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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

PRIME CITY CENTRE TENANTED INVESTMENT currently LET to William Hill on FRI LEASE until 28.09.2029 at £89,440 PER ANNUM***IMMEDIATE RENTAL INCOME.

Ground and basement floors extending to approx. 3,214 sq. ft (298.6 sq.m). For the year ended 28th December 2021, William Hill Organization Limited reported a turnover of £332,900,000.

PRIME GLASGOW CITY CENTRE LOCATION*** Located opposite Central station. Nearby occupiers include Sainsburys, Tesco Express, Cafe Nero and Bar burrito.

EXCELLENT RETURN ON INVESTMENT*** Situated on the north side of Gordon Street at its junction with Hope Street.

Glasgow is the largest city in Scotland, being located on the River Clyde, 41 miles west of Edinburgh.

PRIME CITY CENTRE TENANTED INVESTMENT currently LET to William Hill on FRI LEASE until 28.09.2029 at £89,440 PER ANNUM***IMMEDIATE RENTAL INCOME. William Hill is gambling company trading from approximately 2,300 stores nationwide. For the year ended 28th December 2021, William Hill Organization Limited reported a turnover of £332,900,000, a pre-tax profit of £75,200,000, shareholder's funds of £392,700,000 and a net worth of £370,100,000 PRIME GLASGOW CITY CENTRE LOCATION*** Located across from Central station. Nearby occupiers include Sainsburys, Tesco Express, Cafe Nero and Bar burrito. EXCELLENT RETURN ON INVESTMENT*** Situated on the north side of Gordon Street at its junction with Hope Street. Glasgow is the largest city in Scotland, being located on the River Clyde, 41 miles west of Edinburgh.

PRIME GLASGOW CITY CENTRE LOCATION. Well located for Glasgow CITY CENTRE amenities including transport links which are available by bus and rail and there is also a subway link taking the commuter across Glasgow.

Full Address: 84 Gordon Street, William Hill Investment, Glasgow City Centre, G1 3RP

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 28.09.2029
Rent: £89,440 per year / £7,453 per month
Yield: 10% (approx)
Tenant: Company
Notes: 25 years from 28.09.2004 Rent review every 5th year Effectively FR& I

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Pricing Information & Bidding

Opening Bid: £896,000

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £1,750 for on time settlement

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Buy Now Price = £995,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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