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12-12A High St 3,056 SF 100% Leased Retail Building Paisley PA1 2BS $205,235 ($67.16/SF) 10.32% Cap Rate
Investment Highlights
- Attractive High Street investment with long-term tenant (lease to 2033).
- Located within Paisley’s regeneration zone close to UWS, council HQ, and main retail core.
- Affordable price at o/o £155,000 generating strong c.10% yield.
Executive Summary
The property is offered for sale as a freehold retail investment at offers over £155,000, with the benefit of a long-term tenant, Michelle United Ltd, who has occupied the unit since 2008 and continues under a full repairing and insuring lease until April 2033 with a passing rent of £16,000 per annum and a rent review due in 2028. Located on a prominent section of Paisley High Street within a wider regeneration area, the unit provides stable income and strong local footfall supported by nearby institutions such as the University of the West of Scotland and Paisley Museum.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,056 SF
Building Class
B
Year Built
1860
Price
$205,235
Price Per SF
$67.16
Cap Rate
10.32%
NOI
$21,186
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Frontage
38’ on High Street
Amenities
- Security System
- Automatic Blinds
- Storage Space
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Nearby Major Retailers
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12-12A High St
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