Paisley is the principal town within Renfrewshire lying approximately 9 miles west of Glasgow and has a resident population of circa 74,000 persons.
The property occupies a prominent position on the south side of Johnston Street, with nearby retailers including Cancer Research UK, Sunshine Electrical, Nibbles, Kenneth Edward Hair and a number of local traders.
The property comprises the ground floor retail unit contained within a 4 storey tenement building. The unit benefits from a single glazed frontage and offers open plan accommodation internally with wc to the rear.
From our measured inspection we would confirm the property extends to the following areas and dimensions;
Gross Frontage: 12’ 4” (3.76 m)
Net Frontage: 11’ 8” (3.55 m)
Net Internal Area: 207 ft² (19.23 m²)
The property is offered to the market on a new full repairing and insuring lease for a period to be agreed incorporating regular upward only rent reviews.
Offers in the region of £6,250 per annum are sought.
Each party is to be responsible for their own legal costs.
The property has an EPC rating ‘G’.
We understand the property is entered in the Valuation Roll as follows:-
Description: Shop
Rateable Value (‘23/’24): £3,100
We note that the proposed Rateable Value effective 1st April 2023 is £3,100, still within the SBBS threshold for 100% relief for qualifying occupiers.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Arrangements to view are to be made strictly through this office.