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23 High St - Paisley Local Market Unité de condo • Bureau • 69 201 pi² • À vendre 1 493 754 $ CAD • Paisley PA1 2AF
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- High yielding high street retail investment opportunity;
- Combined Passing Rent of £120,001 per annum;
- Let to Poundstretcher Limited and Renfrewshire Council over ground and basement levels;
Résumé de l'annonce
The property comprises a covered shopping centre of approximately 222,000 sq ft, arranged over ground, first and lower ground levels and developed behind a retained façade. The centre opened in early 1992 and occupies a historic town centre site. The High Street entrance features the façade of a 1930’s cinema and retains listed status as an important historical building. The centre was upgraded in 2006 with the installation of new toilet facilities, enhanced mall lighting and new décor throughout and provides a modern covered shopping environment over three shopping levels.
1 Unité disponible
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement | Ancienneté | Pleine propriété |
| Taux de capitalisation | 14,24% |
| Type de vente | Investissement |
| Taux de capitalisation | 14,24% |
| Ancienneté | Pleine propriété |
Description
The property comprises the ground, first and lower ground floors contained within a modern three storey building under a flat felt roof. Poundstretcher trades from the ground floor.
The basement floor is fully fitted out for Museum artefact storage. The first floor is open plan and whilst vacant it has been zero rated
The basement floor is fully fitted out for Museum artefact storage. The first floor is open plan and whilst vacant it has been zero rated
Notes sur la vente
The ground floor is let to Poundstretcher Limited on a full repairing and insuring lease expiring on 6 September 2028.
The rent passing is £120,000 per annum (£5.20/sqft).
The tenant has been in occupation since 2018 and had a break option in 2023, which they did not exercise.
The lower ground floor is let to Renfrewshire Council, who use it to store, maintain and meticulously repair artifacts exhibited in the Paisley Museum. Their lease expires on 15 May 2036 at a rent of £1 pa.
Whilst there are rent review provisions within the lease, the reversion to full rental value will only apply if the subjects are used for commercial purposes or on expiry of the current lease. The tenant has spent significant sums on temperature and moisture control of the whole facility.
Once Renfrewshire Council’s lease expires on 12/5/36, there will be an opportunity to charge commercial rent. Using only £2/sq ft generates a further £46,000 in annual rent, bringing the total yield of the property to 19.69% at a purchase price of £800,000.
The rent passing is £120,000 per annum (£5.20/sqft).
The tenant has been in occupation since 2018 and had a break option in 2023, which they did not exercise.
The lower ground floor is let to Renfrewshire Council, who use it to store, maintain and meticulously repair artifacts exhibited in the Paisley Museum. Their lease expires on 15 May 2036 at a rent of £1 pa.
Whilst there are rent review provisions within the lease, the reversion to full rental value will only apply if the subjects are used for commercial purposes or on expiry of the current lease. The tenant has spent significant sums on temperature and moisture control of the whole facility.
Once Renfrewshire Council’s lease expires on 12/5/36, there will be an opportunity to charge commercial rent. Using only £2/sq ft generates a further £46,000 in annual rent, bringing the total yield of the property to 19.69% at a purchase price of £800,000.
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 7-11 | 69 201 pi² | Bureau | 1 493 754 $ CAD (21,59 $ CAD/pi²) | 212 710,53 $ CAD |
Unité 7-11
| Taille de l’unité |
| 69 201 pi² |
| Utilisation du condo |
| Bureau |
| Prix |
| 1 493 754 $ CAD (21,59 $ CAD/pi²) |
| Revenu net d’exploitation |
| 212 710,53 $ CAD |
1 de 4
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Unité 7-11
| Taille de l’unité | 69 201 pi² |
| Utilisation du condo | Bureau |
| Prix | 1 493 754 $ CAD (21,59 $ CAD/pi²) |
| Revenu net d’exploitation | 212 710,53 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 14,24% |
| Ancienneté | Pleine propriété |
| Description | |
| The property comprises the ground, first and lower ground floors contained within a modern three storey building under a flat felt roof. Poundstretcher trades from the ground floor.<br> The basement floor is fully fitted out for Museum artefact storage. The first floor is open plan and whilst vacant it has been zero rated</li></ul> | |
| Notes sur la vente | |
| The ground floor is let to Poundstretcher Limited on a full repairing and insuring lease expiring on 6 September 2028.<br> The rent passing is £120,000 per annum (£5.20/sqft).<br> The tenant has been in occupation since 2018 and had a break option in 2023, which they did not exercise.<br> The lower ground floor is let to Renfrewshire Council, who use it to store, maintain and meticulously repair artifacts exhibited in the Paisley Museum. Their lease expires on 15 May 2036 at a rent of £1 pa.<br> Whilst there are rent review provisions within the lease, the reversion to full rental value will only apply if the subjects are used for commercial purposes or on expiry of the current lease. The tenant has spent significant sums on temperature and moisture control of the whole facility.<br> Once Renfrewshire Council’s lease expires on 12/5/36, there will be an opportunity to charge commercial rent. Using only £2/sq ft generates a further £46,000 in annual rent, bringing the total yield of the property to 19.69% at a purchase price of £800,000.</li></ul> |
Faits sur la propriété
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
| Taille totale du bâtiment | 221 844 pi² | Superficie de plancher typique | 73 948 pi² |
| Type de propriété | Commerce de détail (Condo) | Année de construction | 1992 |
| Sous-type de propriété | Boutique | Taille du lot | 4,46 AC |
| Classe d’immeuble | B | Ratio de stationnement | 2,39/1 000 pi² |
| Planchers | 3 |
| Taille totale du bâtiment | 221 844 pi² |
| Type de propriété | Commerce de détail (Condo) |
| Sous-type de propriété | Boutique |
| Classe d’immeuble | B |
| Planchers | 3 |
| Superficie de plancher typique | 73 948 pi² |
| Année de construction | 1992 |
| Taille du lot | 4,46 AC |
| Ratio de stationnement | 2,39/1 000 pi² |
Commodités
- Aire de restauration
- Gestionnaire d'immeuble sur place
- Système de sécurité
- Espace d'entreposage
- Climatisation
1 1
Principaux détaillants à proximité
1 de 5
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
Entreprise non fournie
23 High St - Paisley Local Market
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