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Description
PORTFOLIO OF 2 INCOME PRODUCING COMMERCIAL INVESTMENT*** 2 x seperate prominent commercial units over ground floor and basement. Long FRI leases in place. £25,000 per year / £2,083 per month.
The property comprises 2 prominent ground floor corner commercial premises set within a larger mixed use traditional tenemental development of sandstone construction surmounted by a pitched roof.
Chinese Take away- Large open plan area with large open plan kitchen, partitioned w.c. stores, and cupboards to the rear. Lease exp 2039 Producing £15,000 per annum Review: September 24/29 and 2034
Bills Blinds and Shutters Ltd- Prime corner position with return frontage over ground floor and basement. Lease exp 2028 Producing £10,000 per annum.
Located close to Renfrew centre. Neighbouring occupiers include Boots Pharmacy, Scottish Fire & Rescue, Moss Pharmacy and Co-op.
INCOME PRODUCING COMMERCIAL STMENT*** 2 x Tenanted prominent commercial units over ground floor and basement. Long FRI leases in place. The property comprises 2 prominent ground floor corner commercial premises set within a larger mixed use traditional tenemental development of sandstone construction surmounted by a pitched roof. Chinese Take away- Large open plan area with large open plan kitchen, partitioned w.c. stores, and cupboards to the rear. Lease exp 2039 Producing £15,000 per annum Review: September 24/29 and 2034 Bills Blinds and Shutters Ltd- Prime corner position with return frontage over ground floor and basement. Lease exp 2028 Producing £10,000 per annum. Located close to Renfrew centre. Neighbouring occupiers include Boots Pharmacy, Scottish Fire & Rescue, Moss Pharmacy and Co-op.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 15
Rent: £25,000 per year / £2,083 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Tenant: Personal Name Expiry: 18th September 2039 Passing Rent: £15,000p.a. Review: 18th September 2024 / 2029 / 2034 rent deposit of £7,500 held by the landlords. 101a PAISLEY ROAD Tenant: Bills Blinds and Shutters Ltd Expiry: 7th July 2028 Passing Rent: £10,000p.a. Deposit: A deposit of £2,500 is held by the landlord.
Maps & Location
Map Street View SatelliteRenfrew is located to the south of the River Clyde, approximately 6 miles west of Glasgow City Centre and approximately 3 miles to the north of Paisley. The town is located just to the west of the M8 motorway and is readily accessible from both Junctions 26 & 27. The town has a population of approximately 20,250 people and a much wider catchment population. Neighbouring occupiers include Boots Pharmacy, Scottish Fire & Rescue, Moss Pharmacy and Co-op.
Document Downloads
Pricing Information & Bidding
Opening Bid: £216,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 101 and 101aPaisley Road, Investment Portfolio, Renfrew Town Centre