Lot 3b

Guide Price: £97,500 - Bid Now

52 Broomielaw, Glasgow City Centre, G1 4QN


Key Features:

Corner fronted Coffee Shop (471.41 Sq. Ft) with Class 3 HOT FOOD consents fronting both Oswald Street & the Broomielaw within Glasgow City Centre. Directly facing the River Clyde & King George V Bridge. FREEHOLD SALE. Recently trading as Java Joes Coffee shop. Rateable Value - £3,500 p/a (Suitable for small business rate relief) - LATE ENTRY


  • Historically traded as a popular coffee shop trading to the financial district and surrounding residential population (for over the 10 years). Achievable rents - £200 per week (£800 per month). Vacant possession. Situated on the Ground Floor of a traditional building within G1 Postcode. Oswald Street is one of the main thoroughfares into the city centre for bus routes & visibility
  • SUPER GLASGOW CITY CENTRE LOCATION close to Buchanan Street (main shopping zone) Union Street, Renfield Street, Argyle Street & Glasgow Central train Station. Located within the world renowned Glasgow City Centre and the Glasgow International Financial Services District. GALA Riverboat Casino on opposite corner. Near SECC & Glasgow Hydro. Subway at St Enoch Centre
  • Ideal opportunity for investor to buy an affordable café premises with hot food (Class 3) consents in a well maintained building & popular district of Glasgow. Discounted Price FOR A FAST SALE. Excellent FRONTAGE ON PROMINENT CORNER SITE - Would suit a variety of uses (estate agents, offices, hairdressers) - Freehold Commercial Sale - NEW ENTRY
  • COMMERCIAL INVESTMENT OPPORTUNITY - Glasgow is Scotland’s largest city with an Urban metro population of circa 2.85m people and is regarded as Scotland’s economic powerhouse. Ideal for Multiple commercial uses including Dance Studio, Gym, Office Space, Recording Studio, Sales Offices & many more

Description:

Corner fronted Coffee Shop (471.41 Sq. Ft) with Class 3 HOT FOOD consents fronting both Oswald Street & the Broomielaw within Glasgow City Centre. Directly facing the River Clyde & King George V Bridge. FREEHOLD SALE. Recently trading as Java Joes Coffee shop. Rateable Value - £3,500 p/a (Suitable for small business rate relief) - LATE ENTRY. Historically traded as a popular coffee shop trading to the financial district and surrounding residential population (for over the 10 years). Achievable rents - £200 per week (£800 per month). Vacant possession. Situated on the Ground Floor of a traditional building within G1 Postcode. Oswald Street is one of the main thoroughfares into the city centre for bus routes & visibility. SUPER GLASGOW CITY CENTRE LOCATION close to Buchanan Street (main shopping zone) Union Street, Renfield Street, Argyle Street & Glasgow Central train Station. Located within the world renowned Glasgow City Centre and the Glasgow International Financial Services District. GALA Riverboat Casino on opposite corner. Near SECC & Glasgow Hydro. Subway at St Enoch Centre. Ideal opportunity for investor to buy an affordable café premises with hot food (Class 3) consents in a well maintained building & popular district of Glasgow. Discounted Price FOR A FAST SALE. Excellent FRONTAGE ON PROMINENT CORNER SITE - Would suit a variety of uses (estate agents, offices, hairdressers) - Freehold Commercial Sale - NEW ENTRY

Location:


City Centre within CORNER BUILDING at end of Oswald Street. SUPER GLASGOW CITY CENTRE LOCATION close to Buchanan Street, Union Street, Renfield Street, Argyle Street & Glasgow Central train Station. Located within the world renowned Glasgow City Centre and the Glasgow International Financial Services District. GALA Riverboat Casino on opposite corner. Near SECC & Glasgow Hydro. Closest Subway at St Enoch Centre. COMMERCIAL INVESTMENT OPPORTUNITY -- Glasgow is Scotland’s Largest City With an Urban metro population of circa 2.85m people & is regarded as Scotland’s economic powerhouse - LATE ENTRY

Rateable Value:


CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.

Tenancy Details:


Type of Agreement Informal Arrangement
Length 2 years
Rent £9,600 per year / £800 per month
Yield 9.8% (at guide price)
Tenant Private Individual
Notes: Informal arrangement between owner and tenant. Tenanted at £75 per week - Small business. Informal arrangement - Tenant has agreed to sign a new 2 year lease

Guide Price: £97,500 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers 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.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    05 February 2018


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.