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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
Prime Let Commercial Unit in Centre Of Busy Area - Highly Desirable Location - Queens Park in Glasgow's South Side - Held on F.R.I Lease - Expiry: May 2028 - Passing Rent: £15,000p.a.
The property is situated on the east side of Victoria Road, south of its junction with Allison Street in Glasgow's south side.
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Human Relief Foundation
Passing Rent: £15,000p.a.x
Expiry: 24th May 2028.
Tenant Break: 25th May
The property forms a mid terraced ground floor retail property set within a larger 4 storey mixed use sandstone tenemental development surmounted by a pitched roof.
The locale of QueensPark is a vibrant and upcoming neighbourhood with a host new bars, restaurant and cafes with demand for residence and indeed commercial occupation rapidly increasing.
The property forms a mid terraced ground floor retail property set within a larger 4 storey mixed use sandstone tenemental development surmounted by a pitched roof.
The property benefits from aluminium shutters securing the frontage. Internally the property is fitted out in accordance with the tenants requirements with suspended acoustic tile ceiling, carpeted and laminated timber flooring within the open plan sales area to the front and partitioned w.c and tea prep to the rear.
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Human Relief Foundation
Passing Rent: £15,000p.a.x
Expiry: 24th May 2028.
Tenant Break: 25th May 2026
The property has been calculated to extend to the following internal area:
65sqm (700sq ft)
NAV/RV - £9,900
The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)
The property is situated on the east side of Victoria Road, south of its junction with Allison Street in Glasgows south side.
The locale of QueensPark is a vibrant and upcoming neighbourhood with a host new bars, restaurant and cafes with demand for residence and indeed commercial occupation rapidly increasing. The property is well located with ample public transport and on street parking available in abundance. Neighbouring occupiers include Boots, Tesco, Bank of Scotland, SLB Coffee, Loop & Scoop and St Brides Primary School.
Full Address: 447 Victoria Road, Glasgow, G42 8RW
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2028
Rent: £15,000 per year / £1,250 per month
Yield: 11% (approx)
Tenant: Company
Notes: Tenant: Human Relief Foundation
Passing Rent: £15,000p.a.x
Expiry: 24th May 2028.
Tenant Break: 25th May 2026
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Legal Pack (Available)
Pricing Information & Bidding
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SPECIAL Terms of Sale
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- 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
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Buy Now Price = £162,000
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Auction Details
Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction
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