For Sale by Auction 2pm on 26th November 2026
Enjoy immediate rental income with this commercial investment in convenient Paisley town centre location.
Situated on Wellmeadow Street, this ground floor premises extends to approximately 195 sq m and has been occupied by national bookmaker Ladbrokes for over 20 years. A new 10-year lease commencing 28 August 2026 (break option in 2031) will generate an annual rental income of £22,000, representing an outstanding 12.5% gross yield based on the guide price.
Opportunities to acquire established commercial investments with a long-standing national covenant and double-digit returns are rare, making this an excellent addition to any investment portfolio.
** Note to Prospective Buyers: Any purchase made as a Transfer of a Going Concern (TOGC), offering a potential VAT advantage, is subject to the purchaser meeting the relevant HMRC VAT registration requirements – buyer due diligence is recommended in this regard **
Location
Wellmeadow Street is situated in a prominent commercial location close to Paisley town centre, benefiting from strong pedestrian footfall and excellent transport links. Paisley offers an extensive range of retail, leisure and dining facilities, together with regular rail services to Glasgow city centre and Glasgow Airport, while the nearby M8 motorway provides convenient access across the Central Belt.
Accommodation
Size - Approximately 195 sq m (2,099 sq ft)
Terms
Guide Price: £175,000 (plus fees).
Tenure: Freehold.
Auction House Disclaimer:
PURCHASERS NOTES
Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.
• No tests have been made of services, equipment, or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings, and other items are not included unless specified in these details.
This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.
Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.
Cybercrime Warning:
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. PLEASE NOTE THAT OUR BANK ACCOUNT DETAILS WILL NOT CHANGE DURING THE COURSE OF A TRANSACTION AND WE WILL NOT CHANGE OUR BANK DETAILS VIA EMAIL. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.