£210,000
(£261.85/sq. ft)
Retail premises for saleHigh Street, Paisley PA1
802 sq. ft
About this property
City Centre Location
Ground & Basement
802sq ft
Let To Stewart Travel
Expiry August 2028
Passing Rent: £21,000p.a.x.
Sale: O/o £210,000
Location
The property is situated on the south side of 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.
Property
The property comprises a ground floor and basement mid-terraced retail unit set within a larger commercial development.
Offering a large single display window frontage, the property is prominently positioned adjacent to the city centre main bus stop adjacent to Paisley Abbey. Internally the property has been fitted out to a high standard with suspended acoustic tile ceiling with recessed L.E.D. Panels.
W.c. And staff facilities are situated within the basement of the property, accessed via a single staircase located to the rear of the demise.
Area
The property has been calculated to extend to approximately;
Ground: 63.06sqm (679sq ft)
Bsm: 11.43sqm (123sq ft)
Total: 74.49sqm (802sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease to Stewart Travel, expiring 28th August 2027 at a passing rent of £21,000p.a. Stewart Travel operate 12 stores across Scotland and Northern Ireland. For the financial year ending 31st December 2023 Stewart Travel reported a turnover of £84.13m representing a 51% increase on the previous year. Stewart Travel have a credit safe rating of 87/100 ‘Very Low Risk’
Price
The property is available on a freehold basis for offers over £210,000
V.A.T
The property has been elected for V.A.T. As such the transaction may be treated as a T.O.G.C (transfer of a going concern)
E.P.C.
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
Ground & Basement
802sq ft
Let To Stewart Travel
Expiry August 2028
Passing Rent: £21,000p.a.x.
Sale: O/o £210,000
Location
The property is situated on the south side of 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.
Property
The property comprises a ground floor and basement mid-terraced retail unit set within a larger commercial development.
Offering a large single display window frontage, the property is prominently positioned adjacent to the city centre main bus stop adjacent to Paisley Abbey. Internally the property has been fitted out to a high standard with suspended acoustic tile ceiling with recessed L.E.D. Panels.
W.c. And staff facilities are situated within the basement of the property, accessed via a single staircase located to the rear of the demise.
Area
The property has been calculated to extend to approximately;
Ground: 63.06sqm (679sq ft)
Bsm: 11.43sqm (123sq ft)
Total: 74.49sqm (802sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease to Stewart Travel, expiring 28th August 2027 at a passing rent of £21,000p.a. Stewart Travel operate 12 stores across Scotland and Northern Ireland. For the financial year ending 31st December 2023 Stewart Travel reported a turnover of £84.13m representing a 51% increase on the previous year. Stewart Travel have a credit safe rating of 87/100 ‘Very Low Risk’
Price
The property is available on a freehold basis for offers over £210,000
V.A.T
The property has been elected for V.A.T. As such the transaction may be treated as a T.O.G.C (transfer of a going concern)
E.P.C.
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.
.png){kind=logo}