Page 35 - Shepherd Commercial Auctions - Catalogue June 2023
P. 35
Lot29 28CauseysideStreetPaisleyR, enfrewshirePA1 1UN TownCentreRetaiIlnvestment
Features
•Towncentrelocation
•Passingren£t26,000p.a. •NeItnitiaYlield11.31%afterallowingpurchaser'scosts
Accommodation
Thepropertycomprisesatwo-storeyretaiulniottfraditionasltoneconstructionT.heunit iscurrentlyoccupiedbyLeonMichaeRlicetradingas“ChameleonTattooParlour”and hasbeenfittedouitnlinewithit’scurrenutseT.hegroundflooroffersanopenplan workspacewithStafWf/Candkitchenfacilitieslocatedonthefirsftlooralongsidea partitionedtherapyroom.
TotaNlIA272.20sqm.(.2,930sqf.t.)
Location
Paisleyislocatedapproximately7mileswesotGflasgowandbenefitsfromexcellent transporltinksviatheM8motorwayandmainlinerainletworkP.aisleyGilmourStationis withincloseproximitywhichservesGlasgowCityCentreaswelalstheClydeCoast. GlasgowInternationaAlirporitsalsolocatedwithinapproximatelytwomilesotfhe subjects.
RateableValue
Thesubjectsarecurrentlyenteredinthe2023valuationrolal£t16,250 ThetownishometotheUniversityotfheWesotSfcotlandandhasastudenctampusof Tenancy
around10,000studentswiththeadditionablenefiotafproposed£13.2mstudent developmenutnderwayaddingtothetown’sfootfalalndpotentiaclustomerbaseT.he townisalsotheadministrativehubforthecouncidlistricatndhometoRenfrewshire Council’sHeadquarters.
ThesubjectsaresituateduponCauseysideStreetc,losetoitsjunctionwithNewStreet withinthehearotPfaisleyTownCentreC.auseysideStreeitsamainarteriarloute throughPaisleywhichbenefitsfromstronglevelsopfassingfootfalalndtraffic.
Surroundingoccupierscompriseamixonfationarletailersandnicheindependents/sole tradersi,ncludingFarmfoodsS,ubwayG,reggsN,ationwideBuildingSocietyB,lend CoffeeLoungeandCountrywideSalesandLettingT.hePaisleyCentreisonlyashort distancefromthesubjectstotheNorth.
EnergyPerformanceRating TBC
*GuidePrice£225,000(plusfeesifapplicable)
StarDtate–01/10/2019
EndDate–30/09/2029
BreakDate–01/10/2024
Ren-t£26,000p.a(ExcV.AT) Renrteview–01/10/2024(Upwardsonlybasedonmarkertent) FRLIease
AuctionType
UnconditionaSlale-Thebuyersfeeis2.4%incVAT(2%plusVAT)subject toaminimumo£f2,400incVAT(£2,000plusVAT).
*PleaseseeBuyer’sTermsfordefinitionogfuideprice 35 andauctionfees
