Description

PRIME INCOME PRODUCING INVESTMENT*** Commercial Unit in in EXCELLENT TRADING POSITION. The Independent Family Funeral Directors Ltd in occupation producing £47,000 pa from October 26 on a FRI Lease.

Let to The Independent Family Funeral Directors L for a term of 15 years from 7th October 2021. Breaks: Tenant only at year 10 with 6 months’ notice Rent: £47,000 per annum from Oct 2026

The property extends to a gross internal area of 3,637 sq ft on a site of 0.48 acres with private customer parking for 19 cars. The property is fully fitted out to the tenants specifications.

Formerly an MOT car service centre, a change of use was granted in September 2018 for Class 1 – Funeral Directors. The property is suitable for a variety of uses.

EXCELLENT LOCATION**The property benefits from being within easy reach of Clydebank town centre, where a wide range of shops, cafés, restaurants and everyday services can be found.

PRIME INCOME PRODUCING INVESTMENT*** Commercial Unit in in EXCELLENT TRADING POSITION. The Independent Family Funeral Directors Ltd in occupation producing £47,000 pa from October 26 on a FRI Lease. Formerly an MOT car service centre, a change of use was granted in September 2018 for Class 1 – Funeral Directors. Our client subsequently undertook a substantial refurbishment and fit out of the building to create the current configuration The property is held on a full repairing and insuring head lease for 15 years, from 7th October 2021, subject to a tenant only break option at the end of year 10 exercisable on not less than 6 months written notice. The current passing rent is £40,000 per annum (£11.00 per sqft) with the benefit of 5 yearly uplifts linked to CPI, capped and collared between 3% and 1% per annum, compounded annually. The next review will result in a rent increase to £47,000p.a from October 2026 The lease is held by the main operating company within the group, The Independent Family Funeral Directors Ltd trading as Fosters Family Funeral Directors. The lease will be subject to a Schedule of Condition to document its current condition. The repairing clause is restricted so that the tenant is not obliged to put the premises into any better condition than as evidenced in the Schedule of Condition. Fosters are a well-established Funeral Directors business, operating from 20 locations across the central belt of Scotland. More detailed information can be found here on their website: www.fostersfuneraldirectors.com Fosters Funerals was established in 2011 and the funeral business at Clydebank was opened in 2019. Fosters Funeral Directors was acquired by August Equity in 2018. Following a combination of additional business acquisitions and strong organic growth, Fosters is now the fastest growing funeral services provider in Scotland. This has been driven by providing a modern, high-quality and comprehensive service at a competitive price compared with the market leaders. August Equity are committed to supporting Fosters through a continued expansion programme throughout Scotland.

Tenancy Details

Maps & Location

Located on a highly prominent site at the junction of Dumbarton Road and Great Western Road(A82) in the Clydebank area of Greater Glasgow. This is a main arterial road traffic route linking Glasgow’s West End to Dumbarton and onwards to Loch Lomond and the west coast of Scotland.

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