Tenanted Commercial LOT 113

11 Park Circus, Glasgow, G3 6AX
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11  Park Circus  Glasgow

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Description

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

RARE PURCHASE OPPORTUNITY*** RESIDENTIAL DEVELOPMENT***Part income producing Townhouse over 3 floors 3,310sq ft with potential for upper floor extension. VAT FREE PURCHASE

The property comprises the Ground, 1st & 2nd floors of a 4 storey townhouse. Ground: 106.92sqm (1,151sq ft) 1st: 102.43sqm (1,103sq ft) 2nd: 98.15sqm (1,056sq ft) Total: 307.5sqm (3,310sq ft)

The property comprises the ground, 1st & 2nd floors of a 4 storey traditional sandstone townhouse. The 2nd floor is held on an F.R.I lease to Equilibria Partnership until 2026 at £20,000 per annum

RARE CHANCE to purchase one of the few remaining full townhouses in the area and this wonderful, early Victorian building perpetuates the beautifully balanced proportions of the late Georgian terraces

Park Circus, a sought-after residential area known for its tranquility and exclusivity. Positioned on a hill, offering panoramic views of the city and surrounding areas.

RARE PURCHASE OPPORTUNITY*** RESIDENTIAL DEVELOPMENT***Part income producing Townhouse over 3 floors 3,310sq ft with potential for upper floor extension. VAT FREE PURCHASE The property comprises the Ground, 1st & 2nd floors of a 4 storey townhouse. Ground: 106.92sqm (1,151sq ft) 1st: 102.43sqm (1,103sq ft) 2nd: 98.15sqm (1,056sq ft) Total: 307.5sqm (3,310sq ft) The property comprises the ground, 1st & 2nd floors of a 4 storey traditional sandstone townhouse. The 2nd floor is held on an F.R.I lease to Equilibria Partnership until 2026 at £20,000 per annum. RARE CHANCE to purchase one of the few remaining full townhouses in the area and this wonderful, early Victorian building perpetuates the beautifully balanced proportions of the late Georgian terraces. Park Circus, a sought-after residential area known for its tranquility and exclusivity. Positioned on a hill, offering panoramic views of the city and surrounding areas.

The property is situated on the north side of Park Circus facing onto Park Circus common gardens. Park Circus is situated in the West End of Glasgow, close to the city centre. It is positioned on a hill, offering panoramic views of the city and surrounding areas. Park Circus is adjacent to Kelvingrove Park, one of Glasgow's most popular green spaces, featuring walking paths, sports facilities, and the Kelvingrove Art Gallery and Museum. Park Circus remains a sought-after residential area known for its tranquility and exclusivity. The properties here often feature spacious interiors and well-maintained gardens, attracting affluent residents and families.

Full Address: 11 Park Circus, Glasgow, G3 6AX

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2026
Rent: £20,000 per year / £1,667 per month
Yield: 3% (approx)
Tenant: Private Individual
Notes: The 2nd floor is held on an F.R.I lease to Equilibria Partnership until 2026 at £20,000 per annum

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Pricing Information & Bidding

Guide Price: £878,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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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: 24 October 2024, 3pm
Type: Deadline for Offers

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