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Description

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

Fantastic opportunity to purchase a licenced commercial premises occupying a prime position on Tollcross Road. Unit extends to approx. 1,212 Sq.Ft. Currently tenanted at £18,200 per annum.

Licensed and established long standing retail premises with triple frontage, National Lottery outlet with ATM cash zone machine. Frontage onto Tollcross Rd. Roller shutter access with security system.

Currently LET on a FRI (tenant pays all outlays) Lease agreement at £18,200 per annum to Estanza LTD (Specialist traders supplying the highest quality products at the most competitive prices).

Located on the main thoroughfare through the east end of Glasgow within mixed residential and commercial neighbourhood approximately 4 miles east of Glasgow City Centre. RV/NAV is £13,200 per year.

High visibility UNIT with MAIN ROAD FRONTAGE in Glasgow near Tollcross Park, Emirates Arena (1.4 miles) and The Forge Shopping Centre (1.3 miles). Free parking for customers with high footfall.

Fantastic opportunity to purchase licenced commercial premises located on the ground floor of a three storey traditional building, of brick construction. The upper floors are in use as residential dwellings. The property benefits from three large display windows either side of a single entrance door. ATM machine installed in premises. Net Area internally extends to approx. 1,200 Sq.Ft. (112.60m2). RV/NAV is £13,200 per year. Tenanted Commercial Premises (Liquor Barn Ltd) with ALCOHOL SALE LICENSE consents. Located on main Tollcross Road thoroughfare connecting Hamilton Road and the Gallowgate. PREMISES COMPRISE: Main entrance into open sales service area with display counters and fridge access, secure enclosed counter with L shaped shelving for products, rear staff area and toilet facilities, safe room, storage and fire exit to the rear. Shop is trading seven days per week between 10am and 9pm. Currently LET on a FRI (tenant pays all outlays) Lease agreement at £18,200 per annum to Estanza LTD (distributor of frozen and fresh foods, serving the restaurant, catering and specialist supermarket sectors at the most competitive prices). Opportunity to purchase a freehold (Outright Ownership) for a set up retail premises within established residential locale. Affordable Investment within popular area. Established tenant with a number of commercial units in the area. Open 7 days a week. Prominent site on parade of shops with good frontage, busy trading location as near local Co-op supermarket, next door to pharmacy, facing Post Office and Tollcross International Swimming Centre.

The subject property is located approximately 4 miles east of Glasgow City Centre on London Road. Property benefits from good access to the M74 motorway, Junction 4. Located on the main thoroughfare through the east end of Glasgow surrounded by occupied and trading retailers. No vacant units on parade. High number of independent retailers within the area and nationals including William Hill and Co-Op supermarket. Popular district within mixed residential and commercial neighbourhood. Tollcross Road is a major arterial road to the city centre. Tollcross is a popular and busy area of Glasgow with a thriving mixture of independent retailers, bars, restaurants and is easily under five minutes drive from the city centre and motorway connections at junction 4 of the M74 road network making the location of the business exceptionally attractive to potential purchasers looking for a prime location business operation. The property is situated approximately 1 mile east of Parkhead, Celtic FC's football stadium and the business is extremely popular on match days. Glasgow is the largest city in Scotland and the fourth largest in the United Kingdom, after London, Birmingham and Leeds. As of the 2011 census, the city had a population density of 3,395 people per square kilometre. The city offers many amenities for a wide range of educational studies and cultural activities, from curling to opera, ballet, sporting and musical events.

Full Address: 1041-1043 Tollcross Road, Glasgow, G32 8UQ

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Running to 2036
Rent: £18,200 per year / £1,517 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Currently tenanted at £18,200 per annum. £350 per week.

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Pricing Information & Bidding

Opening Bid: £119,000

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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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

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

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Auction Details

Date & Time: 02 May 2024, 10am-3pm
Type: Timed Online Auction

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