FOR SALE BY ONLINE AUCTION WEDNESDAY 18TH OF JUNE 2025 AT 9.00AM - ***AN EXCELLENT OPPORTUNITY TO ACQUIRE A FULLY TENANTED COMMERCIAL PROPERTY IN A HIGH FOOTFALL LOCATION WITHIN PAISLEY TOWN CENTRE***NUMBER 47 ENJOYS A PROMINENT FRONTAGE AND EXCELLENT VISIBILITY***HIGH POTENTIAL YIELD OF 12.5% PER ANNUM (BASED ON MARKET RENT AND GUIDE PRICE)***THIS AREA BENEFITS FROM CONSISTENT PEDESTRIAN TRAFFIC AND EXCELLENT CONNECTIVITY, INCLUDING NEARBY RAIL AND BUS LINKS***
***KEY INVESTMENT HIGHLIGHTS***
- Central Location – Busy town centre position with strong passing trade and established commercial surroundings.
- Let to Established Tenant – The property is currently let (to Scott McGinlay Catering), offering an immediate and secure income stream.
- Attractive Yield – A solid return on investment with potential for future rent reviews or uplift. Based on market rent, the big potential yield is 12.5% (£10,000 market level annual rent and based on guide price of £80,000)
- Well-Maintained Premises – The unit is presented in good condition with minimal ongoing maintenance requirements.
- Versatile Use Potential – Suitable for a range of commercial uses (subject to planning), making it a flexible long-term asset.
- Size - 441 square feet
***This property is ideal for investors seeking a hassle-free, income-generating asset in a thriving town centre. With a reliable tenant in place and a location that supports long-term demand, 47 Causeyside Street represents a strong addition to any investment portfolio.***
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 35 Kelbourne Drive, Paisley, PA1 3PH - SOLD FEB'25 - 3 Bedroom - £325,000
- 13 Arondale Drive, Paisley, PA1 3TN - SOLD FEB'25 - 3 Bedroom - £297,000
- 22, Cyril Crescent, Paisley, PA1 1GT - SOLD FEB'25 - 3 Bedroom - £185,000
Paisley is a large town situated in the west central Lowlands of Scotland. Located north of the Gleniffer Braes, the town borders the city of Glasgow to the east, and straddles the banks of the White Cart Water, a tributary of the River Clyde. It serves as the administrative centre for the Renfrewshire council area, and is the largest town in the historic county of the same name. It is often cited as "Scotland's largest town" and is the fifth largest settlement in the country, although it does not have city status. Paisley has a population of 77,267 as of 2024.
***Great transport links Close to the M8 Motorway**Glasgow Airport**Train Station**Town Centre** This property is situated close to The University of West of Scotland***Popular Location for students. This is an excellent opportunity to acquire a property which offers excellent affordable rental prospects. The Location is ideal for letting to students at The University of West of Scotland, close to Paisley Town Centre with its Shopping centre, High Street & Train Stations. Further benefits include being close to the Royal Alexandra Hospital with Glasgow Airport being a short drive away, this property is a potential location for hospital workers. There are local shopping facilities available on adjacent streets to this property with extensive recreational facilities at Braehead Shopping Centre & The Xscape Entertainment centre. Furthermore, Paisley offers a plethora of Historic & Cultural pursuits centred around the acclaimed Paisley Museum & Art Galleries.
GUIDE PRICE - £80,000
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AN EXCELLENT OPPORTUNITY TO ACQUIRE A FULLY TENANTED COMMERCIAL PROPERTY IN A HIGH FOOTFALL LOCATION WITHIN PAISLEY TOWN CENTRE
HIGH POTENTIAL YIELD OF 12.5% PER ANNUM (BASED ON MARKET RENT AND GUIDE PRICE)
NUMBER 47 ENJOYS A PROMINENT FRONTAGE AND EXCELLENT VISIBILITY
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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