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Description

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

Fully Let Modern Development comprising a Centre of Gorbals Regeneration Project. Anchored by Glasgow City Council and Prince & Princess of Wales Hospice Passing Rent: £124,462p.a. potential of £175k

Comprisese 4 Properties with each property being held on a full repairing and insuring head lease. E.R.V.: £175,000p.a. Current Passing Rent: £124,462p.a. Hassle Free Investment Opportunity

The property comprises a substantial stand alone steel framed modern commercial development over 3 stories with 3 retail units at ground floor and library, community hub and offices at ground & upper.

The property is situated on the west side of Crown Street between its junctions with Errol Street and Old Rutherglen Road in the New Gorbals area of Glasgow.

Neighbouring occupiers include U-Save, I-2-I Opticians, Moss Pharmacy and Co-Op.

The property is situated on the west side of Crown Street between its junctions with Errol Street and Old Rutherglen Road in the New Gorbals area of Glasgow. The locale has seen extensive residential development in recent years with a small number of commercial availability to compliment the residential dwellings. Neighbouring occupiers include U-Save, I-2-I Opticians, Moss Pharmacy and Co-Op. The property comprises a substantial stand alone steel framed modern commercial development over 3 stories with 3 retail units at ground floor and library, community hub and offices at ground and upper floors. Each property Is held on a full repairing and insuring head lease on the following terms; 154/156 Crown Street Held on lease to a private individual trading as “G5 Deli” occupying approx 2,013sq ft expiring 18th July 2034 at a current passing rent of £28,182per annum with rent reviews every 5 years 158 Crown Street Let to Prince & Princess of Wales Hospice, occupying 969sq ft on a lease expiring 12th June 2029 at a passing rent of £11,500per annum. There are rent review provisions every 5 years. 160 Crown Street Let on a personal name trading as “U Save” occupying 786sq ft on a lease expiring 14th October 2035 at a passing rent of £10,000p.a. 180 Crown Street Let to Glasgow City Council operating as the local community hub and library occupying 7,478sq ft, held on an F.R.I Lease expiring 31st March 2032 with the next rent review falling in 2028.

Full Address: 154-180 Crown St, Lipton House, Detached Multilet Investment, Glasgow, G5 9XD

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Map & Location

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Various
Rent: £124,462 per year / £10,372 per month
Yield: 9% (approx)
Tenant: Company
Notes: Extremely Rare Opportunity of this magnitude Hassle Free Investment Opportunity Anchored by Glasgow City Council and Prince & Princess of Wales Hospice

Document Downloads

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Pricing Information & Bidding

Opening Bid: £1,350,000

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SPECIAL Terms of Sale

  • 10% Deposit (Minimum £3,000)
  • 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

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.

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Auction Details

Date & Time: 28 May 2026, 10am-3pm
Type: Timed Online Auction

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