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Description

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

***INCOME PRODUCING COMMERCIAL INVESTMENT*** 1,711sq feet Ground & 1st Floors. Tenanted commercial premises located on a busy retail parade. FRI lease at £39,195pa. Tenant In Situ Situ since 1988.

SUPER TRADING POSITION ***with highly visible frontage. Ground and first floor mid-terraced retail unit with street parking to the front of the property.

PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £39,195 per annum on a 5 year FRI lease.

The property is situated on the west side of Busby Road close to its junction with Busby Road roundabout linking Eaglesham Road.

Busby Road forms the main shopping thoroughfare in Clarkston with various multiple occupiers in the vicinity including Tesco, PDSA, Shelter, Pizza Hut, Betfred, Boots & Costa Coffee

***INCOME PRODUCING COMMERCIAL INVESTMENT*** Tenanted commercial premises located on a busy retail parade. Tenant In Situ Situ since 1988. Producing £39,195 per annum on a FRI lease. SUPER TRADING POSITION ***with highly visible frontage. Ground and first floor mid-terraced retail unit with street parking to the front of the property. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £39,195 per annum on a 5 year FRI lease. The property is situated on the west side of Busby Road close to its junction with Busby Road roundabout linking Eaglesham Road. Busby Road forms the main shopping thoroughfare in Clarkston with various multiple occupiers in the vicinity including Tesco, PDSA, Shelter, Pizza Hut, Betfred, Boots & Costa Coffee

The property is situated on the west side of Busby Road close to its junction with Busby Road roundabout linking Eaglesham Road. Busby Road is one of the arterial routes within the south side of Glasgow, linking Clarkston with Giffnock, Busby and East Kilbride. Busby Road forms the main shopping thoroughfare in Clarkston with various multiple occupiers in the vicinity including Tesco, PDSA, Shelter, Pizza Hut, Betfred, Boots & Costa Coffee

Full Address: 38, 40-42  Busby Road, Tenanted Investment, Clarkston, Glasgow South, G76 7XJ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Since 1988, Recently Extended
Rent: £39,195 per year / £3,266 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: Held On FRI Lease To Cancer Research Tenant In Situ Since 1988 Lease Extended to July 2029 Headline Rent: £39,195p.a.x

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Pricing Information & Bidding

Opening Bid: £384,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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SPECIAL Terms of Sale

  • 10% Deposit
  • 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.

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Auction Details

Date & Time: 12 December 2024, 10am-3pm
Type: Timed Online Auction

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