High Street, Paisley, Renfrewshire, PA1

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.