Submit Offer
Description
Rarely available 100% income-producing investment located in the East End of Glasgow. Prime investment opportunity with existing tenants, making it a viable option for potential buyers.
Unit 167 is used as an Office / Storage. Length : 13Th March 2030. Full Repairing & Insuring Leases ( FRI ). Rent is £7,200 per anuum.
Unit 169 is used as a vape and convenience store in occupation since 1st of september 2024 - 31st of August 2039. Rent is £7,200 per annum.
Rent combined £14,400. This property is VAT FREE. Both Tenants benefit from small buisness rates relief.
Rent reviews every 3 years. Rental potential for the area £18,000 - £24,000 per annum. All Rent Is Up To Date And Tenants Have Good Track Record Of Rent Payments
Rarely available 100% income-producing investment located in the East End of Glasgow. Prime investment opportunity with existing tenants, making it a viable option for potential buyers. Unit 167 is used as an Office / Storage. Length : 13Th March 2030. Full Repairing & Insuring Leases ( FRI ). Unit 169 is used as a vape and convenience store in occupation since 1st of september 2024 - 31st of August 2039. Rent is £7,200 per annum. Rent combined £14,400. This property is VAT FREE. Both Tenants benefit from small buisness rates relief. Rent reviews are every 3 years. Rental potential for the area £18,000 - £24,000 per annum. All Rent Is Up To Date And Tenants Have Good Track Record Of Rent Payments.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length:
Rent: £14,400 per year / £1,200 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes:
Maps & Location
Map Street View SatelliteThe address 167–169 James Street is located in the east end of Glasgow, within an area that has a strong industrial and commercial character, alongside ongoing regeneration. The area benefits from good transport links, with easy access to major routes like the M74 motorway, connecting quickly to central Glasgow and the wider motorway network. Public transport is available via nearby train stations such as Bridgeton and Dalmarnock, offering links into the city centre.
Document Downloads
Pricing Information & Bidding
Opening Bid: £125,000
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). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Submit Offer Now