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Description

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

INCOME PRODUCING INVESTMENT*** Commercial premises over ground & first (5,943 sq ft) Let to Madina Store on a FRI lease producing £32,500pa with 8 years remaining.

Tenant: Madina Edibles Ltd t/a Madina Store Expiry: 24/08/2033 Rent review: 25/08/2028 Passing Rent: £32,500p.a.x. Service Charge cap of £4,156 which increases by 3% per annum

Arranged over ground and first floor area, the property is accessed via street level, with a single frontage, and has been fitted out and decorated internally to meet the tenant’s standard.

PRIME TOWN CENTRE LOCATION Neighbouring retailers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury’s Local, Iceland, Oro Italian Restaurant, and independent bar and restaurant operators

Shawlands is a highly sought after and densely populated affluent residential suburb, approximately 3 miles south of Glasgow City Centre.

INCOME PRODUCING INVESTMENT*** Commercial premises over ground & first (5,943 sq ft) Let to Madina Store on a FRI lease producing £32,500pa with 8 years remaining. Tenant: Madina Edibles Ltd t/a Madina Store Expiry: 24/08/2033 Rent review: 25/08/2028 Passing Rent: £32,500p.a.x. Service Charge cap of £4,156 which increases by 3% per annum Arranged over ground and first floor area, the property is accessed via street level, with a single frontage, and has been fitted out and decorated internally to meet the tenant’s standard. PRIME TOWN CENTRE LOCATION Neighbouring retailers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury’s Local, Iceland, Oro Italian Restaurant, and independent bar and restaurant operators. Shawlands is a highly sought after and densely populated affluent residential suburb, approximately 3 miles south of Glasgow City Centre.

Kilmarnock Road forms part of Shawlands Cross, the vibrant centre of Shawlands—known for its independent cafés, bars, restaurants, and period sandstone tenements nearby. Shawlands is a highly sought after and densely populated affluent residential suburb, approximately 3 miles south of Glasgow City Centre. Shawlands Arcade regeneration: A £68?million redevelopment aims to add ~300 residential units, retail, cafés, and public plaza to refresh the area Glasgow is the largest city in Scotland, with a population of over 635,000. The city has an extensive catchment, with the Greater Glasgow conurbation extending to approximately 2.3 million people within a one-hour drive time, accounting for more than 40% of Scotland’s population. Glasgow is the largest and most significant retail market in the UK outside of London’s West End. The city is consistently ranked second in the CACI retail rankings and provides over 5.3 million sq ft of retail space. The subject property is located on the northern aspect of Kilmarnock Road, in close proximity to Shawlands Arcade. Nearby occupiers include Gre

Full Address: 44 Kilmarnock Road, Madina Store, Shawlands, Glasgow, G41 3NH

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 24th Apr 2033
Rent: £32,500 per year / £2,708 per month
Yield: 11% (approx)
Tenant: Company
Notes: Let to Madina Store on a FRI lease producing £32,500pa with 8 years remaining. Service Charge cap of £4,156 which increases by 3% p.a. Current service charge shortfall of £486

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Pricing Information & Bidding

Opening Bid: £299,000

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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 £2,750 for on time settlement

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Buy Now Price = £355,000

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Auction Details

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

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