64-66 Townhead, Kirkintilloch - Two ground floor shop units and two self-contained upper floor office suites in a modern 3-storey building with 10 private car parking spaces to the rear accessed via a pend.
Unit 1 The Cross, 4 High Street, Paisley - The subjects comprise a single fronted shop contained on the ground floor and basement of a 3-storey sandstone fronted building which contains other shops at ground level and office suites on the upper floors.
The shop is well fitted out for its current use as a Travel Agency and leased to Stewart Travel until 2028.
Location
64-66 Townhead, Kirkintilloch - The subjects are prominently situated fronting Townhead close to the busy junction with Industry Street, which connects to the A806 town centre bypass road.
Townhead is part of the main road through Kirkintilloch town centre
Unit 1 The Cross, 4 High Street, Paisley - The subjects occupy a prominent trading location at The Cross in the heart of Paisley town centre and benefit from being adjacent to the modern Plaza Shopping Centre.
Accommodation
64A Townhead, Kirkintilloch - A ground floor single fronted shop currently used as a beauty salon extending to approximately 46.97 sq m (505 sq ft).
64B Townhead, Kirkintilloch - A ground floor single fronted shop currently used as a hairdressing salon extending to approximately 51.52 sq m (552 sq ft).
66A Townhead, Kirkintilloch - A self-contained second floor office suite extending to approximately 132.47 sq m (1,425 sq ft).
66B Townhead, Kirkintilloch - A first-floor office currently used as a beauty salon extending to approximately 142.17 sq m (1,530 sq ft).
Unit 1 The Cross, 4 High Street, Paisley - A single fronted shop currently used as a Travel Agency extending to approximately 63.06 sq m (679 sq ft) on the ground floor with toilets and a store on the basement floor.
Terms
Rateable Values - The subjects are shown in the current Valuation Roll with Rateable Values as follows:-
64A Townhead - £7,500
64B Townhead - £7,200
66A Townhead - £12,500
66B Townhead - £15,000
Unit 1, The Cross - £8,600
Energy Performance Certificates (EPC's) - The properties have been assessed for energy performance and have the following ratings:-
64A Townhead – ‘B’
64B Townhead – ‘C’
66A Townhead – ‘B’
66B Townhead – ‘F’
Unit 1, The Cross – available on request
Price - We are instructed to seek offers in excess of £550,000 for our clients' entire outright ownership in the subjects with the benefit of the current occupational lease agreements providing an investment yield of 10.73% before deduction of acquisition costs.
Note: Offers will only be considered for the whole portfolio although the price may be capable of being allocated between VAT rated and non VAT rated properties.
Lease Details - See attached brochure for information.
VAT - The properties at 64-66 Townhead, Kirkintilloch are VAT exempt with our client having opted to tax High Street, Paisley. As such the total sale price will be allocated between VAT exempt and VAT registered.
Anti-Money Laundering - In order to comply with anti-money laundering legislation, the successful purchaser will be required to satisfy this requirement. The required documents will be confirmed and requested at the relevant time.
Specification
64-66 Townhead, Kirkintilloch
- Modern building with 4 tenants in Kirkintilloch town centre
- 100% occupancy
- Private rear car park
- No VAT applicable
Unit 1 The Cross, 4 High Street, Paisley
- Shop unit adjacent to Plaza shopping centre in Paisley
- High quality tenant
- Well fitted out unit
- VAT applicable