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6 Glasgow Rd 1,033 sq ft Retail Unit Offered at £235,000 in Paisley PA1 3QA
Investment Highlights
- Occupiers close by include residential and a variety of local businesses
- Held on 15year FRI Lease (2041 Expiry)
- Passing £25,000p.a.x
- Paisley Canal Rail Station is 0.8 miles south from the property, providing services to Glasgow Central
- 10year Guaranteed Income
- Price: Offers Over £235,000
Executive Summary
The property is situated on the south side of Glasgow Road, close to its junction with Mill Street. Paisley is the largest town in Renfrewshire, located 8 miles west of Glasgow city centre.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 10.64% |
| Sale Type | Investment |
| Net Initial Yield | 10.64% |
| Tenure | Freehold |
Description
The property comprises a retail unit across the ground floor, with total accommodation of approx. 96 sq m (1,033 sq ft).
Sale Notes
Heritable takeaway restaurant investment with a guide price of £260,000.
15 years from Completion Rent review every 5th year (2)Tenant break option in 10th year FR& I subject to schedule of condition.
15 years from Completion Rent review every 5th year (2)Tenant break option in 10th year FR& I subject to schedule of condition.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 6 | 1,033 sq ft | Retail | £235,000 (£227.49/sq ft) | £25,008 |
Unit 6
| Unit Size |
| 1,033 sq ft |
| Unit Use |
| Retail |
| Price |
| £235,000 (£227.49/sq ft) |
| NOI |
| £25,008 |
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Unit 6
| Unit Size | 1,033 sq ft |
| Unit Use | Retail |
| Price | £235,000 (£227.49/sq ft) |
| NOI | £25,008 |
| Sale Type | Investment |
| Net Initial Yield | 10.64% |
| Tenure | Freehold |
| Description | |
| The property comprises a retail unit across the ground floor, with total accommodation of approx. 96 sq m (1,033 sq ft).</li></ul> | |
| Sale Notes | |
| Heritable takeaway restaurant investment with a guide price of £260,000. <br> <br> 15 years from Completion Rent review every 5th year (2)Tenant break option in 10th year FR& I subject to schedule of condition.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 11,020 sq ft | Typical Floor Size | 2,204 sq ft |
| Property Type | Office (Unit) | Year Built | 1968 |
| Costar Property Class | C | Total Plot Size | 0.09 ac |
| Floors | 5 |
| Total Property Size | 11,020 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | C |
| Floors | 5 |
| Typical Floor Size | 2,204 sq ft |
| Year Built | 1968 |
| Total Plot Size | 0.09 ac |
Amenities
- Security System
- Signage
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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6 Glasgow Rd
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