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Description
INCOME PRODUCING INVESTMENT*** Well established town centre public house long established tenant held on a FRI lease producing £30,000 per annum ***VAT FREE PURCHASE***
Tenant: Shettleston 2021 Ltd Term: 06th September 2021 - 06th September 2028 Passing Rent: £30,000 per annum Rent Review: 06th September 2028
The area has been calculated to extend to the following net areas: Ground: 187.05 sqm (2,013 sq ft) Basement: 177.1 sqm (1,906 sq ft) Total 364.15 sqm (3,920 sq ft)
Ground floor and basement level of a single storey terraced property. Internally provides large open plan public bar with seating area, male & female WC's kitchen and large basement with storage area
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** LONG STANDING TENANT IN SITU *** Rental £30,000 PER ANNUM
INCOME PRODUCING INVESTMENT*** Well established town centre public house long established tenant held on a FRI lease producing £30,000 per annum ***VAT FREE PURCHASE*** Tenant: Shettleston 2021 Ltd Term: 06th September 2021 - 06th September 2028 Passing Rent: £30,000 per annum Rent Review: 06th September 2028 The area has been calculated to extend to the following net areas: Ground: 187.05 sqm (2,013 sq ft) Basement: 177.1 sqm (1,906 sq ft) Total 364.15 sqm (3,920 sq ft) Ground floor and basement level of a single storey terraced property. Internally provides large open plan public bar with seating area, male & female WC's kitchen and large basement with storage area PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** LONG STANDING TENANT IN SITU *** Rental £30,000 PER ANNUM
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 2 Years
Rent: £30,000 per year / £2,500 per month
Yield: 16% (approx)
Tenant: Company
Notes: Tenant: Shettleston 2021 Ltd Term: 06th September 2021 - 06th September 2028 Passing Rent: £30,000 per annum Rent Review: 06th September 2028
Maps & Location
Map Street View SatellitePrime commercial premises located in the Shettleston area of Glasgow’s East End approximately 5 miles from the city centre. More specially the subject property is situated on the north side of Shettleston Road between its junctions with Chester Street and Evie Street within its prime section where neighbouring occupiers include Boots, Greggs and Anderson Maguire Funeral Directors. The area is further enhanced with the award winning Tollcross Park, Shettleston Library and the popular retailing destination of The Forge Shopping Centre and Retail Park. There is quick access to the M74 motorway providing further easy access to the M77 and M8 road network. Bus stop directly outside the property with direct routes to Glasgow City Centre and local train station at Shettleston.
Document Downloads
Pricing Information & Bidding
Opening Bid: £189,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 1169Shettleston Road, Glasgow
Buy Now Price = £225,000
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