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Lot 192

63 Bath Street, Glasgow City Centre, G2 2SZ

Guide Price: £200,000

Tenanted Freehold Commercial Offer Now Available


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Key Features:

*READY LET CITY CENTRE COMMERCIAL INVESTMENT PROPERTY* Immediate rental return of £21,000 per annum in 100% prime Glasgow city centre location. Lease Period runs from March 2019 - 2024.


  • HIGH YIELDING CITY CENTRE INVESTMENT PROEPRTY. Attractive and prominent glass fronted commercial building located in the heart of Glasgow's commercial and retail district.
  • Extremely spacious property is currently being used as a talent academy and comprises main hall with stage and viewing area, managers office, kitchen/staff room, meeting room, changing room, W.Cs, cloak room and waiting room.
  • Finished and maintained to a very high standard by the current tenant who has indicated a desire to extend the lease due to the success of the business trading at the location. Rateable value £36,900
  • Excellent location within 5 minutes of Glasgow's 2 main train stations; Central Station and Queen Street Station and within 2 minutes of Buchanan Street- the premier shopping and entertainment locations within the city.


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

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Tenancy Details:


Type of Agreement Full Repairing & Insuring (FRI)
Length 5 year
Rent £21,000 per year / £1,750 per month
Yield 10.5% (at guide price)
Tenant Private Individual
Notes: Lease Period runs from March 2019 - 2024.

Full Details:

*READY LET CITY CENTRE COMMERCIAL INVESTMENT PROPERTY* Immediate rental return of £21,000 per annum in 100% prime Glasgow city centre location. HIGH YIELDING CITY CENTRE INVESTMENT PROEPRTY. Attractive and prominent glass fronted commercial building located in the heart of Glasgow's commercial and retail district. Extremely spacious property is currently being used as a talent academy and comprises main hall with stage and viewing area, managers office, kitchen/staff room, meeting room, changing room, W.Cs, cloak room and waiting room. Finished and maintained to a very high standard by the current tenant who has indicated a desire to extend the lease due to the success of the business trading at the location. Excellent location within 5 minutes of Glasgow's 2 main train stations; Central Station and Queen Street Station and within 2 minutes of Buchanan Street- the premier shopping and entertainment locations within the city.

Guide Price: £200,000 - 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:


Excellent location within 5 minutes of Glasgow's 2 main train stations; Central Station and Queen Street Station and within 2 minutes of Buchanan Street- the premier shopping and entertainment locations within the city.

Viewings:


IMPORTANT NOTICE...


Due to Government advice on COVID-19 no viewings are currently possible. We advise all interested parties to follow social distancing rules for safety.

Auction Details:



  • Auction Date...

    28 April 2020, 9am-5pm


  • Auction Location...

  • Glasgow Online

  • Online Bidding Only