Auction House UK · 26 Nov 2026 · in 38 days
Tenanted commercial unit
36 Wellmeadow Street, Paisley, Renfrewshire PA1 2EG · Scotland
LiveLeisureFreehold
- Guide
- £160,000
- Rent a year
- ≈£15,800est.
- Yield on the guide
- ≈9.9%est.
- Payback
- ≈10 yrs
- Net yield, after buying costs
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
- Size
- 2,099 sq ft
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.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
Create an accountWhat it's likely to sell for
From what comparable lots actually sold for against their guide, in Cornerlot's results.
The likely sale range: included with access, £49 a month. Start with a free account.
Create an accountEnergy rating
Auction House UK 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
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Auction House UK's record
Auction House UK's results: included with access, £49 a month. Start with a free account.
Create an accountAbout the lot
Freehold leisure lot in Paisley. Let, but the rent isn't stated on the lot page.
Lot -, Commercial Property. Tenanted commercial unit: Enjoy immediate rental income with this commercial investment in convenient Paisley town centre location. Situated on Wellmeadow Street, this ground floor premises extends to approximately 195 sq m and has been occupied by national bookmaker Ladbrokes for over 20 years. A new 10-year lease commencing 28 August 2026 (break option in 2031) will generate an annual rental income of £22,000, representing an outstanding 12.5% gross yield based on the guide price. Opportunities to acquire established commercial investments with a long-standing national covenant and double-digit returns are rare, making this an excellent addition to any investment portfolio. ** Note to Prospective Buyers: Any purchase made as a Transfer of a Going Concern (TOGC), offering a potential VAT advantage, is subject to the purchaser meeting the relevant HMRC VAT registration requirements – buyer due diligence is recommended in this regard **. Tenure: Freehold. Area: Wellmeadow Street is situated in a prominent commercial location close to Paisley town centre, benefiting from strong pedestrian footfall and excellent transport links. Paisley offers an extensive range of retail, leisure and dining facilities, together with regular rail services to Glasgow city centre and Glasgow Airport, while the nearby M8 motorway provides convenient access across the Central Belt.
Figures come from Auction House UK's published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.