Description
VAT FREE LET FUNERAL DIRECTORS UNIT 1,173 sq ft - New 15 year lease no break. Current Rent = £17,500 p.a. rent reviews at the end of years 5 and 10. Minimum increase year 5 to £19,500 max £24,750 pa
VAT is not applicable
The property is arranged on ground floor only, forming part of a larger building not included in the sale.
The property is situated on the south side of Houstoun Square close to the junction with William Street
Johnstone is located some 4 miles west of Paisley and 13 miles west of Glasgow city centre. The town benefits from good communications being located on the A737 which provides access to the M8 motorway (Junction 29) and the M77 (Junction 3 via Paisley and the A726) Johnstone Railway Station is some 10 minutes walk from the property The property is situated on the south side of Houstoun Square close to the junction with William Street Occupiers close by include Subway, Greggs and Cancer Research whilst others on Houston Square include Poundland, Boots, Hays, Bank of Scotland and Iceland amongst others
Full Address: 4 Houstoun Square, Johnstone, PA5 8DT
Show MoreTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 15 Years from 2024
Rent: £17,500 per year / £1,458 per month
Yield: 10% (approx)
Tenant: Company
Notes: Annually compounded CPI linked rent reviews at the end of years 5 and 10 (collar and cap 1% and 4% per annum) let to Funeral Partners Limited (2)
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Pricing Information & Bidding
Guide Price: £205,000
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 prior to the auction.
Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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.
Submit Offer NowSPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £1,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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Buy Now Price = £215,000
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Auction Details
Type: Deadline for Offers
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