Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. Situated On Busy Thoroughfare. 10 Year lease producing £5,000 pa with rent increase to £7,500pa Sept 2026
Tenant: L. Rowland & Co (Retail) Ltd t/a Rowlands Pharmacy
Expiry: 31st August 2036
Passing Rent: £5,000p.a.
Rent Increase to £7,500p.a. on 1st Sept 2026
Review & Tenant Break: 31st August 2029 & 2033
The property comprises a mid terraced ground floor retail unit with single frontage set within a larger 4 storey traditional mixed use tenemental development.
Ground: 54.88sqm (591sq ft)
Internally the property is presented in an open plan retailing lay out with fluorescent lighting. Partitions are erected to the rear forming tea prep and w.c facility.
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION ***
INCOME PRODUCING INVESTMENT*** Ground Floor retail Unit in in EXCELLENT TRADING POSITION. Situated On Busy Thoroughfare. 10 Year lease producing £5,000 pa with rent increase to £7,500pa Sept 2026
Tenant: L. Rowland & Co (Retail) Ltd t/a Rowlands Pharmacy
Expiry: 31st August 2036
Passing Rent: £5,000p.a.
Rent Increase to £7,500p.a. on 1st Sept 2026
Review & Tenant Break: 31st August 2029 & 2033
The property comprises a mid terraced ground floor retail unit with single frontage set within a larger 4 storey traditional mixed use tenemental development.
Ground: 54.88sqm (591sq ft)
Internally the property is presented in an open plan retailing lay out with fluorescent lighting. Partitions are erected to the rear forming tea prep and w.c facility.
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION ***
The subjects benefit from a prominent trading position on Shettleston Road, a main arterial route forming part of the A89 that runs between Glasgow city centre and its eastern suburbs.
The subjects lie on the south side of Shettleston Road between its junctions with Academy Street and Fenella Street within the bustling Shettleston area within Glasgow’s East End, approximately 4 miles east of the city centre. The subjects lie within a densely populated residential and commercial area and nearby occupiers include Eastbank Academy, Lidl, Nat West, Co-op Funeral Care.
The area is well served by public transport links with Shettleston Railway Station located a short walk away as well as numerous bus services that operate on Shettleston Road.
Full Address: 1322 Shettleston Road, Rowlands Pharmacy Investment, Glasgow, G32 7YS
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £5,000 per year / £417 per month
Yield: 8% (approx)
Tenant: Company
Notes: Tenant: L. Rowland & Co (Retail) Ltd t/a Rowlands Pharmacy
Expiry: 31st August 2036
Passing Rent: £5,000p.a.
Rent Increase to £7,500p.a. on 1st Sept 2026
Review & Tenant Break: 31st August 2029 & 2033
Further Information: Rowlands Pharmacies operate 75 stores throughout Scotland. As of year end Jan 2023 Rowlands Pharmacies annual turnover was c. £406m
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SPECIAL Terms of Sale
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- 4 Weeks Completion or Longer By Agreement
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Auction Details
Date & Time: 26 March 2026, 10am-3pm
Type: Timed Online Auction
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