Summary - Gilmour Street, Paisley, Renfrewshire, PA1 PA1 1DD
1 bed 1 bath Restaurant
**Standout Features:**
- Prime town center location with high foot and vehicle traffic.
- Spacious ground floor and basement totaling 2,901 sq ft.
- Newly renovated with a welcoming atmosphere and modern industrial style.
- Currently operated by experienced restaurateurs with potential for continued success.
- Long lease until August 2032, with a realistic rent increase planned for 2027.
- Close proximity to the University of West of Scotland, making it ideal for catering to students.
**Potential Concerns:**
- Freehold sale; potential mortgage challenges due to 9 years remaining on the lease.
- The area is categorized as deprived, which may impact business performance.
- Requires confidentiality during any viewing or inquiry to protect the ongoing business.
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This well-presented restaurant and café on Gilmour Street in Paisley features an impressive 2,901 sq ft of modernized space perfect for capitalizing on the bustling foot traffic of the city center. With a dual display window and a welcoming atmosphere, this venue is ideally situated near the University of West of Scotland, making it an excellent opportunity for attracting a diverse customer base, particularly students.
The property benefits from a secure F.R.I lease, set at a current passing rent of £28,000 per annum, with an increase to £33,200 in 2027, offering solid rental prospects for the future. While potential buyers should be aware of the mortgage challenges linked to the remaining 9 years on the lease, the unique position and large footprint present remarkable ongoing value.
Discover the potential for growth in this vibrant community while also enjoying the exclusivity of a prime location. This opportunity may not last long—act fast to secure your future in this thriving restaurant scene!
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