Summary - 11/9, NEW STREET, PAISLEY PA1 1XU
1 bed 1 bath Office
Income-producing Victorian office near university and civic centres.
Prime town-centre location opposite civic and university hubs
1,313 sq ft ground-floor double-fronted Victorian unit
Let on FRI head lease to solicitors until 28 Nov 2032
Passing rent £12,000pa; rent reviews 2025/2028/2031
Tenant has break option in November 2027
Freehold sale; VAT may be applicable
No flood risk; fast broadband and excellent mobile signal
Area classed as very deprived — regeneration ongoing
This double-fronted Victorian ground-floor office occupies 1,313 sq ft in Paisley town centre, close to the University of the West of Scotland and multiple civic hubs. The building mixes traditional sandstone character externally with largely open-plan modern office space internally, offering strong town-centre exposure on a busy vehicular thoroughfare.
The property is sold freehold with a full repairing and insuring head lease in place to MacNair & Wilson Solicitors, extended to 28 November 2032 with a tenant break option in November 2027. Passing rent is £12,000 per annum with rent reviews in 2025, 2028 and 2031 — presenting an income-producing purchase and potential reversionary value post-break or on lease expiry.
Key practical points: no flood risk, fast broadband and excellent mobile signal, and the immediate area is subject to mixed-use regeneration and increased student accommodation nearby. Equally, the surrounding area is classified as very deprived, which may affect long-term rental growth and occupational demand.
Purchasers should note the head-lease FRI obligations, the tenant’s break option, and that VAT may apply to the sale. EPC details are available on request. The property is offered with vacant possession only at lease expiry or subject to the tenant’s ongoing lease rights.
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