Tenanted Commercial LOT 5

11 Gilmour Street, Paisley, PA1  1DD
BIDDING OPENS in...

Description

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

***FREEHOLD, Tenanted, commercial investment property in premium trading spot within Paisley town centre***Massive regeneration investment in Paisley town centre***

***Spacious commercial unit set over ground floor and basement levels*** Ground 118 square metres. Basement 81 square metres***

***The seller's family have long history in this unit and unit has traded as a restaurant since 1964*** Set out with dining area for circa 90 covers and full commercial kitchen***

***The premises are currently leases on an FRI basis and operates as an Italian restaurant. The lease has a remining 7 years and is leased at £28,000 pa rising to £33,800pa***

***Located in a premium trading spot at Paisley Gilmour Street Station. Close to town centre and all amenities*** Fantastic opportunity to own an amazing piece of Paisley history***

***FREEHOLD, Tenanted, commercial investment property in premium trading spot within Paisley town centre***Massive regeneration investment in Paisley town centre*** ***Spacious commercial unit set over ground floor and basement levels*** Ground 118 square metres. Basement 81 square metres*** ***The seller's family have long history in this unit and unit has traded as a restaurant since 1964*** Set out with dining area for circa 90 covers and full commercial kitchen with all expected catering equipment. There is a separate door entry for takeaway business*** ***The premises are currently leases on an FRI basis and operates as an Italian restaurant. The lease has a remining 7 years and is leased at £28,000 pa rising to £33,800pa*** ***Located in a premium trading spot at Paisley Gilmour Street Station. Close to town centre and all amenities*** Fantastic opportunity to own an amazing piece of Paisley history***

The property is situated on the Gilmour Street sitting under Paisley Gilmour Street railway station. with direct services between Glasgow and Ayrshire. Exciting new plans are being discussed for a direct link to Glasgow Airport. 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: 11 Gilmour Street, Paisley, PA1  1DD

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7
Rent: £28,000 per year / £2,333 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £360,000

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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SPECIAL Terms of Sale

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

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Auction Details

Date & Time: 18 September 2025, 12pm
Type: Timed Online Auction

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