Vacant Commercial Property LOT 42

11 High Street, Johnstone, PA5 8JU
OPENING BID

Timed Online Auction

29 January 2021, 10am-4pm

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

Description

Full Address: 11 High Street, Johnstone, PA5 8JU

Former Public House with Large offices upstairs - potential for re-development to residential (subject to consents) in affluent town centre location. Excellent Development Opportunity.

Realistic Rental Potential 20,000 - 25,000 Per Annum, 20% - 25% YIELD at current guide price. IDEAL INVESTMENT POTENTIAL.

Comprising Public House with beer garden to the rear and Large office space on the first floor with potential for re-development to residential subject to consents. Separate access from High Street.

Sure to appeal to Investors and Developers looking for an affordable investment with the potential of High returns. Potential for Development change to residential (subject to gaining consents).

Excellent trading location with parking nearby available and high footfall due to busy town centre location. Ideally Located within a Popular Residential Area of Johnstone, Renfrewshire.

Public House premises with beer garden and large offices on the first floor. The public house has been split to form a lounge bar area to the front, a lounge area / function room to the rear, kitchen area, store room, male and female toilets. SUPER SIZE. The offices have a private access on to High Street. Potential for Development change to residential (subject to gaining relevant consents). Realistic Rental Potential 20,000 - 25,000 Per Annum, 20% - 25% YIELD at current guide price. IDEAL INVESTMENT POTENTIAL. Approx. sizes; Ground Floor: 1,851 square feet. First Floor: 721 square feet. Store; 269 square feet. Total: 2,841 square feet. SUPERB DEVELOPMENT OPPORTUNITY for builder or developer as located within town centre near to transport links and offers great re-sale/owner occupier value. First Floor office space with scope For Residential Conversion (Subject to planning consents). Busy trading location. Occupiers in the immediate vicinity include Coral, Lidl, TSB Bank, Greggs, Card Factory and Boots. Excellent trading location with parking available and high footfall due to busy town centre location. Sure to appeal to Investors and Developers looking for an affordable investment with the potential of High returns. Estimated Annual rental value of 20,000 - 25,000. If achieved for Guide price this would provide a gross rental yield of 20% - 25%. HIGH YIELD POTENTIAL. Located centrally on Johnstone's High Street with high pedestrian footfall.

Johnstone is an attractive town in Renfrewshire benefiting from having excellent commuter links to Glasgow Airport, The Royal Alexandra Hospital and The University of West of Scotland. Furthermore, the highly sought after destinations of Kilmacolm and Bridge of Weir are located nearby. Ideally Located within a Popular Residential Area of Johnstone, Renfrewshire for Access to All Local Amenities within Johnstone Town Centre. Excellent Transport Links to Glasgow City Centre and Beyond. The area benefits from frequent public transport links providing fast commuter access to Glasgow City Centre, the nearby A737 by-pass road offers commuters access to the M8 motorway network leading to Glasgow Airport, Braehead, Glasgow City Centre and beyond.

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11  High Street  Johnstone

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Pricing Information & Bidding

Opening Bid: £78,750

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 1.25% of Sale Price (Minimum £2,500 + vat)

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

Auction Details

Date & Time: 29 January 2021, 10am-4pm
Type: Timed Online Auction

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