Description
- 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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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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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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Auction Details
Date & Time: 05 March 2026, 10am-3pm
Type: Timed Online Auction
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