The Bungalow
Description
An excellent opportunity to acquire a licensed investment situated in the heart of Paisley. The Bungalow is a long established live music venue and licensed bar. It is widely regarded as one of Scotland’s most important grassroots music venues, with a reputation extending well beyond Renfrewshire.Location
The Bungalow is situated in the heart of Paisley Town Centre, an established and well connected commercial location. The property is just off Paisley High Street, placing it within close proximity to several other businesses in the retail, leisure and hospitality sectors. The location benefits from excellent public transport links, with Paisley Gilmour Street Railway Station nearby providing regular services to Glasgow and the wider Central Belt, alongside good local bus services serving the town centre and surrounding districts.Internal Details
Predominantly single‑storey purpose‑adapted leisure venue. Large open‑plan main performance space allowing flexible audience layouts. Raised stage area designed for live music and events with an integrated licensed bar servery positioned for efficient service. There is back-of‑house accommodation including staff, performer and storage areas. Robust practical finishes designed for heavy footfall and regular events with adaptable layout suited to live music, performances, club nights and community events. Overall internal capacity reported at c.290-500.External Details
The Bungalow comprises an attractive detached single‑storey building of traditional construction finished in a white rendered exterior beneath a pitched slate roof.The Opportunity
This opportunity will appeal to investors who are keen to grow their portfolios however, would also suit those looking to invest for the first time with cash or via a SIPP. Either way, this will provide a good steady income.
The tenant's lease was due to expire in 2028 however, this has since been extended to 2036, which demonstrates they are determined to continue growing the business.
The Bungalow has won several awards over the years.
For the avoidance of doubt, the business is not for sale - investment only.
Investment Summary
• FRI Lease to The Bungalow Enterprises CIC
• Lease Expiry - 2036
• Annual Rent - £21,600