BIDDING OPENS in...
Map   Street View   Satellite

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Ground Floor Class 3 Unit - Centre Of Vibrant Southside Suburb - Held on F.R.I Lease until 2034 withPassing Rent: £12,000per annum - Undergoing Extensive Renovations By Tenant - V.A.T. Free Invest

Tenant: Real Wan Ltd Expiry: 17th January 2034 Passing Rent: £12,000per annum Rent Review: 5th Anniversary Use: Class 3 Cafe Personal Guarantee from the tenant Further: The tenant already trades

The property is situated on the west side of Clincart Road, close to its junction with Cathcart Road in the languid suburb of Glasgow’s south side.

Langside is situated beside Mount Florida and Battlefield in a vibrant suburb of Glasgow with a variety of eateries, cafe’s and businesses in close proximity along with a dense population within flatt

The property benefits from a prominent frontage secured by an aluminium roller shutter with dual display windows flanking the centrally located single door entrance.

The property forms a ground floor commercial class 3 cafe set within a larger 4 storey sandstone tenemental development surmounted by a pitched roof. The property benefits from a prominent frontage secured by an aluminium roller shutter with dual display windows flanking the centrally located single door entrance. Internally the property is presented in an open plan layout with partitions to the rear forming kitchen, store and w.c. facilities. At the time of going to print, the property is undergoing extensive renovations by the tenant upgrading the fixtures and fittings. The property has been calculated to extend to the following internal area; Ground: 76.64sqm (825sq ft) The property is held on a full repairing and insuring head lease on the following terms; Tenant: Real Wan Ltd Expiry: 17th January 2034 Passing Rent: £12,000per annum Rent Review: 5th Anniversary Use: Class 3 Cafe Personal Guarantee from the tenant Further: The tenant already trades from another unit close by and requires larger space for their business. NAV/RV - £9,700 The property qualifies for rates exemption under the small business bonus scheme

The property is situated on the west side of Clincart Road, close to its junction with Cathcart Road in the languid suburb of Glasgow’s south side. Langside is situated beside Mount Florida and Battlefield in a vibrant suburb of Glasgow with a variety of eateries, cafe’s and businesses in close proximity along with a dense population within flatted dwellings in close proximity. Bus stops and road access to the city centre are close by along with Mount Florida train station a shirt walk with neighbouring occupiers including Hampden Stadium, Bucks Bar, Spartan Protein, Rightdose Pharmacy, Pure Dental Care and Hook’d Fish & Chips.

Full Address: 10 Clincart Road, Hot Food Investment, Mount Florida, Southside Glasgow, G42 9DJ

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 17th January 2034
Rent: £12,000 per year / £1,000 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Tenant: Real Wan Ltd Expiry: 17th January 2034 Passing Rent: £12,000per annum Rent Review: 5th Anniversary Use: Class 3 Cafe Personal Guarantee from the tenant Further: The tenant already trades from another unit close by and requires larger space for their business.

Document Downloads

Lease (Available) Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £124,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... 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.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Buy Now Price = £145,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £145,000 - CLICK HERE

Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 64
£119,000 OPENING BID
  • 520 Sq Ft Busy Location with Established Tenant On F.R.I Lease. Let to Baird Opticians In...
Lot 92
£675,000 OPENING BID
  • TENANTED INVESTMENT OPPORTUNITY***The Boarding House Bar and Restaurant located in popula...