Tenanted Commercial LOT 4

29 High Street, Paisley, PA1  2AF
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Map & Location

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Description

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

***Entire commercial premises located on Paisley's High Street. Ground floor is currently tenanted at £12,000 pa until March 2026***

***Substantial building comprising tenanted ground floor retail unit of around 145sq m. The first floor and attic rooms have not been accessed***

***Amazing opportunity for potential residential development / commercial office space in the upper floors (STP)***

***Premium town centre location. Vibrant trading position next to the Paisley Centre shopping mall*** Other businesses nearby include Subway, WH Smith and Sports Direct***

***Ideal addition to investor portfolio*** Tenanted commercial unit with strong current rental yield plus massive potential development opportunity to enhance value of asset***

***Entire commercial premises located on Paisley's High Street. Ground floor is currently tenanted at £12,000 pa until March 2026*** ***Substantial building comprising tenanted ground floor retail unit of around 145sq m. The first floor and attic rooms have not been accessed*** ***Amazing opportunity for potential residential development / commercial office space in the upper floors (STP)*** ***Premium town centre location. Vibrant trading position next to the Paisley Centre shopping mall*** Other businesses nearby include Subway, WH Smith and Sports Direct*** ***Ideal addition to investor portfolio*** Tenanted commercial unit with strong current rental yield plus massive potential development opportunity to enhance value of asset***

The property is situated on Paisley High Street on a busy thoroughfare and vehicular system through the town. University of the West of Scotland lies nearby, with the Paisley Museum & Art Gallery located close to the property. The University of the West of Scotland (UWS), West College Scotland, Renfrewshire Council HQ and the main courts are all within a short walking distance and the immediate area, including the former Paisley Shopping Centre, is subject to regeneration and repurposing into a mixed-use commercial, residential and student accommodation area.

Full Address: 29 High Street, Paisley, PA1  2AF

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Tenancy Details

Type of Agreement: Basic Lease
Length: March 2026
Rent: £12,000 per year / £1,000 per month
Yield: 16% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Opening Bid: £76,000

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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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: 20 March 2025, 10am-3pm
Type: Timed Online Auction

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