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Description

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

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.

Renfrew 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.

Full Address: 101 and 101a Paisley Road, Investment Portfolio, Renfrew Town Centre, PA4 8LH

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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.

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Pricing Information & Bidding

Opening Bid: £213,000

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).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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