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Description

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

TENANTED INVESTMENT OPPORTUNITY*** located fronting the popular Sauchiehall Street. IMMEDIATE INCOME PRODUCING ***let on a FRI lease currently producing £25,000 per annum with 18 years remaining.

Sure to appeal to Investors looking for an attractive investment in sought after area. Pizza restaurant Let on a lease expiring 2042 (no breaks) RPI linked rent reviews every 3rd year

SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

Neighbouring occupiers include Trailfinders, Nandos, Taco Bell, The Glasgow School of Art, St. Aloysius College, Dakota Hotel and The Glasgow Dental Hospital.

SUPER LOCATION Sauchiehall Street is one of Glasgow’s most famous streets, known for its vibrant mix of shopping, dining, cultural landmarks, and entertainment options.

TENANTED INVESTMENT OPPORTUNITY*** located fronting the popular Sauchiehall Street. IMMEDIATE INCOME PRODUCING ***let on a FRI lease currently producing £25,000 per annum with 18 years remaining. Sure to appeal to Investors looking for an attractive investment in sought after area. Pizza restaurant Let on a lease expiring 2042 (no breaks) RPI linked rent reviews every 3rd year. SUPER TRADING POSITION ***with highly visible frontage. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** Neighbouring occupiers include Trailfinders, Nandos, Taco Bell, The Glasgow School of Art, St. Aloysius College, Dakota Hotel and The Glasgow Dental Hospital. SUPER LOCATION Sauchiehall Street is one of Glasgow’s most famous streets, known for its vibrant mix of shopping, dining, cultural landmarks, and entertainment options.

The property is located on the south side of Sauchiehall Street between it’s junctions with Holland Street and Pitt Street just outside the main pedestrianised thoroughfare. Sauchiehall Street is one of Glasgow’s most famous streets, known for its vibrant mix of shopping, dining, cultural landmarks, and entertainment options. Located in the city center, it stretches from the Glasgow School of Art area in the west through to Buchanan Street in the east, a major hub of Glasgow’s retail scene. This section of Sauchiehall Street has recently been transformed as part of Glasgow City Council’s £115 million ‘Avenues Program’ which includes streetscaping improvements to the public realm. Sauchiehall Street is easy to reach by public transport, with Buchanan Street Subway Station nearby and several bus routes running along the street. Parking options are available in nearby multi-story car parks, though public transport is often more convenient due to the street's central location and high foot traffic. The improved pedestrian and bike infrastructure make it more accessible for those walking or cycling in the area, aligning with Glasgow's goals for a greener and more connected city.

Full Address: 309a Sauchiehall Street, Glasgow, G2 3HW

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 18 Years
Rent: £25,000 per year / £2,083 per month
Yield: 9% (approx)
Tenant: Company
Notes: Pizza restaurant Let on a lease expiring 2042 (no breaks) RPI linked rent reviews every 3rd year

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Pricing Information & Bidding

Opening Bid: £290,000

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: 07 November 2024, 10am-3pm
Type: Timed Online Auction

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