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Description

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

PERFECT INVESTMENT OPPORTUNITY*** Large town centre unit LET to Subway on FRI LEASE with IMMEDIATE RENTAL INCOME OF £20,400 PER ANNUM. Tenant in situ since 2002. Prime Investment Opportunity.

Large ground floor unit with prominent frontage onto BUSY street. Internally the property has been fitted out to high corporate specification. SUPER SIZE approx. 1,017sq ft.

PRIME INVESTMENT PROPERTY. 100% SECURE TENANT in place since 2002 Currently LET to SUBWAY on FRI LEASE until 31st May 2027 with a passing rent of £20,400 PER ANNUM. 2022

Facing Paisley shopping centre. Nearby occupiers include Greggs, Farmfoods, Nationwide Building Society and Cancer Research UK. EXCELLENT trading position in busy Paisley TOWN CENTRE.

Causeyside Street, close to its junction with New Street within the heart of Paisley Town Centre. Causeyside Street is a main arterial route through Paisley. HIGH passing footfall and traffic.

PERFECT INVESTMENT OPPORTUNITY*** Large town centre unit LET to Subway on FRI LEASE with IMMEDIATE RENTAL INCOME OF £20,400 PER ANNUM. Large ground floor unit with prominent frontage onto BUSY street. Internally the property has been fitted out to high corporate specification. SUPER SIZE approx. 1,017sq ft. PRIME INVESTMENT PROPERTY. 100% SECURE TENANT in place since 2002 Currently LET to SUBWAY on FRI LEASE until 31st May 2027 with a passing rent of £20,400 PER ANNUM. Nearby occupiers include Greggs, Farmfoods, nationwide Building Society and Cancer Research UK. EXCELLENT trading position in busy Paisley TOWN CENTRE. Causeyside Street, close to its junction with New Street within the heart of Paisley Town Centre. Causeyside Street is a main arterial route through Paisley. HIGH passing footfall and traffic.

Paisley is Scotland’s largest Town and located only 7 miles from Glasgow City Centre. Host to Glasgow International Airport and Major Regional Institutions including the University of West of Scotland & Hospitals. Paisley has excellent transport links including train station and bus routes within close distance.

Full Address: 21 Causeyside St, Subway Investment, Paisley, PA1 1UH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 31/05/2027
Rent: £20,400 per year / £1,700 per month
Yield: 10% (approx)
Tenant: Company
Notes: Multan Business Ltd (Subway) Expiry 31/05/2027 (tenant in situ since 2002)

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Pricing Information & Bidding

Opening Bid: £195,000

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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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 £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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