Tenanted Commercial LOT 231

447 Victoria Road, Glasgow, G42 8RW
BIDDING OPENS in...
Map   Street View   Satellite

Description

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

Prime Let Commercial Unit in Centre Of Busy Area - Highly Desirable Location - Queens Park in Glasgow's South Side - Held on F.R.I Lease - Expiry: May 2028 - Passing Rent: £15,000p.a.

The property is situated on the east side of Victoria Road, south of its junction with Allison Street in Glasgow's south side.

The property is held on a full repairing and insuring head lease on the following terms; Tenant: Human Relief Foundation Passing Rent: £15,000p.a.x Expiry: 24th May 2028. Tenant Break: 25th May

The property forms a mid terraced ground floor retail property set within a larger 4 storey mixed use sandstone tenemental development surmounted by a pitched roof.

The locale of QueensPark is a vibrant and upcoming neighbourhood with a host new bars, restaurant and cafes with demand for residence and indeed commercial occupation rapidly increasing.

The property forms a mid terraced ground floor retail property set within a larger 4 storey mixed use sandstone tenemental development surmounted by a pitched roof. The property benefits from aluminium shutters securing the frontage. Internally the property is fitted out in accordance with the tenants requirements with suspended acoustic tile ceiling, carpeted and laminated timber flooring within the open plan sales area to the front and partitioned w.c and tea prep to the rear. The property is held on a full repairing and insuring head lease on the following terms; Tenant: Human Relief Foundation Passing Rent: £15,000p.a.x Expiry: 24th May 2028. Tenant Break: 25th May 2026 The property has been calculated to extend to the following internal area: 65sqm (700sq ft) NAV/RV - £9,900 The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)

The property is situated on the east side of Victoria Road, south of its junction with Allison Street in Glasgows south side. The locale of QueensPark is a vibrant and upcoming neighbourhood with a host new bars, restaurant and cafes with demand for residence and indeed commercial occupation rapidly increasing. The property is well located with ample public transport and on street parking available in abundance. Neighbouring occupiers include Boots, Tesco, Bank of Scotland, SLB Coffee, Loop & Scoop and St Brides Primary School.

Full Address: 447 Victoria Road, Glasgow, G42 8RW

Show More

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2028
Rent: £15,000 per year / £1,250 per month
Yield: 11% (approx)
Tenant: Company
Notes: Tenant: Human Relief Foundation Passing Rent: £15,000p.a.x Expiry: 24th May 2028. Tenant Break: 25th May 2026

Document Downloads

Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £138,000

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 £1,750 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

Buy Now Price = £162,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £162,000 - CLICK HERE

Auction Details

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

View Full Auction Catalogue

Similar Properties


Lot 239
£64,000 OPENING BID
  • Double fronted Freehold commercial premises located within the centre of Greenock facing ...
Lot 391
£50,000 OPENING BID
  • TENANTED SINGLE FRONTED Retail Premises on main West End to Clydebank Arterial Route. Cu...