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6 Glasgow Rd 1,033 SF Retail Condo Unit Offered at $349,975 in Paisley PA1 3QA
Investment Highlights
- Occupiers close by include residential and a variety of local businesses
- Held on 15year FRI Lease (2041 Expiry)
- Passing £25,000p.a.x
- Paisley Canal Rail Station is 0.8 miles south from the property, providing services to Glasgow Central
- 10year Guaranteed Income
- Price: £260,000
Executive Summary
The property is situated on the south side of Glasgow Road, close to its junction with Mill Street. Paisley is the largest town in Renfrewshire, located 8 miles west of Glasgow city centre.
Property Facts
| Total Building Size | 11,020 SF | Typical Floor Size | 2,204 SF |
| Property Type | Office (Condo) | Year Built | 1968 |
| Building Class | C | Lot Size | 0.09 AC |
| Floors | 5 |
| Total Building Size | 11,020 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 2,204 SF |
| Year Built | 1968 |
| Lot Size | 0.09 AC |
Amenities
- Security System
- Signage
1 Unit Available
Unit 6
| Unit Size | 1,033 SF | Sale Type | Investment |
| Price | $349,975 | Tenure | Freehold |
| Price Per SF | $338.79 | Cap Rate | 9.62% |
| Condo Use | Retail | NOI | $33,662.22 |
| Unit Size | 1,033 SF |
| Price | $349,975 |
| Price Per SF | $338.79 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 9.62% |
| NOI | $33,662.22 |
Description
The property comprises a retail unit across the ground floor, with total accommodation of approx. 96 sq m (1,033 sq ft).
Sale Notes
Heritable takeaway restaurant investment with a guide price of £260,000.
15 years from Completion Rent review every 5th year (2)Tenant break option in 10th year FR& I subject to schedule of condition.
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6 Glasgow Rd
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