7-9 Manse Street, Renfrew, Renfrewshire, PA4 8QH

  • Unconditional Online Auction Sale
  • Guide Price* : £82,000

SALE BY ONLINE AUCTION 23RD JULY 2020 AT 9.00AM. Online Property Auctions Scotland are delighted to offer this fully let commercial investment opportunity returning 11% rental yield based on guide price. Currently let to beautician on a 5 year lease. Busy town centre trading position.

Description

SALE BY ONLINE AUCTION 23RD JULY 2020 AT 9.00AM. Online Property Auctions Scotland are delighted to offer this fully let commercial investment opportunity returning 11% rental yield based on guide price.

• FULLY LET COMMERCIAL INVESTMENT***Rent is £9,000 per annum***This enormous property is: circa 3300 sq ft***Currently let on a new 5 Year Commercial lease Signed in February 2019 ***Located next to national & local retailers***The side of the property faces onto Main Town Centre Car Park*** Overlooking Large regional Aldi Store***
• Excellent High Yielding Property *** 11% Yield at Guide Price*** Quality Investment opportunity***Seldom brought to market with low guide price & Excellent Long Term Asset Management Potential***Massive Property
• The property offers fantastic long term redevelopment potential including Serviced offices / restaurant / Children’s play centre / Large Retail Premises all subject to planning*** property currently undergoing tenant Refit & Due to open as a beauticians***Lease in Tenants own name***
• Fantastic Commercial Investment with brand new lease signed in Feb 2019***FULL Details in Legal Pack ** The property benefits from being in a central location and offers excellent longer term potential***
• Town Centre Location with Braehead Shopping Centre & Xscape Leisure Centre within close proximity
LET Commercial Investment with brand new lease signed in February 2019***FULL Details in Legal Pack*** HIGH YIELD circa 11% at Very Low Guide Price ***Nearby Units are occupied by trading business***The rent is £9000 + Vat… We believe that the property sale will be treated as a TOGC and therefore no vat should be payable…prospective purchasers should make their own enquiries regarding this. Sure to be of interest to Property Developers and Owner Occupiers Alike*** Fantastic & Substantial Business Premises***This property is located within a popular district close to Town centre hosting a number of local amenities***Excellent access to M8 Motorway, Glasgow Airport, Reid Kerr & Cardonald Colleges, Glasgow / Strathclyde & Caledonian Universities. Braehead Shopping Centre & Xscape Leisure Centre within close proximityLikely to attract Substantial Interest From Investors***This fantastic property situated within a traditional red sandstone traditional tenement building, offers exceptional possible potential re-development prospects***subject to obtaining all necessary planning and building permissions*** The property would be ideal for conversion into Serviced offices / restaurant / Children’s play centre / Large Retail Premises / Nightclub – Entertainment Venue (STP)***

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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TBA


Bidding Opens On
23rd Jul 2020 09:00
End Date

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