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Lot 1b

Guide Price: £138,000 - Bid Now

6 Glasgow Road, Cafe Investment, Eaglesham, G76 0JQ


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Key Features:

PRIME Eaglesham Cafe Investment RENTAL POTENTIAL £13,000 p.a (1 Nov 17 rent review outstanding) Rent currently at £10,000 per annum FRI lease until 23 November 2024 from 24 Nov 2014 - Tenant - Lime Eaglesham Limited - Fully fitted café. NO VAT payable on price. Fantastic frontage and well fitted out by tenants.


  • Tenant established and popular parade. Adjacent to RS Mccolls, Hairdressers, Post Office, Schools super tenant covenant - https://www.facebook.com/limedelieaglesham/?rf=1564899673758442 Commercial lease - tenant pays rates insurance and factors bills. Rent deposit also held £3333. 100% Business rates discount available under small business bonus scheme criteria. IDEAL FOR TENANT.
  • The Lease runs from 24th November 2014 until 23rd November 2024. 1 NOV 2017 RENT REVIEW OUTSTANDING. The rent falls to be reviewed on 1st November in the years 2017, 2020 and 2023 on an open market value basis. Increase in rental forecast. ***RARE PRIME SECONDARY INVESTMENT.***
  • Internally, the subjects provide front sales space where a large glazed chilled food cabinet is located and serving area. Towards the rear of the unit is a food preparation area, food storage space and WC facilities. Seating has been provided to the window area of the front shop area.
  • The unit has recently been refurbished and is finished to a high standard throughout. The prosperous commuter village of Eaglesham is located centrally between Newton Mearns and East Kilbride. Glasgow Road comprises a busy, main arterial route linking Eaglesham to Glasgow’s south side.


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.
Rateable Value

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- Click the above link to automatically search the latest records for this post code. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.

Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 10 Years
Rent £10,000 per year / £833 per month
Yield 7.2% (at guide price)
Tenant Private Individual
Notes: Lime Eaglesham Limited - Fully fitted café. NO VAT payable on price.

Further Details:

PRIME SOUTHSIDE Ready Let Café Investment. all rental payments up to date. IDEAL HASSLE FREE INVESTMENT in super internal condition. PRIME Eaglesham Cafe Investment RENTAL POTENTIAL £13,000 p.a (1 Nov 17 rent review outstanding) Rent currently at £10,000 per annum FRI lease until 23 November 2024 from 24 Nov 2014 - Tenant - Lime Eaglesham Limited - Fully fitted café. NO VAT payable on price. Fantastic frontage and well fitted out by tenants. Tenant established and popular parade. Adjacent to RS Mccolls, Hairdressers, Post Office, Schools super tenant covenant - https://www.facebook.com/limedelieaglesham/?rf=1564899673758442 Commercial lease - tenant pays rates insurance and factors bills. Rent deposit also held £3333. 100% Business rates discount available under small business bonus scheme criteria. IDEAL FOR TENANT. The Lease runs from 24th November 2014 until 23rd November 2024. 1 NOV 2017 RENT REVIEW OUTSTANDING. The rent falls to be reviewed on 1st November in the years 2017, 2020 and 2023 on an open market value basis. Increase in rental forecast. ***RARE PRIME SECONDARY INVESTMENT.*** Internally, the subjects provide front sales space where a large glazed chilled food cabinet is located and serving area. Towards the rear of the unit is a food preparation area, food storage space and WC facilities. Seating has been provided to the window area of the front shop area. IDEAL HASSLE FREE INVESTMENT PURCHASE.

Guide Price: £138,000 - Bid Now


What is a Guide Price...

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.

Map & Location:


The unit has recently been refurbished and is finished to a high standard throughout. The subjects are located approximately 15 miles to the south of Glasgow City Centre and are located within the prosperous commuter village of Eaglesham which is located centrally between Newton Mearns and East Kilbride. Glasgow Road comprises a busy, main arterial route linking Eaglesham to Glasgow’s south side.

Viewings:


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.

Auction Details:



  • Auction Date...

    22 October 2018


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions...

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.

How To Bid:


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