Tenanted Commercial LOT 11

258 Glasgow Road, Blantyre, G72 0YH
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Description

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

INCOME PRODUCING INVESTMENT***Ground floor commercial unit in prominent TOWN CENTRE location. Well Established Operator 5 years remaining on lease producing £6,250 per annum

The property is held on lease on a personal name trading as “Country Shop @ Flowers By Isabel” Tenant in Situ Since 2008 Lease Expiry: 2030 Passing Rent: £6,250p.a Rent Review: 2028

The property comprises a ground floor retail unit within a larger 2 storey red sandstone development surmounted by a pitched roof. Located in prominent TOWN CENTRE position.

Internally the property offers an open plan retailing space with partitioned tea prep and w.c to the rear. The property has been calculated to extend to; 51.09sqm (550sq ft)

Glasgow Road is the main thoroughfare in Blantyre, South Lanarkshire, running through the heart of the town. It is a key commercial and residential area, offering shops, restaurants, schools etc.

INCOME PRODUCING INVESTMENT***Ground floor commercial unit in prominent TOWN CENTRE location. Well Established Operator 5 years remaining on lease producing £6,250 per annum The property is held on lease on a personal name trading as “Country Shop @ Flowers By Isabel” Tenant in Situ Since 2008 Lease Expiry: 2030 Passing Rent: £6,250p.a Rent Review: 2028 The property comprises a ground floor retail unit within a larger 2 storey red sandstone development surmounted by a pitched roof. Located in prominent TOWN CENTRE position. Internally the property offers an open plan retailing space with partitioned tea prep and w.c to the rear. The property has been calculated to extend to; 51.09sqm (550sq ft) Glasgow Road is the main thoroughfare in Blantyre, South Lanarkshire, running through the heart of the town. It is a key commercial and residential area, offering shops, restaurants, schools etc.

Blantyre has a resident population of circa 17,705 and a wider catchment area of circa 313,800 persons. Blantyre is located immediately to the West of the town of Hamilton, which serves as the major services and administrative centre for South Lanarkshire, some 8 miles to the South East of Glasgow City Centre. Blantyre has an excellent communications network with the A725 East Kilbride Expressway providing immediate access to Scotland’s motorway network, including the M8 to Glasgow and Edinburgh (42 miles) and the M74 to Carlisle (85 miles) and then South into England. Both Glasgow and Edinburgh International Airports are within a 45 minute drive and the Eurocentral Rail Freight Terminal is only 6 miles away.

Full Address: 258 Glasgow Road, Blantyre, G72 0YH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 Years
Rent: £6,250 per year / £521 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: The property is held on lease on a personal name trading as “Country Shop @ Flowers By Isabel” expiring 27th May 2030 (tenant in situ since 2008) at a passing rent of £6,250p.a with a rent review provision in May 2028

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Pricing Information & Bidding

Opening Bid: £55,000

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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

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Auction Details

Date & Time: 27 March 2025, 10am-3pm
Type: Timed Online Auction

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