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The freehold of this popular live music venue in Paisley with a long-term tenancy is available to purchase through Bowman Rebecchi - The Home of Property.
An exceptional opportunity to acquire the freehold of a distinctive property in a central Paisley location, currently operating as an established and highly regarded live music venue.
Situated at 15 Shutter Street, this characterful property is offered for sale subject to a sitting tenant, providing immediate and secure rental income.
The property is let until November 2028 at a passing rent of £1,800 per calendar month (£21,600 per annum) under a fully repairing lease, making this an attractive and low-maintenance investment.
The venue benefits from a purpose-adapted internal layout for live performances and events, with an approximate capacity of 500 people.
FREEHOLD INVESTMENT OPPORTUNITY FOR ONE OF PAISLEY’S BEST LIVE MUSIC VENUES
The property is occupied by The Bungalow, an award-winning, independent and ethical live music venue that is firmly embedded in the cultural fabric of Paisley and Central Scotland. Known for its relaxed atmosphere and strong community ethos, the venue operates as a Community Interest Company, reinvesting profits to support grassroots arts events and to enhance its programme of live performances.
The Bungalow has a significant musical legacy dating back to the late 1970s, when its original premises on Renfrew Road hosted a wide array of influential artists, including The Fall, The Jam, The Clash, Buzzcocks, Echo & The Bunnymen, The Teardrop Explodes, Orange Juice, and many others. Following its closure in the early 1980s, the venue was successfully revived in 2008 at its current Shutter Street location.
Since reopening, the venue has built a strong reputation for showcasing both emerging talent and established acts, with performers including Frightened Rabbit, Kyle Falconer, The Rezillos, China Crisis, The Christians, The Blockheads, Toploader, and The Quireboys, among many others. The venue operates with a clear ethical stance, does not support pay-to-play practices, and is recognised for offering accessible and often free live music events.
The venue operates primarily as an 18+ space, with limited exceptions subject to event-specific conditions and supervision requirements.
The property offers flexibility for future use, subject to the necessary consents, and benefits from a central, well-connected location close to Paisley town centre, transport links, and amenities. The freehold sale provides purchasers with full control over the long-term future of the asset, whether retained as an income-producing investment or repositioned following lease expiry.
This opportunity will appeal to investors seeking secure income as well as owner-occupiers or developers looking to acquire a unique and culturally significant property in one of Renfrewshire’s most prominent towns.
Further details are available upon request.
VIEWING
Viewings can be arranged by appointment with Bowman Rebecchi Commercial.
PLANNING
The premises benefits from Sui Generis use.
LICENSING
A Premises Licence is in place with the property that permits the sale of alcohol.
ACCOMMODATION
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
209 Sq M - 2,250 Sq Ft
RATES
From the Assessor’s website, we note the subjects are in the current Valuation Roll with a Rateable Value of £13,750.
EPC
A copy of the Energy Performance Certificate is available upon request.
PRICE
Offers are invited for the purchase of our client's freehold in the property, with an asking price of offers in the region of £215,000 (excluding VAT).
Parties should register their interest with Bowman Rebecchi.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax
ANTI-MONEY LAUNDERING
To comply with anti-money laundering legislation, the successful tenant will be required to provide certain identification documents.
For further information, please contact Bowman Rebecchi.