BIDDING OPENS in...

Map & Location

Map   Street View   Satellite

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

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 18 Years
Rent: £25,000 per year / £2,083 per month
Yield: 11% (approx)
Tenant: Company
Notes: Pizza restaurant Let on a lease expiring 2042 (no breaks) RPI linked rent reviews every 3rd year

Document Downloads

  Legal Pack (Pending)

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £231,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

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.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 05 December 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue