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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £3250 +vat)

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.

Description

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

PRIME INVESTMENT OPPORTUNITY***LET to Ladbrokes on FRI LEASE at £18,000 PER ANNUM until 2031. Long term tenant in situ since 2002.

****IMMEDIATE INCOME PRODUCING LONG TERM INVESTMENT*** Super size and location. Modern investment with great parking with PROMINENT FRONTAGE onto BUSY street.

PERFECT INVESTMENT PROPERTY*** MODERN UNIT LET TO LADBROKES SINCE APRIL 2002 - 20 years . Lease extended from 14th December 2021 to 27th May 2031

LARGE CARPARK to the rear. SUPER TRADING LOCATION. Nearby occupiers include RS McColls, Paddy Power and Greggs.

**EXCELLENT LOCATION** Cambuslang benefits from excellent transport links with the newly upgraded M74 providing access to Glasgow city centre in 20 minutes and Edinburgh via M8 in 45 mins

PRIME INVESTMENT OPPORTUNITY***LET to Ladbrokes on FRI LEASE at £18,000 PER ANNUM until 2031. Long term tenant in situ since 2002. £18,000 per annum subject to further rent reviews on 28th May 2021 and 2026. RENTAL potential of up to £23,000 PER ANNUM. Rent is payable quarterly on 28th February, May, August and November in each year. ****IMMEDIATE INCOME PRODUCING LONG TERM INVESTMENT*** Super size and location. Modern investment with great parking with PROMINENT FRONTAGE onto BUSY street. LARGE CARPARK to the rear. SUPER TRADING LOCATION. Nearby occupiers include RS McColls, Paddy Power and Greggs. **EXCELLENT LOCATION** Cambuslang benefits from excellent transport links with the newly upgraded M74 providing access to Glasgow city centre in 20 minutes and Edinburgh via M8 in 45 mins

Cambuslang is approximately 5 miles south east of Glasgow City Centre. It has a resident population of over 22,000 and an estimated catchment of 300,000 within a fifteen-minute drive time.

Full Address: 275 Hamilton Road, LADBROKES INVESTMENT, Halfway, Cambuslang, G72 7PH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 27th May 2031
Rent: £18,000 per year / £1,500 per month
Yield: 12% (approx)
Tenant: Company
Notes:

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Pricing Information & Bidding

Opening Bid: £149,000

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 = 2% 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.

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Auction Details

Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction

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