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Description

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

PORTFOLIO OF 2 INVESTMENT PROPERTIES on busy thoroughfare. Held on FRI Lease with passing rent of £8,000pa. Total internal area of 1,275 sq ft.

2 Individual mid terraced commercial units renovated to a good standard by the tenant.

Full repairing and insuring head lease with deposit in place.

Internally comprising individual partitioned training and meeting rooms with office space and wc facilities across ground and 1st floor.

Total: 119.44sqm (1,285sq ft)

Property The property forms 2 individual mid terraced commercial units within a larger 2 storey traditional mixed development surmounted by a pitched roof. Internally the property offers individual partitioned training and meeting rooms, with office space and w.c facilities across ground and first floor. The property is renovated to a good standard by the tenant. Lease Summary The property is held on a full repairing and insuring head lease on the following terms; Tenant: Michael Tracey Project Expiry: 31st March 2026 Passing Rent: £8,000p.a Deposit: £2,000 held Further Info: Michael Tracey Project is a community interest charity aiding families and young adults with additional support needs. www.michaeltraceyproject.co.uk Area The property extends to the following area Total: 119.44sqm (1,285sq ft) Sale The property is available on a freehold basis. We understand the property is not elected for V.A.T

INVESTMENT FOR SALE 1061 & 1063 Tollcross Road, Glasgow, G32 8UQ • 2 Investment Properties • Situated On Busy Thoroughfare • Held On F.R.I Lease • Expiry: 31st March 2026 • Passing Rent: £8,000p.a • 1,275sq ft • Sale: Price on Request Location The property is situated on the north side of Tollcross Road close to its junction with Ardfern Street within the east end of Glasgow. The area has benefitted from regeneration as a result of Glasgow hosting the Commonwealth Games in 2014. Most notably the local area has benefited from the creation of the Tollcross International Swimming Centre, which is within walking distance from the site, as well as the construction of the Sir Chris Hoy Velodrome which is within two miles of the development site. The area also benefits from excellent transport links with close access to J2A of the M74 which in turn links with the M73, M77, M8 and M80 thus providing excellent access across Scotland.

Full Address: 1061-1063 Tollcross Road, PORTFOLIO SALE, Glasgow, G32 8UQ

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Pricing Information & Bidding

Opening Bid: £68,000

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: 09 January 2025, 10am-3pm
Type: Timed Online Auction

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