Summary - Causeyside Street, Paisley, Renfrewshire, PA1 PA1 1UH
1 bed 1 bath Retail Property (high street)
Turnkey high-street unit with national tenant and recent upgrades.
Large 1,017 sq ft ground-floor retail unit
A prominent ground-floor high street unit in central Paisley, presented in a tenant fit-out and recently upgraded with LED lighting and new linoleum. The property extends to 1,017 sq ft and benefits from a large glazed frontage, steady passing footfall on Causeyside Street and close proximity to transport links, the university campus and established multiple retailers.
The unit is let to an established national sandwich operator, producing a passing rent of £20,400 pa with an outstanding 2022 rent review. The tenant has occupied the premises since 2002 and the lease currently expires on 31/05/2027 with a break option dated 01/10/2024 — purchasers should note the short lease term remaining and potential lender reluctance.
This is a turnkey retail investment in a busy town-centre retail pitch, suitable for a buyer able to accept the occupational lease profile. The building is freehold and was offered at £235,000, presenting an entry at a modest capital value given the active town-centre location and student footfall. Buyers should factor in lease and income security, the outstanding rent review and local economic indicators when assessing yield and financing options.
Practical positives include excellent mobile and fast broadband speeds, a modern tenant fit-out and low flood risk. Material cautions: only two years remain on the lease which is likely to restrict mortgage lending, the 2022 rent review is outstanding, and the surrounding area is recorded as very deprived — all factors that affect re-letting risk and valuation.
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