Vacant Commercial LOT 309

274 Saracen Street, Glasgow, G22 5LF
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Description

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

***Tenanted commercial opportunity in North Glasgow*** Currently rented at £650 pm / £7,800 pa*** Income generator from day one***

***Low cost commercial investment unit*** Current 5 year lease expires 31 December 2026*** Passing rent will be £650 pm / £7,800 pa which represents a rental yield of 15.6% based on current guide***

***Located directly of busy main road with high high footfall*** Saracen Street is home to a number of independent traders plus Greggs, Ladbrokes and Wm Hill***

***Close proximities; Greggs, William Hill, Co-operative Funeralcare, Doctors Surgery, Dental Surgery. RENTAL INCOME £7,800 per annum - Further potential for rent growth subject to review***

Located within a growth area in the North of Glasgow. Possilpark has seen recent high levels of investment and regeneration and new homes, this is likely to have a positive effect on property values

***Tenanted commercial opportunity in North Glasgow*** Currently rented at £650 pm / £7,800 pa*** Income generator from day one*** ***Low cost commercial investment unit*** Current 5 year lease expires 31 December 2026*** Passing rent will be £650 pm / £7,800 pa which represents a rental yield of 15.6% based on current guide*** ***Located directly of busy main road with high high footfall*** Saracen Street is home to a number of independent traders plus Greggs, Ladbrokes and Wm Hill*** ***Close proximities; Greggs, William Hill, Co-operative Funeralcare, Doctors Surgery, Dental Surgery. RENTAL INCOME £7,800 per annum - Further potential for rent growth subject to review*** ***Located within a growth area in the North of Glasgow. Possilpark has seen recent high levels of investment and regeneration and new homes, this is likely to have a positive effect on property values***

Great trading location in Glasgow. Located in large residential area and main thoroughfare of Saracen Street. High footfall due to taxi base and access to public transport including bus & rail links to the city centre and the surrounding area. saracen Street is located directly off the A879 which is the main road between Glasgow City Centre and Bearsden / Milngavie.

Full Address: 274 Saracen Street, Glasgow, G22 5LF

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Pricing Information & Bidding

Guide Price: £55,000


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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)

STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

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Auction Details

Date & Time: 25 April 2025, 12pm
Type: Deadline for Offers

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