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Description

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

TENANTED INVESTMENT OPPORTUNITY*** located fronting the popular Crown Street. IMMEDIATE INCOME PRODUCING ***let on a FRI lease currently producing £17,500 per annum with 5 years unexpired.

Tenants: Boots UK Ltd Passing Rent: £17,500pa Lease extended from 1st August 2024 till 31st July 2029 Tenant Break: 1st August 2027 Sure to appeal to Investors looking for an attractive investment

The property forms a mid terraced ground floor retail property set within a larger 4 storey mixed use modern development surmounted by a pitched roof. The property extends to 113.8sqm (1,225sq ft)

SUPER LOCATION*** Crown Street has a mix of modern apartment buildings, green spaces, and local and national businesses Neighbouring occupiers include U-Save, I-2-I Opticians, Moss Pharmacy and Co-Op

Crown Street is a historic street in the Gorbals area of Glasgow, known for its significant transformation over recent decades. It lies just south of the River Clyde, close to the city centre.

TENANTED INVESTMENT OPPORTUNITY*** located fronting the popular Crown Street. IMMEDIATE INCOME PRODUCING ***let on a FRI lease currently producing £17,500 per annum with 5 years unexpired. Tenants: Boots UK Ltd Passing Rent: £17,500pa Lease extended from 1st August 2024 till 31st July 2029 Tenant Break: 1st August 2027 The property forms a mid terraced ground floor retail property set within a larger 4 storey mixed use modern development surmounted by a pitched roof. The property extends to 113.8sqm (1,225sq ft) Sure to appeal to Investors looking for an attractive investment. SUPER LOCATION*** Crown Street has a mix of modern apartment buildings, green spaces, and local and national businesses Neighbouring occupiers include U-Save, I-2-I Opticians, Moss Pharmacy and Co-Op. Crown Street is a historic street in the Gorbals area of Glasgow, known for its significant transformation over recent decades. It lies just south of the River Clyde, close to the city centre.

The property is situated on the east side of Crown Street between its junctions with Errol Street and Old Rutherglen Road in the New Gorbals area of Glasgow. The locale has seen extensive residential development in recent years with a small number of commercial availability to compliment the residential dwellings. Neighbouring occupiers include U-Save, I-2-I Opticians, Moss Pharmacy and Co-Op Crown Street’s location near the city centre makes it easily accessible. Bridge Street Subway Station is within walking distance, providing quick access to central Glasgow and other neighborhoods. Several bus routes also serve the area, and Glasgow Central Station is only a short trip away, making Crown Street well-connected for commuting and exploring the wider region. For those who prefer cycling, Crown Street has benefited from improved bike infrastructure, and the nearby River Clyde Walkway offers scenic cycling routes.

Full Address: Boots 155 Crown Street, Glasgow, G5 9XT

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 Years
Rent: £17,500 per year / £1,458 per month
Yield: 9% (approx)
Tenant: Company
Notes: Tenants: Boots UK Ltd Passing Rent: £17,500pa Lease extended from 1st August 2024 till 31st July 2029 Tenant Break: 1st August 2027

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Pricing Information & Bidding

Opening Bid: £187,000

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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