New 20 year lease to Renfrewshire Council
The purchase price reflected 7.5% NIY
Old department store
Retail and residential above
The retail unit extends to 3,653 sq. ft.
The subjects are situated on the eastern side of Paisley adjacent to the successful Piazza Shopping Centre and opposite Paisley Abbey in a redevelopment area of generally mixed uses of offices, retail and residential.
The site is well served by public transport with Gilmour Street Railway station located nearby.
The site is set amongst an area undergoing major redevelopment which helps this part of Paisley stand out from the historic town centre offering.