1 Gilmore Street, Paisley, PA1 1DD

Full Description

Prime Investment Opportunity – Secure Income & Future Potential 1 Gilmore Street, Paisley, PA1 1DD - 11,915sq ft

We Auction Property Ltd is delighted to present this exceptional investment opportunity – a fully let, three-story commercial building in the heart of Paisley, currently leased to Bank of Scotland PLC, providing a secure and substantial income of £58,000 per annum.

Key Highlights:

• Prime Town Centre Location: Situated in a highly sought-after commercial district, benefiting from excellent footfall and accessibility.
• Thriving Local Economy: Paisley is one of Scotland’s largest towns, known for its rich history, cultural attractions, and strong economic growth. With ongoing regeneration projects and excellent transport links to Glasgow and beyond, it is an increasingly attractive destination for businesses and investors alike.
• Secure Tenancy: Fully let to Bank of Scotland PLC, a blue-chip tenant, ensuring financial stability and long-term security.
• Recent £300,000 Refurbishment: The tenant has recently undertaken a major internal revamp, reflecting their commitment to the location and enhancing the building’s appeal.
• Spacious & Well-Appointed Interior: Spanning three floors, this impressive building comprises multiple office spaces, teller area, ATMS throughout, two dedicated staff rooms, multiple male/female staff toilets and is serviced by a modern elevator.
• Rent Review Due in 2026: Offering the potential for a rental increase, further enhancing the property's investment appeal.
• Future Development Potential: The property presents an exciting opportunity for future redevelopment or alternative use, subject to the necessary planning consents. Investors may explore conversion options to residential or mixed-use developments, capitalizing on Paisley’s continued regeneration and demand for modern living spaces.

Investment Overview:

This property offers investors an attractive yield, combining a highly secure rental income with potential future upside. Given the recent refurbishment by a leading financial institution, the asset is in excellent condition, reducing maintenance concerns and ensuring hassle-free ownership. With its strategic town-centre location, strong covenant tenant, and exciting redevelopment potential, this property represents a rare and highly desirable acquisition for investors seeking a high-performing asset. Don't miss this outstanding opportunity! Contact We Auction Property Ltd today for further details and to register your interest.

Contact Us

We Auction Property
272 Bath Street, Glasgow
G2 4JR