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Traditional MIXED USE portfolio of 4 residential flats and a large ground floor restaurant/commercial premises (former Atash Persian Cuisine Restaurant and Cocktail Bar). Freehold Auction Sale
- Flats are numbered as 19 A/B/C/D. Secure door entry. Rental potential for the four flats is £19,200 per annum. FULL RENTAL POTENTIAL FOR FLATS AND COMMERCIAL PREMISES COMBINED CIRCA £49,200 p/annum
- Historically valued in excess of £650,000. VAT FREE INVESTMENT. Dominating corner position at the junction of West High Street and Peel Street in the northern Glasgow suburb of Kirkintilloch
- Kirkintilloch offers excellent schooling at all levels with Kirkintilloch, St Ninians High as well as Lenzie Academy nearby. Merkland Recreation Centre and Kirkintilloch leisure Centre
- West High Street is well positioned immediately beside the outstanding Peel Park conservation area within the heart of Kirkintilloch and provides a wide range of amenities
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Full Details:Traditional MIXED USE portfolio of 4 residential flats and a large ground floor restaurant/commercial premises (Former Atash Atash Persian Cuisine Restaurant and Cocktail Bar). Freehold Auction Sale. The residential flats are numbered as 19 A/B/C/D. Private gardens. Secure door entry. Rental potential for the four flats is £19,200 per annum. FULL RENTAL POTENTIAL FOR FLATS AND COMMERCIAL PREMISES COMBINED CIRCA £62,500 per annum. £30,000 rental potential for the public house. Historically marketed at £650,000. Dominating corner position at the junction of West High Street and Peel Street in the northern Glasgow suburb of Kirkintilloch
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 at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Bid Now Explained...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.
Map & Location:
West High Street is well positioned immediately beside the outstanding Peel Park conservation area within the heart of Kirkintilloch and provides a wide range of amenities including supermarkets, high street shops, library, museum, marina and a range of popular bars and restaurants. In addition to this, there are two public car parks directly opposite and excellent road links close by giving easy access to Glasgow City Centre and the Central Belt motorway network. Nearby Lenzie offers further amenities including a mainline Edinburgh-Glasgow railway station. Directions: On Townhead, proceed North onto Cowgate. Continue to the end of Cowgate and bear left opposite the library onto West High Street. The property is located immediately on the left hand side
Internal Open Viewings...
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime...
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
17 June 2019
Glasgow Radisson Hotel
301 Argyle Street, G2 8DL
Registration...You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.
Legal Packs...All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.
Deposits...If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:
Deposit Method...Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.
How To Bid:
Offer Now...You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person...Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live...If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Download the Telephone Bidders Form
Bid by Proxy... (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...