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Commercial Property with 10-year lease
Paisley, PA1 - Get Access
Description
Tenanted commercial unit in a 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 (with a 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. The property 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. Freehold. Renfrewshire Council.
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Estimated market value
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Range:
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High confidence
Floor Area: 2,099 sq ft (Listing)
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