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Investment property with commercial premises

Paisley, PA1 - Get Access

Description

Vacant ground-floor commercial premises with an estimated rental value (ERV) of £25,000 per annum, offering a well-presented turn-key retail opportunity in a main student hub with zero VAT. The property comprises a ground floor corner commercial unit set within a larger traditional sandstone tenemental development, benefiting from a return frontage onto Johnston Street. Internal features include laminated timber flooring and recessed spots within a suspended acoustic tile ceiling, with the rear of the property providing a storage and preparation room along with a partitioned WC. The net internal area extends to approximately 141 sq m (1,518 sq ft). Located in a prime corner position on a busy thoroughfare, the property is situated on the east side of Causeyside Street, south of its junction with Johnston Street and north of its junction with Canal Street within Paisley town centre. Causeyside Street serves as Paisley's secondary commercial area, featuring a mix of commercial occupiers on the ground floor with residential dwellings above and in the surrounding area. Surrounding occupiers include a mixture of national and local businesses such as Cancer Research UK, Subway, and Greggs. The location benefits from excellent public transport links, with numerous bus stops and Paisley Canal Street Station within a five-minute walk. Additionally, the town is home to the University of the West of Scotland, which accommodates around 14,730 students, significantly enhancing local footfall and the potential customer base.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,518 sq ft (Listing)

Valuing this traditional ground-floor commercial unit on Causeyside Street involves examining recent retail transactions along the same busy thoroughfare. The property benefits from a prominent corner position and good internal presentation requiring no refurbishment. Floor area of 1,518 sq ft is derived from the scraped property details.

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