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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

1,973sq ft ready let Bet Fred Investment. Comprising Ground & 1st Floor. Let To Betfred Well Established Bookmaker Expiry March 2033 Passing Rent: £22,500p.a. VAT FREE INVESTMENT.

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.

The property comprises a grond and first floor retail unit forming part of a larger three storey building which is in multiple occupation.

Floor Area - Ground 1,099 sq ft, First 874 sq ft, TOTAL = 1,973 sq ft.

Tenant: Done Brothers (Cash Betting) Ltd t/a Betfred.

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. Cambuslang train station is a short walk away and a comprehensive road network including connections to the M74, M73, M77 and M8 offer excellent commuting access all over Scotland and throughout the central belt. Cambuslang offers a range of local shopping facilities with further amenities available at Rutherglen and East Kilbride. Public transport links and local schools are situated nearby. Recreational facilities within the area include several public parks, bowling and tennis clubs and a choice of golf courses.

Full Address: 142 Main Street, Betfred Investment, Cambuslang, Glasgow, G72 7EL

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 30th March 2033
Rent: £22,500 per year / £1,875 per month
Yield: 15% (approx)
Tenant: Private Individual
Notes: Tenant: Done Brothers (Cash Betting) Ltd t/a Betfred. Review and Breat - 31st March 2028

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Pricing Information & Bidding

Opening Bid: £155,000

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 £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

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

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