Tenanted Commercial Property LOT 182

16 Well Street, Paisley, PA1 2SW
GUIDE PRICE

Deadline for Offers

16 April 2021, 4pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 16 Well Street, Paisley, PA1 2SW

Double Fronted 69.92m2 (752.61 Sq.Ft) COMMERCIAL PREMISES in central Paisley. Good location for University of the West of Scotland Campus. Currently LET on F.R.I Lease at 3,540 p/annum

Busy street often used as a thoroughfare from The West End of Paisley into the town centre. Affordable turn-key investment opportunity with tenant trading the premises. Suitable for Small Business.

Occupied Retail premises currently trading as Romanian Supermarket. Central position with free on street parking directly outside the unit. Roller shutter entry door and twin window frontage onto road

Affordable turn-key investment opportunity with tenant trading the premises. Suitable for Small Business Rate relief. This area currently undergoing massive re-development through Renfrewshire Council

Rateable Value - 3,300 per annum *** Suitable for small business rate relief. Close to Glasgow Airport, Royal Mail depot, The University of West of Scotland campus and the M8 motorway network

Double Fronted 69.92m2 (752.61 Sq.Ft) COMMERCIAL PREMISES in central Paisley. Good location for University of the West of Scotland Campus. Currently LET on F.R.I Lease at 3,540. Busy street often used as a thoroughfare from The West End of Paisley into the town centre. Affordable turn-key investment opportunity with tenant trading the premises. Suitable for Small Business. Occupied Retail premises currently trading as Romanian Supermarket. Central position with free on street parking directly outside the unit. Roller shutter entry door and twin window frontage onto road. Affordable turn-key investment opportunity with tenant trading the premises. Suitable for Small Business Rate relief. This area currently undergoing massive re-development through Renfrewshire Council. Rateable Value - 3,300 per annum *** Suitable for small business rate relief. Close to Glasgow Airport, Royal Mail depot, The University of West of Scotland campus and the M8 motorway network

The property is located in the densely populated Scottish town of Paisley which is situated in the south side of Well Street approximately 1 mile to the west of the town centre. The immediate surrounding area is predominately commercial in nature and under some redevelopment but enhanced by being just off the main arterial route into Paisley allowing ease of access. The town serves as the administrative centre for Renfrewshire Council and has a thriving student population from the nearby University of West Scotland. The town also has excellent motorway access onto the M8 providing links to the national motorway network. The subjects are situated on the south side of Well Street immediately west of its junction with Gallow Green Road off the B775 and lying to the south-west of the town centre. The surrounding area is predominantly residential in nature with The University West of Scotland, Paisley Campus situated directly opposite

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Annual
Rent: 3,540 per year / 295 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: Currently LET on F.R.I (Full Repairing Insuring) lease agreement at 3,540 per annum

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Location

Pricing Information & Bidding

Guide Price: £45,000


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.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 16 April 2021, 4pm
Type: Deadline for Offers

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