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Description

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

100% PRIME rare CORNER COMMERCIAL INVESTMENT in PRIME LENZIE Let at £30,000 per annum to CODA ESTATES LIMITED lease from 1 March 2021 until 28th February 2031 ***VAT FREE PROPERTY***

Comprises a corner terrace, ground floor and basement commercial unit with super high visibility frontage. Excellent condition and prime parade. Excellent investment let at £30,000 per annum.

Rarely available LENZIE commercial unit. FRI LEASE. Tenant pays rates / insurance etc. Tenant been in occupation many years all rent up to date, paid monthly in advance.

100% PRIME LENZIE location situated next to Boots, Pacitti Jones, Frame & Watson, and Lenzie train station on the west side of Kirkintilloch Road within the affluent suburb of Lenzie.

Lenzie is an affluent suburb, situated 8 miles north-east of Glasgow City Centre, with excellent transport links via rail and road via the M80 motorway.

100% PRIME rare CORNER COMMERCIAL INVESTMENT in PRIME LENZIE Let at £30,000 per annum to CODA ESTATES LIMITED lease from 1 March 2021 until 28th February 2031 ***VAT FREE PROPERTY*** Comprises a corner terrace, ground floor and basement commercial unit with super high visibility frontage. Excellent condition and prime parade. Excellent investment let at £30,000 per annum presents a rare opportunity to acquire a prime positioned commercial space within Lenzie town centre income producing from day 1. 100% PRIME LENZIE location situated next to Boots, Pacitti Jones, Frame & Watson, and Lenzie train station on the west side of Kirkintilloch Road within the affluent suburb of Lenzie. 100% PRIME LENZIE location situated next to Boots, Pacitti Jones, Frame & Watson, and Lenzie train station on the west side of Kirkintilloch Road within the affluent suburb of Lenzie.

Lenzie is an affluent suburb, situated 8 miles north-east of Glasgow City Centre, with excellent transport links via rail and road via the M80 motorway.

Full Address: 88-90 Kirkintilloch Road, Lenzie, G66 4LF

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 28th February 2031
Rent: £30,000 per year / £2,500 per month
Yield: 12% (approx)
Tenant: Company
Notes: Let at £30,000 per annum to CODA ESTATES LIMITED lease from 1 March 2021 until 28th February 2031 ***VAT FREE PROPERTY***

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Pricing Information & Bidding

Opening Bid: £243,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

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Offer Now... 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.

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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

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £285,000

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Auction Details

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

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