DEADLINE FOR OFFERS Friday 23rd February 2018 at 5pm. Submit an Offer Now

Lot 1q

Guide Price: £59,000 - Bid Now

466 Ballater Street, Glasgow, G5  0QW


Key Features:

DOUBLE FRONTED COMMERCIAL INVESTMENT with LONG TERM TENANT on 4 YEAR LEASE at £835.00 per month (£10,020 per annum). EXCELLENT CITY CENTRE INVESTMENT POTENTIAL


  • Size - 119.40-meter square (1285.21 square feet) FRI Lease - tenant also pays insurance/rates/all bills etc; HASSLE-FREE investment. Excellent location; only 5 minute’s walk to Glasgow City Centre. Commercial Investment on busy main road with excellent long-term tenant on a lease – till 2022 - 4 Years of rental income rental £835.00 per month £10,020 per annum
  • DOUBLE-FRONTED shop unit attractively fitted out as a hairdressers & barbers shop. Tenants been in occupation already for about 10 years. Broad glass frontage, spacious front shop, to the rear there is a corridor with W.C, Kitchen and spacious Cupboard. Suspended ceilings throughout, fluorescent lighting and gas central heating.
  • Fantastic location minutes to Glasgow City Centre, St Enoch Shopping Centre, Buchanan Street & Argyle Street. Close to the new Leisure Complex. Excellent access with M8 and M74 links close by as well as Bridge Street underground located under half a mile away. The property is located next to well established business.
  • The property is located next to well established business. The Gorbal’s itself has been the centre of massive regeneration over the last 20 years. Indeed, the shop itself is surrounded by high end modern flats and new commercial units, whilst retaining its unique city centre community feel. EXCELLENT CITY CENTRE INVESTMENT

Description:

DOUBLE FRONTED COMMERCIAL INVESTMENT with LONG TERM TENANT on 4 YEAR LEASE at £835.00 per month (£10,020 per annum). EXCELLENT CITY CENTRE INVESTMENT POTENTIAL Size - 119.40-meter square (1285.21 square feet) FRI Lease - tenant also pays insurance/rates/all bills etc; HASSLE-FREE investment. Excellent location; only 5 minute’s walk to Glasgow City Centre. Commercial Investment on busy main road with excellent long-term tenant on a lease – till 2022 - 4 Years of rental income rental £835.00 per month £10,020 per annum DOUBLE-FRONTED shop unit attractively fitted out as a hairdressers & barbers shop. Tenants been in occupation already for about 10 years. Broad glass frontage, spacious front shop, to the rear there is a corridor with W.C, Kitchen and spacious Cupboard. Suspended ceilings throughout, fluorescent lighting and gas central heating.

Location:


Fantastic location minutes to Glasgow City Centre, St Enoch Shopping Centre, Buchanan Street & Argyle Street. Close to the new Leisure Complex. Excellent access with M8 and M74 links close by as well as Bridge Street underground located under half a mile away. The property is located next to well established business. The Gorbal’s itself has been the centre of massive regeneration over the last 20 years. Indeed, the shop itself is surrounded by high end modern flats and new commercial units, whilst retaining its unique city centre community feel. EXCELLENT CITY CENTRE INVESTMENT

Rateable Value:


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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 Full Repairing & Insuring (FRI)
Length 4 years
Rent £10,020 per year / £835 per month
Yield 17.0% (at guide price)
Tenant Private Individual
Notes: 4 years left to run, long term tenant £835 per month

Guide Price: £59,000 - 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:

    20 March 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.