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Description

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

INCOME PRODUCING INVESTMENT*** Tenanted ground floor commercial premises let to Ramsdens on a FRI lease producing £13,000 per annum with 4 years remaining.

Let to Ramsdens at a passing rent of £13,000pa until September 29 with tenant break in September 27.

PRIME INVESTMENT Property is sure to appeal to investors looking to a easily rentable/manageable property in a sought after location.

SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

PRIME LOCATION Springburn Way offers a blend of commercial, recreational, and community amenities, making it a notable area within Glasgow's urban landscape.

INCOME PRODUCING INVESTMENT*** Tenanted ground floor commercial premises let to Ramsdens on a FRI lease producing £13,000 per annum with 4 years remaining. Let to Ramsdens at a passing rent of £13,000pa until September 29 with tenant break in September 27. PRIME INVESTMENT Property is sure to appeal to investors looking to a easily rentable/manageable property in a sought after location. SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** PRIME LOCATION Springburn Way offers a blend of commercial, recreational, and community amenities, making it a notable area within Glasgow's urban landscape.

Springburn Way is a vibrant hub offering a mix of shopping, dining, and recreational amenities. Springburn Shopping Centre is located at 230 Springburn Way, this centre houses a variety of retailers, including national chains and local boutiques. It offers free parking across three car parks and features amenities like an Amazon Locker for convenient parcel collection. In addition to the shopping centre, the surrounding area boasts various shops and services catering to daily needs. Springburn is served by Springburn railway station, providing regular commuter services on the North Clyde and Cumbernauld lines of the Glasgow suburban rail network. Numerous bus routes, including the First Bus 88 and 90, and M3, operate in the area, facilitating easy access to and from Springburn.

Full Address: 235 Springburn Way, Ramsdens, Springburn, G21 1DX

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Map & Location

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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £2500 +vat)

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.

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 4 Years
Rent: £13,000 per year / £1,083 per month
Yield: 11% (approx)
Tenant: Company
Notes: Let to Ramsdens at a passing rent of £13,000pa until September 29 with tenant break in September 27.

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Pricing Information & Bidding

Opening Bid: £119,000

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.

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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.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 2% of Sale Price (Minimum £2,500 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 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.

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Auction Details

Date & Time: 19 June 2025, 10am-3pm
Type: Timed Online Auction

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