BIDDING OPENS in...

Description

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

3,920 Sq Ft Established Public House sold tenanted with FRI Lease at £30,000 pa until at least Sept 2028. VAT Free Investment. Comprising ground and basement levels of a prominent single storey unit.

Tenant is Shettleston 2021 Ltd. Term of lease from 6th Sept 2021 until 6th Sept 2028. Full repairing and insuring lease with £30k pa being paid (£600 per week)

Prime trading position on Shettleston Road. Nearby occupiers include Shettleston and Tollcross Credit Union, Subway, Well Pharmacy, Ladbrokes and Dunlops Auto Shop.

Net Internal Area: Ground Floor = £2,013 sq ft - Basement Floor = 1,906 sq ft. Total combined £3,920 sq ft (364 sq m)

Area well serviced by public transport links with Shettleston Railway Station located a short walk as well as many bus services operating regularly.

Internally comprising a large open plan traditional public bar with a large island bar/servery in the centre of the room. Seating is positioned around the walls with fixed banquet seating booths and loose tables and chairs. There are also 4 separate snug areas. Ancillary areas include male and female toilets, kitchen and a large basement cellar with ancillary storage areas. VAT FREE PROPERTY. Not elected for vat.

The pub lies on the north side of Shettleston Road between its junction with McNair Street and Fenella Street within the bustling Shettleston area of Glasgows East End. Approximately 4 miles east of the City Centre. This is a densely populated residential and commercial area. Nearby occupiers include Shettleston and Tollcross Credit Union, Subway, Well Pharmacy, Ladbrokes and Dunlops Auto Shop.

Full Address: 1169 Shettleston Rd, The Portland Arms, Glasgow, G32 7PE

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2028
Rent: £30,000 per year / £2,500 per month
Yield: 15% (approx)
Tenant: Company
Notes: Tenant is Shettleston 2021 Ltd. Term of lease from 6th Sept 2021 until 6th Sept 2028. Full repairing and insuring lease with £30k pa being paid (£600 per week)

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £197,000

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.

View Live Online Auction

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.

Submit Offer Now

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 £2,750 for on time settlement

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

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Auction Details

Date & Time: 17 April 2025, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue