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Description

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

***INCOME PRODUCING COMMERCIAL INVESTMENT*** 505 sq ft Ground Floor. Tenanted commercial premises located fronting Busby road. FRI lease at £7,500 pa. Tenant In Situ Situ since 2023.

SUPER TRADING POSITION *** with highly visible frontage. Ground floor end-terraced mixed use property with public parking in the streets surrounding the property.

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £7,500 per annum on a 5 year FRI lease with 4 years unexpired.

Tenant: Rumours Aesthetics Ltd Passing Rent: £7,500p.a. Tenant in situ since September 2023 Super High Street trading position

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*** 505 sq ft Ground Floor. Tenanted commercial premises located fronting BUsby road. FRI lease at £7,500 pa. Tenant In Situ Situ since 2023. SUPER TRADING POSITION *** with highly visible frontage. Ground floor end-terraced mixed use property with public parking in the streets surrounding the property. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £7,500 per annum on a 5 year FRI lease with 4 years unexpired. Tenant: Rumours Passing Rent: £7,500p.a. Tenant in situ since September 2023 Super High Street trading position. 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

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. Clarkston is a suburban town located in East Renfrewshire, to the south of Glasgow, Scotland. It is a popular residential area known for its good schools, green spaces, and close-knit community. Clarkston is situated approximately 6 miles (10 km) south of Glasgow city center, making it a sought-after location for people who want to live in a quieter area while being close to the city. It is bordered by other suburbs such as Giffnock, Netherlee, Busby, and Eaglesham. Clarkston railway station provides regular train services to Glasgow Central Station, with travel times of about 15-20 minutes, making it a convenient commuter suburb. Local bus services also connect Clarkston to Glasgow and other nearby areas. For drivers, Clarkston is well-connected to the M77 motorway, offering quick road access to Glasgow and the surrounding regions.

Full Address: 125 Busby Road, Clarkston, Southside Glasgow, G76 8BD

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 4 years
Rent: £7,500 per year / £625 per month
Yield: 9% (approx)
Tenant: Company
Notes: Let to Rumours Aesthetics 04/09/2023 to 03/09/2028

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Pricing Information & Bidding

Opening Bid: £87,000

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

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Auction Details

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

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