*Guide | £175,000 (plus fees)
- Commercial Property
- Tenure: Freehold
Call the team on 0141 339 4466 for more information
Tenanted commercial unit
Enjoy immediate rental income with this commercial investment in convenient Paisley town centre location. Situated on Wellmeadow Street, this ground floor premises extends to approximately 195 sq m and has been occupied by national bookmaker Ladbrokes for over 20 years. A new 10-year lease commencing 28 August 2026 (break option in 2031) will generate an annual rental income of £22,000, representing an outstanding 12.5% gross yield based on the guide price. Opportunities to acquire established commercial investments with a long-standing national covenant and double-digit returns are rare, making this an excellent addition to any investment portfolio. ** Note to Prospective Buyers: Any purchase made as a Transfer of a Going Concern (TOGC), offering a potential VAT advantage, is subject to the purchaser meeting the relevant HMRC VAT registration requirements – buyer due diligence is recommended in this regard **
Tenure
Freehold
Area
Wellmeadow Street is situated in a prominent commercial location close to Paisley town centre, benefiting from strong pedestrian footfall and excellent transport links. Paisley offers an extensive range of retail, leisure and dining facilities, together with regular rail services to Glasgow city centre and Glasgow Airport, while the nearby M8 motorway provides convenient access across the Central Belt.
Local Authority
Renfrewshire Council
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
