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Special Terms of Sale

  • Buyers Fee (?) 2% of Sale Price (Minimum of £2500 +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.

Description

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

1,973sq ft ready let Bet Fred Investment. Comprising Ground & 1st Floor. Let To Betfred Well Established Bookmaker Expiry March 2033 Passing Rent: £22,500p.a. VAT FREE INVESTMENT.

Cambuslang is approximately 5 miles south east of Glasgow City Centre. It has a resident population of over 22,000 and an estimated catchment of 300,000 within a fifteen-minute drive time.

The property comprises a grond and first floor retail unit forming part of a larger three storey building which is in multiple occupation.

Floor Area - Ground 1,099 sq ft, First 874 sq ft, TOTAL = 1,973 sq ft.

The town offers good road links with the M74 and has good rail links to Glasgow City Centre. Nearby occupiers include Savers, Dominos, Premier Foods, Subway, Boots, Betfred and Greggs.

The property comprises a ground and first floor retail unit forming part of a larger three storey building which is in multiple occupation. The ground floor accommodation provides an open plan betting area which is fully fitted to a typical Betfred branding and fit out. The customer service counter is located towards the rear of the betting area. Beyond the betting counter there area male and female w.c. facilities. Access to the first floor is provided via an internal fire escape located towards the rear of the property. The first floor accommodation Is utilised for staff welfare purposes The property has been calculated to extend to the following net internal area; Ground: 102.13sqm (1,099sq ft) 1st: 81.18sqm (874sq ft) Total: 183.31sqm (1,973sq ft) The property is held on a full repairing and insuring head lease on the following terms; Tenant: Done Brothers (Cash Betting) Ltd t/a Betfred Term: 31st March 2023 - 30th March 2033 (New extended lease) Review & Tenant Break: 31st March 2028 Passing Rent: £22,500p.a. Type: Full Repairing & Insuring with schedule of condition Whilst it is a good idea to visit a trading business that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business. Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business.

Cambuslang is approximately 5 miles south east of Glasgow City Centre. It has a resident population of over 22,000 and an estimated catchment of 300,000 within a fifteen-minute drive time. Cambuslang train station is a short walk away and a comprehensive road network including connections to the M74, M73, M77 and M8 offer excellent commuting access all over Scotland and throughout the central belt. Cambuslang offers a range of local shopping facilities with further amenities available at Rutherglen and East Kilbride. Public transport links and local schools are situated nearby. Recreational facilities within the area include several public parks, bowling and tennis clubs and a choice of golf courses.

Full Address: 142 Main Street, Betfred Investment, Cambuslang, Glasgow, G72 7EL

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 30th March 2033
Rent: £22,500 per year / £1,875 per month
Yield: 12% (approx)
Tenant: Private Individual
Notes: Tenant: Done Brothers (Cash Betting) Ltd t/a Betfred. Review and Breat - 31st March 2028

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Legal Pack (Available)

Pricing Information & Bidding

Opening Bid: £192,000

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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Offer Now... You may submit an offer now on this property for the owner to consider. 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 = 2% of Sale Price (Minimum £2,500 + 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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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: 06 March 2025, 10am-3pm
Type: Timed Online Auction

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