NEW DEADLINE for OFFERS - 13th December 2019 at 5pm - Submit Offer Now >>

Lot 9a

95 Morrison Street, Unit 8, Glasgow, G5 8BE

Guide Price: £95,000

Tenanted Freehold Commercial Offer Now Available


GO TO...  Map  Viewings  Auction Details   How To Bid

Key Features:

Glasgow City Centre SHOW-ROOM/Office Premises with access to city centre via walking distance and set in Historic renowned landmark building former engineers office


  • Super LETTING location minutes to M8 Motorway, Pacific Quay & new Clyde Arc Bridge - linking South-Side with West-End. EXCELLENT SIZE; 1000 square feet approx. area with kitchen, toilet & storage facilities. Rental potential £10,000 + per annum approx.
  • Unique heavily discounted commercial property in popular location close to HEART OF THE FINANCIAL BUSINESS DISTRICT of GLASGOW CITY CENTRE. Would provide and excellent long term investment.
  • The property is within a B-listed building of traditional sandstone construction, built in 1893 by architects Bruce and Hay. Unique renowned building with an array of tenants including Conveyancing direct, Glasgow Credit Union
  • Would be a perfect Office or Show-room ideally located for Glasgow City Centre, Sheriff Court & Underground Stations within 5 minutes - West Street, Bridge Street & Shields Road


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Tenanted

- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
Rateable Value

Search Council Records

- Click the above link to search the latest records for this postcode.

Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 5 years
Rent £8,000 per year / £667 per month
Yield 8.4% (at guide price)
Tenant Private Individual
Notes:

Full Details:

The subjects comprise a good sized open plan Office/Show-Room of former Engineering firm. Situated on the ground floor of an attractive refurbished sandstone building minutes to Springfield Quay, Glasgow City Centre Business District & M8 Motorway. Set in seclusion off main courtyard with its own smaller courtyard to front. EXCELLENT SIZE; 1000 square feet approx. net internal area. Super broad frontage onto Dalintober Street. Rental potential £10,000 per annum approx. (Rateable Value £9,700 p/a). ***IDEAL LONG TERM COMMERCIAL INVESTMENT.*** Adjacent an array of tenants/occupiers including architects, government/charitable organisations and private companies. ***WELL MAINTAINED DEVELOPMENT.*** Internally benefits from fresh décor, modern Kitchen & W.C facilities, large open plan area & storage.

Guide Price: £95,000 - Offer Now


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.

Offer 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:


The property is located on the south side of Morrison Street, bordered by Dalintober Street and Carnoustie Street. Junctions 20 and 21 of the M8 motorway allow excellent access to the property. Would provide an ideal investment property and generate an excellent rental return. Priced for fast auction sale.

Viewings:


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.

Auction Details:



  • Auction Date...

    04 February 2020


  • Start Time...

    7.00pm


  • Auction Location...

  • Glasgow Radisson

  • 301 Argyle Street, G2 8DL


View Map & Directions to the GLASGOW RADISSON >>


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...
Proxy & Phone bidders phone... 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...

Proxy & Phone bidders phone... Download the Proxy Bidders Form