Retail Property (high street) for sale

William Street, Johnstone, Renfrewshire, PA5

Offers in Region of 1,663 sq. ft. | £247,500

Property Description

Commercial information

  • 1,663 sq ft (154 sq m)

Key features

  • 1663 sq ft
  • Prominent town centre retail shop
  • Tenanted to Betfred

Full description

Tenure: Freehold

LOCATION
Johnstone is one of the principal towns in Renfrew with a population in the region of 16,500 people. The A737 provides easy access to Paisley and Glasgow to the east. The property is situated in a prominent location on the eastern side of William Street fronting onto Houston Square at the south-east corner. Neighbouring retailers include M&Co, Bank of Scotland, Poundland, Greggs and Subway.

DESCRIPTION
The property comprises a retail unit on ground with offices and ancillary space at first floor. The first floor is used as a regional administration and training centre for Betfred. The unit benefits from a rear service yard.

ACCOMMODATION
m2 sq ft
G/F Zone A 84.84 935
F/F ancillary 67.72 728

m2 sq ft
total 154.56 1,663
plus staff w/c's

PRICE
247,500 for the Scottish Heritable Freehold interest.
All offers, to be couched in Scottish Legal Terms

We are informed that VAT is applicable to this Sale
.
TENANCY
The entire property is let to Done Brothers (Cash Betting) Limited trading as BetFred for a term of 10 years on FRI terms from 25th April 2016 and subject to a Tenant Break-clause on 24th April 2019 with 6 months' written notice.

Current Rental is 19,000pa

COVENANT STRENGTH
For the year ending 28th September 2014 Done Brothers (Cash Betting) Limited reported a turnover of 417,111,000, pre-tax profits of 13,967,000 and a total net worth of 108,429,000 (Source: Experian Group 18/04/2016).

SCOTTISH VALUATION ROLL
According to the Scottish Valuation Roll website; this property has a current Valuation roll of
14,250 subject to 25% relief (small business Bonus Scheme)

Current Net liability 5172.75

Interested parties are advised to make their own enquiries in this respect.

VIEWINGS
For further information or to arrange a viewing, please contact Peter Davies on 0113 237 0999.

MISREPRESENTATION ACT 1967
Stoneacre Properties acting as agent for the vendors or lessors of this property give notice that:-

The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract.

All descriptions, dimensions, condition statements, permissions for use & occupation, and other details are given in good faith and are believed to be correct. Any intending purchasers or tenants should not rely them as such as statements or representations of fact but must satisfy themselves by inspection or otherwise as the correctness of each of them.

No person in the employment of Stoneacre Properties has any authority to make or give representation or warranty whatsoever in relation to this property.

All prices and rents are quoted exclusive of VAT unless expressly stated to the contrary.

A director of Stoneacre Properties has a financial interest in this property.

MISDESCRIPTIONS ACT 1991
These details believe to be correct at the time of compilation, but may be subject to subsequent amendment.

ALL OFFERS ARE SUBJECT TO CONTRACT.
Details prepared June 2016

Nearest stations

  • Johnstone (0.3 mi)
  • Milliken Park (1.1 mi)
  • Howwood (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Stoneacre Properties, Leeds - Commercial Sales Office

184 Harrogate Road, Chapel Allerton, Leeds, LS7 4NZ

0113 237 0999 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Johnstone (0.3 mi)
  • Milliken Park (1.1 mi)
  • Howwood (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Stoneacre Properties, Leeds - Commercial Sales Office

184 Harrogate Road, Chapel Allerton, Leeds, LS7 4NZ

0113 237 0999 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 7WS. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Stoneacre Properties, Leeds - Commercial Sales Office. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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