Timed Online Auction

23 April 2021, 10am-4pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 328 Pollokshaws Road, William Hill Investment, Pollokshields, Glasgow, G41 1QS

PRIME 1,335 SQ FT READY LET WILLIAM HILL INVESTMENT in Glasgow's Southside. Double fronted ground floor retail unit let to William Hill Bookmakers on full FRI lease until November 2029 (recently extended) with immediate rental income of £14,500 per annum. **NO VAT PAYABLE**

***VAT FREE INVESTMENT** GRADE A Tenant. Immediate rental income of £14,500 per annum. THIS IS LOW RENT WITH REALISTIC RENTAL POTENTIAL OF £30,000 per annum. Next rent review in 2024. Break option not exercised by tenant in 2020.

IDEAL LOCATION AND SIZE FOR BOOKMAKERS (1335sq ft) in HIGHLY PROMINENT POSITION on EXTREMELY BUSY MAIN ROAD offering access to and from the city centre. Fitted out to high corporate specification.

SUPER LOCATION in Glasgow's densely populated Southside directly opposite a new development with neighbouring occupiers including McDonalds, KFC, Lidl and JDs Gym. Close to Shawlands, Pollokshields, Queens Park and 2 miles from City Centre.

Let to William Hill Organization Limited TOTAL ASSETS OF £1.1 BILLION. VAT FREE INVESTMENT. William Hill Organization Limited operates as subsidiary of William Hill plc. Super Grade A covenant. 100% SECURE INCOME.

PRIME, VAT FREE Glasgow Southside investment. Ground floor unit let to William Hill Bookmakers on full FRI lease until November 2029 (recently extended) with immediate rental income of £14,500 per annum. **NO VAT PAYABLE** ***VAT FREE INVESTMENT** GRADE A Tenant. Immediate rental income of £14,500 per annum. THIS IS LOW RENT WITH REALISTIC RENTAL POTENTIAL OF £30,000 per annum. Next rent review in 2024. Break option not exercised by tenant in 2020. IDEAL LOCATION AND SIZE FOR BOOKMAKERS (1335sq ft) in HIGHLY PROMINENT POSITION on EXTREMELY BUSY MAIN ROAD offering access to and from the city centre. Fitted out to high corporate specification. SUPER LOCATION in Glasgow's densely populated Southside directly opposite a new development with neighbouring occupiers including McDonalds, KFC, Lidl and JDs Gym. Close to Shawlands, Pollokshields, Govanhill, and 2 miles from City Centre. Let to William Hill Organization Limited TOTAL ASSETS OF £1.1 BILLION. VAT FREE INVESTMENT. William Hill Organization Limited operates as subsidiary of William Hill plc. Super Grade A covenant. 100% SECURE INCOME.

The property is situated on the west side of Pollokshaws Road, south of its junction with Maxwell Road within Glasgow’s south side. Neighbouring catchments include the areas of Crossmyloof, Langside and Pollokshaws with Shawlands itself overlapping the Glasgow City. The area is often regarded as a ‘hub’ for the South Side region due to its wealth of shops and amenities with excellent public transport hubs and extensive residential developments.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Nov 2029
Rent: £14,500 per year / £1,208 per month
Yield: 7% (approx)
Tenant: Company
Notes: Let to William Hill Bookmakers PLC until Nov 2029. Rent review 2024.

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Location

Pricing Information & Bidding

Opening Bid: £190,000

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 23 April 2021, 10am-4pm
Type: Timed Online Auction

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