Tenanted Commercial Investment Property, 4 St Mirren Street, Paisley, PA1 1UA

Large Commercial premises located in Paisley Town centre. Property is currently tenanted at £550 per month which generate an annual income of £6,600 per annum.  Property is sure to appeal to investor looking for large commercial premises within Paisley. It is currently used as offices. There is a total of 4 offices set over 1st and 2nd floor. Property extends to 1375.73 sq ft. as per the SAA website.

 Property is currently producing a monthly rental of £550 per calendar month with an expected full occupancy rate of £1,500 per annum. Fantastic Potential to get a high yielding investment opportunity.

Potential yield of 19%

Location

The subjects are situated upon St Mirren Street within the heart of Paisley Town Centre. St Mirren Street is a pedestrianised shopping precinct opposite the Piazza Shopping Centre which hosts a number of national retailers. Neighbouring occupiers also includes a mix of local retailers and a 500-bed student accommodation which is situated directly opposite the subjects. Paisley is located approximately 7 miles west of Glasgow and benefits from excellent transport links via the M8 motorway and mainline rail network. Paisley Gilmour Station is within close proximity to the subjects which serves Glasgow City Centre as well as the Clyde Coast. Glasgow International Airport is also located within approximately two miles of the subjects. The town is home to the University of the West of Scotland, adding to the town’s footfall and potential customer base. The town is also the administrative hub for the council district and home to Renfrewshire Council’s HQ.

Accommodation

Size - 1,376 sq ft

Terms

Guide Price - £95,000

Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.

Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.

Specification

• Large Commercial premises located in Paisley Town centre.
• Property is currently tenanted at £550 per month which generate an annual income of £6,600 per annum.
• Property is sure to appeal to investor looking for large commercial premises within Paisley. It is currently used as offices. There is a total of 4 offices set over 1st and 2nd floor.
• Property is sure to appeal to investor looking for an immediate cash producing investment with rental growth potential.
• Property is located in a fantastic central location and close to local amenities.