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Description

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

PORTFOLIO SALE of a Parade of 5 Shops in Town Centre Location. Part Income Producing. Passing Rent: £17,950p.a. Rent Potential: £35,000p.a. Seldom available auction portfolio in PRIME LOCATION.

The properties are situated on the east side of Townhead at its junction with Industry Street and Parliament Road within the town centre of Kirkintilloch. Kirkintilloch is in East Dunbartonshire.

Approximately 9 miles North East of Glasgow, via the M80. Other major centres in the Region include Bishopbriggs (4 miles away) and Cumbernauld (8 miles).

The properties are within a modern mixed development surmounted by a pitched roof. Each property benefits from a single display window with single door entrance having each been renovated.

SUPER PRIME LOCATION in sought after Kirkintilloch. High demand rental location within close vicinity to major occupiers.

109 Townhead Let to Gal Print Ltd t/a Minuteman Press on a full repairing and insuring head lease extending to 675sq ft expiring 31st August 2025 at a passing rent of £6,250per annum. 111 Townhead The property is currently vacant extending to 555sq ft, previously let at £5,200 the property should achieve a rental figure in the region of £7,000 - £8,000per annum assuming a rent of £12-£15psf. 113 Townhead The property is currently vacant with no lease in place, the property extends to 478sq ft. We would anticipate a rental figure in the region of £5,750 - £7,000per annum assuming a rental figure of £12-£15psf 115 Townhead The property is held on a personal name t/a Monster Lab Nutrition supplement shop. The shop extends to 480sq ft with rent of £4,500per annum payable. The current lease expired in 2019 with the tenant continuing on tacit. There is an opportunity to negotiate a new lease with the current tenant. 117 Townhead Under offer to local hair & beautician at £7,200pa for 5 year term with tenant break at 3.

The properties are situated on the east side of Townhead at its junction with Industry Street and Parliament Road within the town centre of Kirkintilloch. Kirkintilloch is in East Dunbartonshire, approximately 9 miles North East of Glasgow, via the M80. Other major centres in the Region include Bishopbriggs (4 miles away) and Cumbernauld (8 miles). The resident population is approximately 20,000 and Kirkintilloch is the administrative centre for the East Dunbartonshire Council.

Full Address: 109-117 Townhead, 5 UNIT PORTFOLIO, Kirkintilloch, G66 1NX

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: Various
Rent: £17,950 per year / £1,496 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes:

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Pricing Information & Bidding

Guide Price: £271,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. 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 = £285,000

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Auction Details

Date & Time: 16 January 2025, 3pm
Type: Deadline for Offers

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