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3 Johnston Street, Paisley, Paisley, PA1 1XQ

not specified / Retail / General Retail

Withdrawn - Last updated: 04 July 2021

Offers in excess of £XXX are sought reflecting a Net Initial Yield of 11.07% assuming standard purchaser’s costs of 1.8%. The subjects comprise a ground floor retail unit contained within a larger four storey traditional sandstone building. Internally the subjects comprise a small electrical shop fit out. The subjects are leased on a Full Repairing and Insuring terms from 30th April 2014 until 29th April 2020 at a passing rental of £XXX p.a.

Location

The subjects are located on Johnston Street which is a busy link between George Street and Gordon Street in Paisley’s town centre. The property also benefits from high levels of pedestrian and vehicle traffic. The surrounding area has a high density of residential premises and is located in the heart of Paisley. The property is in close proximity to the University of the West of Scotland, Paisley Campus, which attracts a large student population. Surrounding occupiers are a good mix of retail and office premises which include local and national companies. Paisley benefits from its close proximity to the M8 Motorway (Junction 27), providing access to the national road network. The area has excellent public transport links with Paisley Canal Railway Station and Paisley Gilmour Street Railway Station as well as numerous bus stops in close proximity to the subjects.

Terms

Unless otherwise stated all figures, prices, etc., are quoted exclusive of VAT.


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