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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

IMMEDIATE INCOME PRODUCING, REFURBISHED COMMERCIAL INVESTMENT. Ground floor unit in prime trading position sold with tenant in place on new 5 year lease with tenant paying £6,300 per annum.

SUPER TRADING POSITION would lend itself to multiple potential uses including potential for HOT FOOD/ CLASS 3 (subject to consents) in thriving and densely populated residential location.

Current layout comprises front shop area, Kitchen and W.C facilities. Flexible layout. Similar properties around Glasgow have been converted to residential with MASSIVE DEMAND IN GLASGOW SOUTHSIDE.

Good sized unit (approx 250sqft) with prominent frontage. Suitable for Industrial / General Industrial / workshop /office /clinic /salon / Shop/ florist or HOT FOOD. Roller shutter and toughened glass

SUPER LOCATION yards from the extremely busy Clarkston Road- a main thoroughfare road serving Glasgow's Southside. On- street parking available making this an excellent trading spot.

IMMEDIATE INCOME PRODUCING, REFURBISHED COMMERCIAL INVESTMENT. Ground floor unit in prime trading position sold with tenant in place on new 5 year lease with tenant paying £6,300 per annum. SUPER TRADING POSITION would lend itself to multiple potential uses including potential for HOT FOOD/ CLASS 3 (subject to consents) in thriving and densely populated residential location. Current layout comprises front shop area, Kitchen and W.C facilities. Flexible layout. Similar properties around Glasgow have been converted to residential with MASSIVE DEMAND IN GLASGOW SOUTHSIDE. Good sized unit (approx 250sqft) with prominent frontage. Suitable for Industrial / General Industrial / workshop /office /clinic /salon / Shop/ florist or HOT FOOD. Roller shutter and toughened glass. SUPER LOCATION yards from the extremely busy Clarkston Road- a main thoroughfare road serving Glasgow's Southside. On- street parking available making this an excellent trading spot.

Located on the outskirts of the famous and trendy Southside district of Shawlands and the increasingly popular Strathbungo are both approximately 1 mile away, offering an additional range of facilities including supermarkets, high street banking, trendy bars and cosmopolitan restaurants. The immediate district of Cathcart also has many shops and services available. Public transport includes train stations at Langside, Cathcart and Kings Park (all with connections to Glasgow Central. Further shopping can be found at The Avenue Shopping Centre in Newton Mearns and Silverburn Shopping Complex which are both only a short drive away. Also close at hand are excellent public transport and motorway links allowing easy access to Glasgow City Centre and destinations further afield. The M8 and M77 motorways are easily accessible and recreational activities can be found at the nearby Queens Park as well as the fantastic Battlefield Community Project Garden which is situated at the corner of Arundel Drive and Ledard Road.

Full Address: 22 Craig Road, Tenanted Investment, Cathcart, Glasgow, G44 3DR

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Tenancy Details

Type of Agreement: Basic Lease
Length: Aug 2028
Rent: £6,300 per year / £525 per month
Yield: 14% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Opening Bid: £44,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • title to be split upon completion

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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