Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
***IMMEDIATE INCOME PRODUCING INVESTMENT***Ladbrokes Betting & Gaming producing £30,000 on a long term lease with 7 years remaining. Ground floor: 134.36sqm (1,446sq ft).
Prime City Centre Location just off Buchanan Street being Glasgow's Prime Shopping Locale. Under let, market rent 75k pa. Asset management opportunity. 100% Prime Location.
PRIME INVESTMENT PROPERTY immediate income producing investment in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**
Ground floor retail unit within a larger multi storey commercial development of traditional sandstone construction.
Ground: 134.36sqm (1,446sq ft)
Dundas Lane is a small street located in the bustling city centre. situated close to Sauchiehall Street and Buchanan Street, two of Glasgow's busiest shopping and commercial areas.
***IMMEDIATE INCOME PRODUCING INVESTMENT***Ladbrokes Betting & Gaming producing £30,000 on a long term lease with 7 years remaining. Ground floor: 134.36sqm (1,446sq ft)
Tenant: Ladbrokes Betting & Gaming Ltd
Full repairing and insuring lease
Expiry: 27th August 2031 (lease extended in 2019)
Passing Rent: £30,000p.a
Review & Break Option: August 2026
PRIME INVESTMENT PROPERTY immediate income producing investment in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**
Ground floor retail unit within a larger multi storey commercial development of traditional sandstone construction.
Ground: 134.36sqm (1,446sq ft)
Dundas Lane is a small street located in the bustling city centre. situated close to Sauchiehall Street and Buchanan Street, two of Glasgow's busiest shopping and commercial areas.
The property is situated on the north side of Dundas Lane between its junctions with Dundas Street and Buchanan Street adjacent to Queen Street train Station.
The street acts as a main thoroughfare linking Buchanan Street, West Nile Street to Glasgow Queen St Station along with access to Buchanan St subway station.
Neighbouring occupiers include Dune, Cafe Nero, Amarone, R.S. McColl, Waxy O’Connors and Greggs
Full Address: 10 Dundas Lane, Ladbrokes, Glasgow City Centre, G1 2AJ
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Map & Location
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Special Terms of Sale
-
Buyers Fee
(?) 1% of Sale Price (Minimum of £3250 +vat)
Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 7 Years
Rent: £30,000 per year / £2,500 per month
Yield: 6% (approx)
Tenant: Company
Notes: Tenant: Ladbrokes Betting & Gaming Ltd
Expiry: 27th August 2031 (lease extended in 2019)
Passing Rent: £30,000p.a
Review & Break Option: August 2026
held on a full repairing and insuring head lease
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Pricing Information & Bidding
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 = 1% 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.
Payment Calculator
Please use our
PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
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Auction Details
Date & Time: 24 April 2025, 10am-3pm
Type: Timed Online Auction
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