Popular Live Music Venue in Paisley Available to Purchase
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.
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.
15 Shuttle Street is available for offers over £215,000.