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Description
PRIME LET INVESTMENT Sold with existing tenants in situ 'Rettie' Estate Agency on a FRI Lease at £13,000pa until May 2032 (10YrFRI). Established tenant in sought after location.
Tenanted by Rettie & Company Ltd in occupation since 15th May 2017. Lease extended in 2022 for 10 Years until May 2032. Rent is £13,000pa. Total internal floor size 434 sq ft.
Tenant may benefit from small business rates relief due to low rateable value of £7,451. Excellent investment buy in prime location. Rent review 2027 market rent £17/19,000 pa.
Close proximities to several national retailers such as Dominoes, Tesco, Sainsburys, Clyde, Slaterhogg, Royal bank of Scotland, Santander, Nationwide + Shawlands, Pollokshaws East & Crossmyloof trains
Excellent investment in prime Southside Locale of Shawlands. Good sized unit just off main Kilmarnock Rd. Excellent visibility, convenient parking and transport facilities.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 14 May 2032
Rent: £13,000 per year / £1,083 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes: Tenanted by Rettie & Company Ltd in occupation since 15th May 2017. Lease extended in 2022 for 10 Years until May 2032. Rent review 2027 market rent £17/19,000 pa.
Maps & Location
Map Street View SatelliteSituated within the recognised shopping and leisure heart of Shawlands, the subjects occupy an extremely prominent site. The location benefits from an extremely high level of vehicular and pedestrian traffic and excellent public transport facilities. Close proximities to several national retailers such as Dominoes, Tesco, Sainsburys, Clyde, Slaterhogg, Royal bank of Scotland, Santander, Nationwide + Shawlands, Pollokshaws East and Crossmyloof trainsation.
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 = 3% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* 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.
General Terms & Conditions of Sale
Lot Specific Terms - 196Kilmarnock Road, Let Investment, Shawlands, Glasgow South