Tenanted Commercial LOT 85

278 Saracen Street, Glasgow, G22 5LF
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Description

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

***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: 278 Saracen Street, Glasgow, G22 5LF

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Tenancy Details

Type of Agreement:
Length: 1
Rent: £7,800 per year / £650 per month
Yield: 24% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Opening Bid: £33,000

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

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