Tenanted commercial unit

This income-producing investment property is a ground floor retail unit situated in a prime High Street position. It is currently tenanted, generating an annual income of £16,000 on a Full Repairing and Insuring (FRI) lease. The property is located in Paisley City Centre. The lease terms include Michelle United Ltd as the tenant, with an expiry date of 14th April 2033 and a rent review scheduled for April 2028. The unit features a single frontage with open plan retail space, a partitioned WC, and a tea preparation area at the rear. Additionally, there is a mezzanine level utilized for ancillary storage. The total net area extends to approximately 62.70 sqm (675 sq ft), comprising 52.49 sqm (565 sq ft) on the ground floor and 10.21 sqm (110 sq ft) on the mezzanine. This property represents a strong investment opportunity, well-suited for inclusion in a diverse portfolio, given its excellent trading position and consistent rental income. The property is situated on the south side of High Street, benefiting from a busy thoroughfare and vehicular system through the town. It is close to the University of the West of Scotland, Paisley Museum & Art Gallery, West College Scotland, Renfrewshire Council HQ, and the main courts, all within walking distance. The immediate area, including the former Paisley Shopping Centre, is currently undergoing significant regeneration and repurposing into a mixed-use commercial, residential, and student accommodation area.