Tenanted Commercial LOT 13

22 Bath Street, Glasgow, G2 1HB
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Description

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

***IMMEDIATE INCOME PRODUCING INVESTMENT***O Sole Mio – Italian Restaurant producing £43,500 on a long term lease with 11 years remaining. Full building in prominent position with high footfall.

The property is held on a full repairing and insuring lease: Tenant: O'Sole Mio Rent: £43,500 pa Rent review: May 2025 and 2030 Tenant in Occupation since May 2010

PRIME INVESTMENT PROPERTY immediate income producing investemt in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**

Located in prominent position fronting the popular Bath Street with neighboring tenants including Ladborkes, Evans Cycles, Rolex and John Lewis

Bath Street is a prominent thoroughfare in Glasgow's city centre, renowned for its vibrant nightlife, diverse dining options, and rich cultural heritage.

***IMMEDIATE INCOME PRODUCING INVESTMENT***O Sole Mio – Italian Restaurant producing £43,500 on a long term lease with 11 years remaining. Full building in prominent position with high footfall. The property is held on a full repairing and insuring lease: Tenant: O'Sole Mio Rent: £43,500 pa Rent review: May 2025 and 2030 Tenant in Occupation since May 2010 PRIME INVESTMENT PROPERTY immediate income producing investemt in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** Located in prominent position fronting the popular Bath Street with neighboring tenants including Ladborkes, Evans Cycles, Rolex and John Lewis. Bath Street is a prominent thoroughfare in Glasgow's city centre, renowned for its vibrant nightlife, diverse dining options, and rich cultural heritage.

Bath Street is a prominent thoroughfare in Glasgow, Scotland, extending east to west through the city centre. It is known for its diverse mix of retail, leisure, and office spaces, contributing significantly to Glasgow's vibrant urban landscape. The street boasts a variety of bars and restaurants, making it a popular destination for both locals and visitors seeking nightlife and dining experiences. The street also features various shopping options, including boutiques and specialty stores, contributing to its status as a bustling commercial area. Bath Street is a central thoroughfare in Glasgow, well-served by various public transport. The nearest major train station is Glasgow Central Station, situated approximately 15-minute walk from Bath Street. This station provides extensive rail connections to local and national destinations. Several bus routes operate along or near Bath Street.

Full Address: 22 Bath Street, Glasgow, G2 1HB

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 11 Years
Rent: £43,500 per year / £3,625 per month
Yield: 8% (approx)
Tenant: Private Individual
Notes: £43,500 pa rent review May 2025, 2030 Tenant in Occupation since May 2010 Deposit of £5,000 held

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Pricing Information & Bidding

Opening Bid: £550,000

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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