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Investment property with conversion potential

Paisley, PA1 - Get Access

Description

This commercial development opportunity is located within a prime location in Paisley. Internal alterations are already underway, offering a fantastic opportunity for a developer to secure and complete an exciting conversion project under warrant application ref: 24/0989/BW. The property comprises a vacant space with an expansive internal layout of approximately 108 m², providing a blank canvas for development and customisation. The property offers exceptional development potential, subject to obtaining the necessary planning consents. It is sure to appeal to savvy investors or developers seeking a unique commercial investment they can customise and enhance for substantial returns. If transformed, the property could potentially flourish as an Airbnb or serviced accommodation, with comparable properties in the area generating impressive nightly rates and high-yield potential, subject to securing the required permissions and research. Situated within a vibrant arcade of shops, the property greatly benefits from its proximity to residential areas and experiences significant daily footfall, guaranteeing a constant stream of potential clientele. Paisley is a vibrant town located west of Glasgow, known for its rich history and cultural heritage. The area offers a bustling shopping scene, excellent transport links, and a strong community spirit, making it an attractive location for both businesses and residents.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,162 sq ft (Listing)

This commercial development opportunity in Paisley was valued by examining local market evidence for properties of similar character and scale. The valuation accounts for the 1,163 sq ft internal area and reflects the current semi-finished condition observed in the property imagery.

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