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