Description
INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor level in EXCELLENT TRADING POSITION. Tenanted property with 8 years unexpired producing £36,000 per annum on a FRI Lease.
Let to Panjtan Enterprise Ltd (t/a Glasmoke) for a term of 10 years from 24.06.2024 Rent review: 2027 No breaks Rent: £36,000 per annum on a FRI Lease
The area has been calculated to extend to the following net areas: Ground Floor 273.79 sq m (2,947 sq ft) First Floor (Office/Ancillary) 58.78 sq m (633 sq ft) Total 332.57 sq m (3,580 sq ft)
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £36,000 PER ANNUM PREVIOUSLY SOLD FOR £750,000
The property is situated on the north side of Sauchiehall Street, close to its junction with St George's Road Occupiers close by include KFC, Tesco Express, Greggs, JD Weatherspoons and Admiral Casino
INCOME PRODUCING INVESTMENT*** Retail Unit over ground and first floor level in EXCELLENT TRADING POSITION. Tenanted property with 8 years unexpired producing £36,000 per annum on a FRI Lease. Let to Panjtan Enterprise Ltd (t/a Glasmoke) for a term of 10 years from 24.06.2024 Rent review: 2027 No breaks Rent: £36,000 per annum on a FRI Lease The area has been calculated to extend to the following net areas: Ground Floor 273.79 sq m (2,947 sq ft) First Floor (Office/Ancillary) 58.78 sq m (633 sq ft) Total 332.57 sq m (3,580 sq ft) PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £36,000 PER ANNUM The property is situated on the north side of Sauchiehall Street, close to its junction with St George's Road Occupiers close by include KFC, Tesco Express, Greggs, JD Weatherspoons and Admiral Casino
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 10 Years
Rent: £36,000 per year / £3,000 per month
Yield: 7% (approx)
Tenant: Company
Notes: 10 years from 24.06.2024 (1) Rent review every 3rd year FR& I £36,000 pa Rent review 2027
Maps & Location
Map Street View SatelliteSauchiehall Street is one of Glasgow’s best-known commercial thoroughfares, occupying a highly accessible position within the city centre and extending between the city-centre shopping area and the west end. Its location places occupiers within easy reach of major retail, business, leisure, cultural and hospitality destinations. The street forms part of Glasgow’s established commercial and retail environment and benefits from its proximity to Buchanan Street, Argyle Street, the city-centre business district and the west end. The property also benefits from excellent public transport connections. Glasgow Central and Glasgow Queen Street railway stations are both within approximately a 10-minute walk of the Sauchiehall Street district, while Charing Cross Station provides particularly convenient access towards the west end. Buchanan Bus Station is also a short walk away and provides extensive local and regional bus connections. Glasgow Subway stations including Cowcaddens and Buchanan Street provide additional city-wide connectivity
Document Downloads
Pricing Information & Bidding
Opening Bid: £515,000
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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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General Terms & Conditions of Sale
Lot Specific Terms - 494-498Sauchiehall Street, Glasgow