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Detached Shop In Prime Location, 8 – 10 Orchard Street, Renfrew, PA4 8RL

2,164 Sq Ft / Retail / General Retail

For Sale

To Let - £10,000.00 per annum

Under Offer - Last updated: 05 August 2020

The subjects comprise 2 interconnecting units within a single storey building, which was formerly in quasi retail and storage use, together with a secure garden area to the rear.

The premises benefit from an extensive double frontage, incorporating 2 electric roller shutter doors, which provide access to the units on either side.

Internally, No.8 provides a small drop off area and works office to the front, with 2 storage areas adjoining to the rear. No.10 is sub-divided by stud partitioning to provide a front  sales area, with 2 storage areas and a works office to the rear.

The toilet facilities, which comprise 2 single toilet compartments are common, serving both units. A fire exit door provides access to a garden to the rear which is secured by concrete post and chain link fencing.

The total site area, including the building, extends to approximately 0.042 hectares (0.1 acres) or thereby. 

Location

The subjects are located on the south eastern side of Orchard Street, midway between its junction with Renfield Street and Ferry Road, in the town of Renfrew, which is located approximately 9 miles west of Glasgow City Centre in Renfrewshire.

The subjects are set within a predominantly residential area with a mixture of 2, 3 and 4 storey flats. Directly opposite is a single storey care home facility.

The property benefits from Renfrew town centre being within walking distance and 2 small local convenience stores being located nearby.

On street car parking is available within the immediate vicinity. To the rear of the property, there is a children’s play park, which is accessed via an adjoining lane on the northern side of the building. 

Accommodation

From measurements taken on site we calculate the following Net Internal floor area: 201.04 sq.m (2,164sq.ft.)

Terms

RATES - Reference to the Assessors website has shown that the subjects are entered in the current Valuation Roll with a Rateable Value of £11,000.

Accordingly, subject to applicant qualification, the subjects should qualify for 100% Rates Relief under the Small Business Bonus Scheme.

LEASE TERMS - Our client is seeking to lease the property on a new Full Repairing and Insuring lease for a minimum period of 5 years.

Rental offers in excess of £10,000 per annum are invited.

DEPOSIT - A deposit equivalent to 3 months rent shall be a condition on any new lease agreement.

PURCHASE TERMS - Whilst our clients preference is to lease the premises, offers for the heritable interest of the property will be considered.

EPC - A copy of the Energy Performance Certificate is available upon request. 

LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction.

Specification

  • Stand alone retail unit located over ground floor.
  • Excellent location with Renfrew town centre within walking distance.
  • New FRI lease available.
  • 100% Rates Relief through Small Business Bonus Scheme.
  • Net Internal Area of 201.04 sq.m. (2,164 sq.ft.).
  • OFFERS IN EXCESS OF £10,000 PER ANNUM.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers considered For Sale Freehold NA NA
Offers in excess of To Let £10,000.00 per annum

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Contact agents

Claire Hutton

DM Hall

0141 432 0952



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