Snap up eyesore... at your own risk
Former club goes back on sale with a danger warning
A fire- damaged ruin in the middle of Paisley is up for grabs for just under half a million pounds.
But the former Institute nightclub, a ramshackle eyesore in the shadow of the town’s historic abbey, is now so dilapidated and dangerous that any buyers entering the site do so at their own risk.
Developers are even hoping to flog the blot on the landscape at Bridge Street without planning permission after a previous move by hotelier Tom Stewart fell through.
The businessman, who owns the Ashtree House Hotel, wanted to transform the club into a posh restaurant, as revealed in the Paisley Daily Express.
But his plans caved in and commercial developers are now inviting offers for the 0.032 acre site on the banks of the White Cart Water.
But wear a hard hat and overalls if you are interested in the visiting the former nightclub, which in its heyday attracted thousands of revellers.
Sellers warn: “Robb Residential and the seller, consider the buildings at 20/22 Bridge Street to be dangerous structures, including its environs and boundary walls.
“Any person entering the site does so entirely at their own risk.”
But for £ 490,000 the brave buyer could snap up prime real estate, and build new flats right in the heart of Paisley.
The seller’s agent adds: “Presently on the site is a long since used former nightclub, a 1.5 storey structure in need of demolition.
“At one time detailed planning permission had been granted (now lapsed) for the demolition of the existing structure and consent granted for the development of 28 flats with underground car parking.
“Today, inbound developers will have their own design and style ideas of what they may prefer to develop, accordingly given the consent has lapsed a new planning application will be required.”
The Institute, a former popular venue with the dance crowd, closed its doors in 2003.
It soon fell into disrepair, with drug addicts using it as a den to get high.
In 2008, vandals torched the place and it has sat as an eyesore in the middle of town since.