ground: 52.49sqm (565sq ft) Mezz: 10.21sqm (110sq ft) Total: 62.70sqm (675sq ft)

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £16,000 PER ANNUM

INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in Prime High Street Position. Tenanted producing £16,000 per annum on a FRI Lease. City Centre Location The property is held on a full repairing and insuring head lease on the following terms; Tenant: Michelle United Ltd Expiry: 14th April 2033 Passing Rent: £16,000p.a.x. Review: April 2028 The property offers a single frontage with open plan retailing space with partitioned w.c and tea prep to the rear. The property benefits from a mezzanine level used for ancillary storage. The area has been calculated to extend to the following net areas: Ground: 52.49sqm (565sq ft) Mezz: 10.21sqm (110sq ft) Total: 62.70sqm (675sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £16,000 PER ANNUM

The property is situated on the south side of High Street on a busy thoroughfare and vehicular system through the town. University of the West of Scotland lies nearby, with the Paisley Museum & Art Gallery located close to the property. The University of the West of Scotland (UWS), West College Scotland, Renfrewshire Council HQ and the main courts are all within a short walking distance and the immediate area, including the former Paisley Shopping Centre, is subject to regeneration and repurposing into a mixed-use commercial, residential and student accommodation area.

Full Address: 10-12 High Street, Paisley, PA1 2BS

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £16,000 per year / £1,333 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Tenant: Michelle United Ltd Expiry: 14th April 2033 Passing Rent: £16,000p.a.x. Review: April 2028 Use: The property is utilised as a hair salon, the tenant has been in situ since April 2008

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Pricing Information & Bidding

Opening Bid: £136,000

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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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* 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: 05 March 2026, 10am-3pm
Type: Timed Online Auction

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