35 Causeyside Street Paisley Renfrewshire PA1 1YL

35 Causeyside Street
Paisley
Renfrewshire
PA1 1YL

Heritable Retail Investment

  • Entirely let to William Hill Organization Limited until 2026
  • Lease recently extended by 10 years (subject to option)
  • Prominent corner location in Paisley town centre
  • Nearby occupiers include Cash Converters and Farmfoods
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    76
  • Auction
    22nd October 2015
  • Rent
    £25,650 per Annum Exclusive
  • Status
    Sold
  • Price
    £210,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Entirely let to William Hill Organization Limited until 2026
  • Lease recently extended by 10 years (subject to option)
  • Prominent corner location in Paisley town centre
  • Nearby occupiers include Cash Converters and Farmfoods
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 76
  • Auction 22nd October 2015
  • Rent
  • Status Sold
  • Price £210,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
10 miles west of Glasgow
Roads
M8, A761
Rail
Paisley Gilmour Street
Air
Glasgow International Airport
Situation

The property is situated within Paisley town centre in a prominent corner location on Causeyside Street at its junction with Orchard Street. The property lies just to the south of The Paisley Shopping Centre, which houses retailers including Marks & Spencer, Boots, Superdrug, McDonald’s and O2. Other nearby occupiers include Farmfoods, Cancer Research, Mothercare and Early Learning Centre.

Tenure

Heritable. (Scottish Equivalent of Freehold)

Location
Miles
10 miles west of Glasgow
Roads
M8, A761
Rail
Paisley Gilmour Street
Air
Glasgow International Airport
Situation

The property is situated within Paisley town centre in a prominent corner location on Causeyside Street at its junction with Orchard Street. The property lies just to the south of The Paisley Shopping Centre, which houses retailers including Marks & Spencer, Boots, Superdrug, McDonald’s and O2. Other nearby occupiers include Farmfoods, Cancer Research, Mothercare and Early Learning Centre.

Tenure

Heritable. (Scottish Equivalent of Freehold)

Description

The property comprises a ground floor retail unit with a highly visible entrance on the corner of the building.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with a highly visible entrance on the corner of the building.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x. Review
Ground Retail
108.49 sq m
(1.168 sq ft)
WILLIAM HILL
ORGANIZATION
LIMITED (1)
35 years from 21/01/1991 until 20/01/2026
on full repairing and insuring terms (2)
£25,650 (3) 20/01/2021
Totals  
108.49 sq m
(1.168 sq ft)
    £25,650  

1) William Hill began the business in 1934 as a postal and telephone betting service. The first betting shop opened in 1961 and William Hill is now the largest bookmaker in the UK, with a network of over 2,360 licenced betting shops across the UK. The business employs 12,500 people in the UK (source: www.williamhillplc.com 16/09/2015).
(2) The original lease was for a term of 25 years from 21st January 1991 until 20th January 2016. By Minute of Variation registered 12th June 2015, the Lease was amended to the effect that the period of the Lease was extended to 20th January 2026, subject to a tenant only option to determine on 20th January 2021.
(3) As per the terms of the Minute of Variation referred to above, the rent will be reduced to £20,500 pa from 2nd February 2016 until 1st February 2021. In the event that the tenant does not exercise the 2021 break option, the rent shall then be subject to review on open market value terms (upwards only).

Property Documents

  • Site Plan
    Updated Date
    30.09.15
    File Size
    76 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.09.15
    File Size
    666 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Peterkins Robertson and Paul Solicitors Kensington House, 227 Sauchiehall Street
Glasgow
G2 3EX
David Morris 0141 331 4510davidmorris@prp-legal.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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