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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

PRIME INVESTMENT OPPORTUNITY*** Tenanted commercial unit on FRI LEASE of £22,500pa until 2029 located within BUSY Paisley TOWN CENTRE*** IMMEDIATE RETURN ON INVESTMENT. - VAT FREE

SUBSTANTIAL sized unit approx. 1,541 sq. ft (143.13 sq.m) Cardosi's Espresso bar currently LET on FRI LEASE until 31st August 2029 at £22,500 Per Annum. ***PROMINENT CORNER POSITION.

HIGH VOLUMES OF PASSING TRADE*** Ideally located within a short walk from the University of West of Scotland Paisley Campus.

EXCELLENT TRADING LOCATION*** Situated on the south side of High Street, at its junction with Townhead Terrace on a busy thoroughfare and vehicular one way system through the town.

Paisley is located approximately 10 miles south-west of Glasgow city centre and approximately 2 miles south of Glasgow International Airport.

PRIME INVESTMENT OPPORTUNITY*** Tenanted commercial unit on FRI LEASE until 2029 located within BUSY Paisley TOWN CENTRE*** IMMEDIATE RETURN ON INVESTMENT. SUBSTANTIAL sized unit approx. 1,541 sq. ft (143.13 sq.m) Cardosi's Espresso bar currently LET on FRI LEASE until 31st August 2029 at £22,500 Per Annum. ***PROMINENT CORNER POSITION. HIGH VOLUMES OF PASSING TRADE*** Ideally located within a short walk from the University of West of Scotland Paisley Campus. EXCELLENT TRADING LOCATION*** Situated on the south side of High Street, at its junction with Townhead Terrace on a busy thoroughfare and vehicular one way system through the town. Paisley is located approximately 10 miles south-west of Glasgow city centre and approximately 2 miles south of Glasgow International Airport.

Paisley is located approximately 10 miles south-west of Glasgow city centre and approximately 2 miles south of Glasgow International Airport. Situated on the main arterial route through Paisley town centre, the subjects benefit from high volumes of passing pedestrian and vehicular traffic throughout the day.

Full Address: 65 High Street, Cardosis Cafe, Paisley, PA1 2AS

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 31st August 2029
Rent: £22,500 per year / £1,875 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £175,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... You may submit an offer now on this property for the owner to consider. 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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SPECIAL 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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Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

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Buy Now Price = £205,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £205,000 - CLICK HERE

Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

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