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Description

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

3,737 SQUARE FEET RESTAUARANT / CAFE NERO Prime GLASGOW City Centre Location Opposite Glasgow Central Station Entrance *** WAS LET £60,000 PER ANNUM*** Class three Restaurant consent granted

Ground & Basement. 3,737sq ft ***Hot Food Consent Granted*** Large Frontage Rent Potential: £45,000p.a. Next door to SAVERS GREGGS facing Paddy power, William Hill, Poundland, Tim Hortons, McDonald’s

Was sold £600,000 before repossession. Ideal rental or investment property was historically late at £60,000 per annum priced for a fast sale would rent easily to a restaurant Takeaway

The property is located on the east side of Union Street within Glasgow City Centre which is a busy one way thoroughfare linking Argyle Street to Gordon Street/Buchanan Street.

Glasgow is the largest city and commercial centre in Scotland. The estimated shopping population of the city is 842,000 with the wider Glasgow primary catchment area being approximately 1.84 million.

SUBSTANTIAL CITY CENTRE HOT FOOD PREMISES approx. 3,737 SQ.FT. REALISTIC RENTAL POTENTIAL OF £45,000 PER ANNUM*** PRIME INVESTMENT PROPERTY*** Was sold £600,000 before repossession. Ideal rental or investment property was historically late at £60,000 per annum priced for a fast sale would rent easily to a restaurant Takeaway or potential Dentist, retail unit solicitors office, 100% prime location Substantial frontage with access gained via a twin aluminium framed and glazed door leading to a large open plan cafe space with disabled w.c. at ground floor. The basement is accessed via a staircase situated within the mid section of the property on the northern wall providing access to stores, staff room, large training room and plant room along with fire escapes leading to Union Place to the rear. The property could be utilised to create further customer space in the basement as there is extensive seating potential within the former training room. PROMINENT FRONTAGE*** Ground floor and basement commercial premises approx. 347.18sqm (3,737sq ft). EXCELLENT CITY CENTRE LOCATION*** HIGH VOLUMES OF PASSING TRAFFIC*** Situated on the east side of Union Street within Glasgow City Centre which is a busy one way thoroughfare linking Argyle Street to Gordon Street/Buchanan Street. PRIME TRADING LOCATION*** Nearby occupiers include Tesco, Burger King, Greggs, Kuoni Travel, Yorkshire Building Society and Glasgow Central Station sits adjacent. Glasgow is the largest city and commercial centre in Scotland. The estimated shopping population of the city is 842,000 with the wider Glasgow primary catchment area being approximately 1.84 million.

Glasgow is the largest city and commercial centre in Scotland. The estimated shopping population of the city is 842,000 with the wider Glasgow primary catchment area being approximately 1.84 million. The Glasgow-Edinburgh M8 motorway disects the city and provides access to Scotland's motorway network and links the city with Glasgow International Airport, some 7 miles to the West.

Full Address: 106 Union Street, City Centre, Glasgow, G1 3QW

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Pricing Information & Bidding

Opening Bid: £333,000

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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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 = £369,000

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Auction Details

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

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