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Special Terms of Sale

  • Deposit (?) 5% of Sale Price

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Description

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

PRIME WEST END INCOME PRODUCING RESTAURANT INVESTMENT**** Double ground floor commercial unit spanning 139.53sqm (1,500sq ft) .Tenant in place on a FRI 10 Year long lease producing £35,800 p.a

SUPER TRADING POSITION ***Large ground floor double unit with prominent frontage onto BUSY street. Prime West End Location near Kelvingrove at the south end of Byres Road.

PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £35,800 per annum on a 10 year FRI lease.

Internally the property is presented in an open plan layout with partitions erected to form bot male and female WC facilities with kitchen and stores situated to the rear of the demise.

Neighbouring occupiers include Santa Lucia, GDK, BiBimBap, The Three Judges along with several student accommodation residencies and a short walk from Glasgow University Campus.

INCOME PRODUCING COMMERCIAL INVESTMENT**** Dual ground floor commercial unit in prime location 139.53sqm (1,500sq ft) Tenant in place on a FRI long lease producing £35,800 p.a SUPER TRADING POSITION ***Large ground floor double unit with prominent frontage onto BUSY street. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £35,800 per annum on a 10 year FRI lease. Internally the property is presented in an open plan layout with partitions erected to form bot male and female WC facilities with kitchen and stores situated to the rear of the demise. Neighbouring occupiers include Santa Lucia, GDK, BiBimBap, The Three Judges along with several student accommodation residencies and a short walk from Glasgow University Campus.

The property is situated on the west side of Byres Road, close to its junction with Dumbarton Road on a busy thoroughfare within the drastically changing landscape of Glasgow’s west end. Byres Road is one of the most famous and vibrant streets in Glasgow's West End. Known for its eclectic mix of shops, restaurants, bars, and cultural venues, Byres Road is a key destination for both locals and visitors. Byres Road has evolved over the years from a simple route through farmland to one of Glasgow’s most dynamic streets. The area around Byres Road began to develop in the 19th century, coinciding with the expansion of the University of Glasgow and the rise of the West End as a desirable residential area. Byres Road offers a diverse range of shopping options, from independent boutiques to well-known retail chains. It's particularly known for its quirky, independent stores, offering everything from vintage clothing to unique gifts. The street is also a culinary hotspot, featuring a wide variety of restaurants and cafes. You can find everything from traditional Scottish fare to international cuisine, with many establishments offering outdoor seating in the warmer months. The street is lined with numerous bars and pubs, making it a popular spot for nightlife. Some of the bars on Byres Road have been around for decades and are considered Glasgow institutions, while others are more modern and trendy, catering to a younger crowd

Full Address: 5-9 Byres Rd, Let Restaurant Investment, Kelvingrove, Glasgow West End, G11 5RD

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £35,800 per year / £2,983 per month
Yield: 7% (approx)
Tenant: Company
Notes: Full Repairing & Insuring Let On Personal Name T/A GooDuck Restaurant Expiry 30th April 2034 Passing Rent: £34,125p.a. Total Annual Income £35,800p.a

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Pricing Information & Bidding

Opening Bid: £518,000

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

  • 5% 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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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: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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