Page 9 - Shepherd Commercial Auctions - Catalogue 10/04/2025

Lot 6
5 New Street, Paisley, Renfrewshire PA1 1XU
Development Opportunity - Former College Building
Features
• GIA 1,503.39 sq. m. (16,182 sq. ft.)
• Former college building
• Suitable for residential development subject to planning
• Located in the heart of Paisley town centre
• Within close proximity to public transport links
Description
The subjects comprise a grade B listed sandstone building which spans across four
floors. The building was formerly utilised as a college building. The property benefits from
dedicated pedestrian access via New Street at lower ground level and is protected by
way of a roller shutter.
Accommodation
Internally, the subject benefits from a dedicated reception area upon entering the
property. The upper floors can be accessed via a dedicated central stairwell or
passenger lift.
The layout of the upper floors consist of multiple spacious rooms spanning across four
floors and benefits from primarily commercial style tile floor coverings with part carpet in
the offices. The ceilings are predominately lath and plaster with fluorescent LED strip
lighting being incorporated through-out.
Location
Paisley lies within the Renfrewshire Council area, approximately 9 miles west of Glasgow
City Centre and lying approximately 1 mile south of Glasgow International Airport. The
town benefits from direct access to the A737 and the M8 motorway at Junctions 27, 28
and 29 which offers easy access to the surrounding areas. The A726 provides access to
the A77 and the M77 Motorway, approximately 8 km (5 miles) to the south-east. The
town is also connected to the national railway network with journey time to Glasgow
Central of approximately 10 minutes.
More specifically, the subjects occupy a prominent pitch on the corner of New Street and
High Street within Paisley Town Centre. Paisley Museum & Art Gallery as well as the
Paisley campus of the University of the West of Scotland are both located within close
proximity.
Energy Performance Rating To be confirmed. Auction Type
Unconditional Sale - The buyers fee is 2.88% inc VAT(2.4% plus VAT)
subject to a minimum of £3,300 inc VAT(£2,750 plus VAT).
*Guide Price £125,000 (plus fees if applicable)
* Please see Buyer’s Terms for definition of guide price
and auction fees
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