27 School Wynd , Paisley , PA1
£36.39 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
6,046 sq ft
562 sq m
- SECTOR
Commercial development for sale
Key features
- Former church building.
- Currently let to Pace Theatre Company Limited.
- Total Gross Internal Area of 561.63 sq.m. (6,046 sq.ft.).
- Rental income of £36,000 per annum
- Offers over £220,000 invited.
- Net Initial Yield of 16.02% (after purchasers’ costs).
Description
The subjects are behind High Street and within short walking distance to Paisley Gilmour Street Station. Glasgow city centre lies approximately 10 miles to the east.
The subjects comprise a former church building, which is currently leased to Pace Theatre Company Limited used for a performing arts venue.
The premises is arranged to provide a theatre / hall on the ground floor and additional hall and balcony on the first floor.
FLOOR AREAS
According to our calculations the unit has a Gross Internal Floor Area of 561.63 sq.m. (6,046 sq.ft.) approximately.
THE TENANT
The subjects are currently let to Pace Theatre Company Limited (Company No. SC138628) on a FRI lease expiring February 2032 at a rental of £36,000 per annum, with an upwards only rent review on Open Market Rental Value on the fifth anniversary.
GRANT ASSISTANCE
The property is eligible for financial assistance for repairs through the regeneration capital grant fund. For further information, contact should be made via Renfrewshire Council.
SALE TERMS
Offers over £220,000 are invited.
VAT
All terms quoted are exclusive of VAT, where applicable.
EPC
A copy of the Energy Performance Certificate is available upon request.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred during the transaction.
Brochures
27 School Wynd , Paisley , PA1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Paisley Gilmour Street Station0.2 miles
- Paisley Canal Station0.4 miles
- Paisley St. James Station0.7 miles
Notes
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