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INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. Situated On Busy Thoroughfare. 10 Year lease producing £5,500 pa with rent increase to £6,500pa Sept 2026
The property offers a single display window frontage and entrance door. Internally the property offers an open plan retailing area with partitioned consultation room and dispensary.
Tenant L. Rowland & Co (Retail) Ltd t/a Rowlands Pharmacy Expiry: 31st August 2036 Passing Rent: £5,500p.a. Rent Increase to £6,500p.a. on 1st Sept 2026 Review & Tenant Break: 31st August 2026 & 2031
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Market rent £8-9,000 per annum
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. Situated On Busy Thoroughfare. 10 Year lease producing £5,500 pa with rent increase to £6,500pa Sept 2026 ***Market rent £8-9,000 per annum The property comprises a mid terraced ground floor retail unit set within a larger single storey commercial parade surmounted by a pitched roof. Ground: 48.77sqm (525sq ft) The property offers a single display window frontage and entrance door. Internally the property offers an open plan retailing area with partitioned consultation room and dispensary. Tenant L. Rowland & Co (Retail) Ltd t/a Rowlands Pharmacy Expiry: 31st August 2036 Passing Rent: £5,500p.a. Rent Increase to £6,500p.a. on 1st Sept 2026 Review & Tenant Break: 31st August 2026 & 2031 PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION ***
The subjects are situated on the prominent and busy thoroughfare of Balmore Road in close proximity to Saracen Cross in the North of Glasgow with a variety of private and social housing along with an increasing demand for retail space in the area. The area is densely populated and a main thoroughfare through North Glasgow. Neighbouring occupiers include Allied Vehicles, Shell Petrol Station, Lidl, Home Bargains.
Full Address: 144 Balmore Road, Glasgow, G22 6LJ
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Type of Agreement: Full Repairing & Insuring (FRI)Length: 10 Years
Rent: £5,500 per year / £458 per month
Yield: 7% (approx)
Tenant: Company
Notes: Tenant L. Rowland & Co (Retail) Ltd t/a Rowlands Pharmacy Expiry: 31st August 2036 Passing Rent: £5,500p.a. Rent Increase to £6,500p.a. on 1st Sept 2026 Review & Tenant Break: 31st August 2026 & 2031
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Pricing Information & Bidding
Opening Bid: £76,000
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SPECIAL Terms of Sale
- 10% Deposit (Minimum £3,000)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
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Auction Details
Type: Timed Online Auction
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