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Description

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

***INCOME PRODUCING COMMERCIAL INVESTMENT*** 583 sq ft Ground Floor. Tenanted commercial premises located fronting Cummings Drive. FRI lease at £6,600 pa.

SUPER TRADING POSITION *** with highly visible frontage. Ground floor end-terraced mixed use property with public parking in the streets surrounding the property.

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £6,600 per annum on a r FRI lease.

Long standing tenant Passing Rent: £6,600p.a. originally on a 10 year lease until 4 September 2021, now rolling over annually. Super High Street trading position

Cummings Drive, has a strong sense of community. It’s a quiet, close-knit area where many families have lived for years, creating a friendly and welcoming atmosphere.

***INCOME PRODUCING COMMERCIAL INVESTMENT*** 583 sq ft Ground Floor. Tenanted commercial premises located fronting Cummings Drive. FRI lease at £6,600 pa. SUPER TRADING POSITION *** with highly visible frontage. Ground floor end-terraced mixed use property with public parking in the streets surrounding the property. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £6,600 per annum on a r FRI lease. Long standing tenant Passing Rent: £6,600p.a. originally on a 10 year lease until 4 September 2021, now rolling over annually. Super High Street trading position Cummings Drive, has a strong sense of community. It’s a quiet, close-knit area where many families have lived for years, creating a friendly and welcoming atmosphere.

Cummings Drive is situated in Mount Vernon, which lies in the east end of Glasgow. The area offers a suburban feel, making it popular with families and those looking for a quieter living environment compared to the city center. Mount Vernon is well-connected to other areas of Glasgow, with easy access to nearby neighborhoods like Shettleston, Baillieston, and Tollcross close to the border with North Lanarkshire, offering easy access to towns like Uddingston. Mount Vernon Train Station is nearby, providing regular train services to Glasgow city center, with the journey taking around 15-20 minutes. This makes it a convenient area for commuters who work in the city but prefer suburban living. The area is well-served by bus routes, connecting Mount Vernon to other parts of the city and surrounding areas. For drivers, Cummings Drive is close to the M74 motorway, offering quick access to Glasgow city center, the M8 motorway, and other destinations throughout Scotland.

Full Address: 9 Cummings Drive, Let Investment, Mount Florida, Southside Glasgow, G42 9AE

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Rolling
Rent: £6,600 per year / £550 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: Long standing tenant Passing Rent: £6,600p.a. originally on a 10 year lease until 4 September 2021, now rolling over annually.

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Pricing Information & Bidding

Opening Bid: £71,000

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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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 = 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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Buy Now Price = £110,000

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Auction Details

Date & Time: 05 December 2024, 10am-3pm
Type: Timed Online Auction

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