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SALE BY ONLINE AUCTION 20TH MAY 2021, Fully Let Commercial Investment, 7-9 Manse Street , Renfrew, PA4 8QH
3,300 Sq Ft / Retail / Retail - High Street
Sold - Last updated: 07 March 2023
SALE BY ONLINE AUCTION 20TH MAY 2021 AT 9.00AM. PRICE DROP : GUIDE PRICE WAS £82,000 - NOW £69,000. MASSIVE DISCOUNT!
Online Property Auctions Scotland are delighted to offer this fully let commercial investment opportunity returning 11% rental yield based on guide price.
• FULLY LET COMMERCIAL INVESTMENT***Rent is £9,000 per annum***This enormous property is: circa 3300 sq ft***Currently let on a new 5 Year Commercial lease Signed in February 2019 ***Located next to national & local retailers***The side of the property faces onto Main Town Centre Car Park*** Overlooking Large regional Aldi Store***
• Excellent High Yielding Property *** 11% Yield at Guide Price*** Quality Investment opportunity***Seldom brought to market with low guide price & Excellent Long Term Asset Management Potential***Massive Property
• The property offers fantastic long term redevelopment potential including Serviced offices / restaurant / Children’s play centre / Large Retail Premises all subject to planning*** property currently undergoing tenant Refit & Due to open as a beauticians***Lease in Tenants own name***
• Fantastic Commercial Investment with brand new lease signed in Feb 2019***FULL Details in Legal Pack ** The property benefits from being in a central location and offers excellent longer term potential***
• Town Centre Location with Braehead Shopping Centre & Xscape Leisure Centre within close proximity
LET Commercial Investment with brand new lease signed in February 2019***FULL Details in Legal Pack*** HIGH YIELD circa 11% at Very Low Guide Price ***Nearby Units are occupied by trading business***The rent is £9000 + Vat… We believe that the property sale will be treated as a TOGC and therefore no vat should be payable…prospective purchasers should make their own enquiries regarding this. Sure to be of interest to Property Developers and Owner Occupiers Alike*** Fantastic & Substantial Business Premises***This property is located within a popular district close to Town centre hosting a number of local amenities***Excellent access to M8 Motorway, Glasgow Airport, Reid Kerr & Cardonald Colleges, Glasgow / Strathclyde & Caledonian Universities. Braehead Shopping Centre & Xscape Leisure Centre within close proximityLikely to attract Substantial Interest From Investors***This fantastic property situated within a traditional red sandstone traditional tenement building, offers exceptional possible potential re-development prospects***subject to obtaining all necessary planning and building permissions*** The property would be ideal for conversion into Serviced offices / restaurant / Children’s play centre / Large Retail Premises / Nightclub – Entertainment Venue (STP)***
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Terms
Auction goes live 20th May 2021 at 9:00 GMT. Ends 20th May 2021 at 15:00 GMT. You must be registered on www.opascotland.com to be able to bid on property and view legal documents. Purchase is subject to security checks, carried out by third party electronically.
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