BID NOW AVAILABLE - The seller may consider an early bid. Submit an offer now >>

Lot 61

Guide Price: £94,000 - Bid Now

151-155 Garrioch Road, West End, Glasgow, G20 8RH


GO TO...  Map  Viewings  Auction Details   How To Bid

Key Features:

PRIME WEST END OF GLASGOW OFF LICENCE INVESTMENT Lease 11/10/2002 until 10 October 2027 (over 9 years remaining) Tenant Private Individual been in place for over 15 years ***LET £8,600 P/A (LOW RENT MARKET RENTAL £14-15,000 P/A WITH 11/10 2018 Rent Review upcoming) Corner Shop Units with extensive return frontage close to BYRES ROAD (2 units being sold as 1 lot)


  • ***VAT FREE PROPERTY*** Long lease until 2027 rent reviews 11/10/2018 and 11/10/2024 low rental at £8600 p.a with growth towards £15,000 p.a expected. The property is located on the corner of the junction of Garrioch Road and Stratford Street in the NORTH KELVINSIDE area of Glasgow close to BYRES ROAD, GLASGOW UNIVERSITY, GREAT WESTERN ROAD and M8 Motorway access.
  • ***IDEAL COMMERCIAL INVESTMENT PROPERTY*** 15,000 population within 5 minutes within a densely populated student area / professionals also. BENFIT OF A WELL ESTABLISHED OFF LICENCE BEEN IN PLACE MANY YEARS. Benefit of qualifying for 100% rates relief as RV LESS THAN 15K P.A
  • Corner unit with extensive return frontage occupying a prominent corner position comprising 2 units being sold as 1 lot with main trading retail area and back storage area with kitchen wc and further storage facilities. Internally well fitted out for off-licence use measuring circa 770 square feet. Within an attractive traditional refurbished tenement building.
  • NEW ENTRY - Prime West End Investment


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

Search SAA Records

- 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 15 Years
Rent £8,600 per year / £717 per month
Yield 9.1% (at guide price)
Tenant Private Individual
Notes: ***LET £8,600 P/A (LOW RENT MARKET RENTAL £14-15,000 P/A WITH 11/10 2018 Rent Review upcoming)

Further Details:

PRIME WEST END OF GLASGOW VAT FREE OFF LICENCE INVESTMENT Lease 11/10/2002 until 10 October 2027 (over 9 years remaining) Tenant Private Individual been in place for over 15 years ***LET £8,600 P/A (LOW RENT MARKET RENTAL £14-15,000 P/A WITH 11/10 2018 Rent Review upcoming) Corner Shop Units with extensive return frontage close to BYRES ROAD (2 units being sold as 1 lot) ***VAT FREE PROPERTY*** Long lease until 2027 rent reviews 11/10/2018 and 11/10/2024 low rental at £8600 p.a with growth towards £15,000 p.a expected. The property is located on the corner of the junction of Garrioch Road and Stratford Street in the NORTH KELVINSIDE area of Glasgow close to BYRES ROAD, GLASGOW UNIVERSITY, GREAT WESTERN ROAD and M8 Motorway access. 3 miles north-west of Glasgow city centre. A Tesco Extra is located to the north of the property and is within a short walking distance. ***IDEAL COMMERCIAL INVESTMENT PROPERTY*** 15,000 population within 5 minutes within a densely populated student area / professionals also. BENFIT OF A WELL ESTABLISHED OFF LICENCE BEEN IN PLACE MANY YEARS. Benefit of qualifying for 100% rates relief as RV LESS THAN 15K P.A. Corner unit with extensive return frontage occupying a prominent corner position comprising 2 units being sold as 1 lot with main trading retail area and back storage area with kitchen wc and further storage facilities. Internally well fitted out for off-licence use measuring circa 770 square feet. Within an attractive traditional refurbished tenement building.Corner unit with extensive return frontage occupying a prominent corner position comprising 2 units being sold as 1 lot with main trading retail area and back storage area with kitchen wc and further storage facilities. Internally well fitted out for off-licence use measuring circa 770 square feet. Within an attractive traditional refurbished tenement building.

Guide Price: £94,000 - 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 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.

Map & Location:


Super west end location off Maryhill Road close to BYRES ROAD and GREAT WESTERN ROAD. The property is located on the corner of the junction of Garrioch Road and Stratford Street in the NORTH KELVINSIDE area of Glasgow close to BYRES ROAD, GLASGOW UNIVERSITY, GREAT WESTERN ROAD and M8 Motorway access. 3 miles north-west of Glasgow city centre. A Tesco Extra is located to the north of the property and is within a short walking distance. Long term likely to benefit from growth as near university and within 7 minutes of Glasgow City Centre. LIKELY TO HAVE SIGNIFICANT RENTAL GROWTH AS RENT HAS REMAINED THE SAME FOR MANY YEARS AND UPCOMING UPWARDS ONLY RENT REVIEW AT 11/10/2018.

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...

    04 December 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