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Tenanted Commercial Unit within the popular suburb of Dennistoun. Title Number - GLA198961. Rental £15,000 per annum with deposit (£3,750) held by landlord. Freehold Sale.
581 DUKE STREET, GLASGOW, G31 1PY - EPC Rating - Band A. DOUBLE FRONTED UNIT FACING ONTO MAIN THOROUGHFARE THROUGH DENNISTOUN (DUKE STREET). STREET PARKING AVAILABLE TO THE FRONT OF THE SHOP.
PRIME GLASGOW SUBURB LOCATION*** Located on the south side of Duke Street at its junction with Whitevale Street in the Dennistoun area of Glasgow, some 2 miles east of the city centre.
This area is primarily residential in nature however Duke Street is one of the main arterial routes linking the large suburban population of the east end with direct access to the city centre.
581 DUKE STREET, GLASGOW, G31 1PY Tenanted shop unit with EXCELLENT FRONTAGE. Former bookmakers benefits from class, one and class two Office consent. Suitable for multiple uses. Comprises a substantial commercial unit set within a larger traditional tenement style building of sandstone construction. The property offers a unique return frontage internally, former bookmakers, therefore open plan area with staff, facilities and toilet facilities and rear office area. RENTAL AGREEMENT Lease commenced June 2025 Top Mobile Scotland Ltd £15,000 per annum with rent reviews upwards 1st July 2028, 1st July 2031, 1st July 2034. Lease expires July 2035 This area is primarily residential in nature however Duke Street is one of the main arterial routes linking the large suburban population of the east end with direct access to the city centre.
The property located on the south side of Duke Street at its junction with Whitevale Street in the Dennistoun area of Glasgow some 2 miles east of the city centre.
Full Address: 581 Duke Street, Commercial Investment, Dennistoun, Glasgow, G31 1PY
Show MoreMap & Location
Map Street View SatelliteTenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: Annual
Rent: £15,000 per year / £1,250 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Top Mobile Scotland Limited - 10 year Full Repairing and Insuring (FRI) lease commencing June 2025. Rent Year 1 - £14,000 per annum Year 2 onwards - £15,000 per annum Rent Review - Every 3 years, upwards only to open market rent.
Document Downloads
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
Pricing Information & Bidding
Opening Bid: £155,000
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Terms of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
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Buy Now Price = £180,000
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Auction Details
Type: Timed Online Auction
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