2 Rankine Street, Johnstone, PA5 8BA

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 13 Oct 2026.
• Guide cut from £131,000 to £124,000 (5% lower), 15 Oct 2026.

Future Property Auctions' record

About the lot

Freehold industrial lot in Johnstone. Producing £16,000 a year, a 12.0% gross yield at the guide.

Commercial Investment. INCOME PRODUCING INVESTMENT***Prominent Town Centre Unit High Street FORMER TSB *** Over £50,000 spent on refurbishment*** 100% PRINE CORNER OF SPOT ***Vat free property***. Well Established Beauty Salon Operator. Beautifully Presented Unit, extensively refurbished with front of shop area/ reception, main sales area with at least 8 chairs fully fitted to a high standard. Refurbished luxury beauty salon investment. LONG LEASE Expiry: 24th October 2034 (Over eight years of guaranteed income). Upwards only rent Review: October 2029. Passing Rent: £16,000 pa (4k a quarter). IDEAL LOCATION Coroner Position 1,377 SQ FT. LET at £16,000 per annum (low rent) Held On F.R.I Lease (Full repairing and insuring) tenant pays rates insurance and all bills . Internally the property offers a main public service area to the front, with cellular office accommodation to the side. The rear of the space has been partitioned to form storage with kitchen and WC. INCOME PRODUCING INVESTMENT***Prominent Town Centre Unit High Street FORMER TSB *** Over £50,000 spent on refurbishment*** 100% PRINE CORNER OF SPOT ***Vat free property***. Internally the property offers a main public service area to the front of the unit, with cellular office accommodation to the side. The rear of the space has been partitioned to form storage space alongside staff kitchen and w/c facilities. The property has been calculated to extend to the following net internal area; Ground: 127.91sqm (1,377sq ft). Well Established Beauty Salon Operator. Beautifully Presented Unit, extensively refurbished with front of shop area/ reception, main sales area with at least 8 chairs fully fitted to a high standard. Refurbished luxury beauty salon investment. LONG LEASE Expiry: 24th October 2034 (Over eight years of guaranteed income). Upwards only rent Review: October 2029. Passing Rent: £16,000 pa (4k a quarter). IDEAL LOCATION Coroner Position 1,377 SQ FT. LET at £16,000 per annum (low rent) Held On F.R.I Lease (Full repairing and insuring) tenant pays rates insurance and all bills . Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: 8 Years. Rent: £16,000 per year / £1,333 per month. Yield: 13% (approx). Tenant: Company. Notes: Tenant: Beaux Amis Ltd (trading within the town for 8 years). LONG LEASE Expiry: 24th October 2034 (Over eight years of guaranteed income). Upwards only rent Review: October 2029. Passing Rent: £16,000 per annum (4k a quarter). The property is situated on the east side of Rankine Street at its junction with High Street within Johnstones town centre. Located on High Street are Subway, Johnstone Town Hall, Poundland, Card Factory and Bank of Scotland along with a number of local operators. Johnstone lies 2 miles west of Paisley and is situated approximately 10 miles west of Glasgow city centre. The town has a resident population of approximately 16,500 persons and a wider catchment in the order of 250,000. The town is situated immediately…