Description
PRIME LET INVESTMENT Sold with existing tenants in situ 'Rettie' Estate Agency on a FRI Lease at £13,000pa until May 2032 (10YrFRI). Established tenant in sought after location.
Tenant may benefit from small business rates relief due to low rateable value of £7,451. Excellent investment buy in prime location. Rent review 2027 market rent £17/19,000 pa.
Close proximities to several national retailers such as Dominoes, Tesco, Sainsburys, Clyde, Slaterhogg, Royal bank of Scotland, Santander, Nationwide + Shawlands, Pollokshaws East & Crossmyloof trains
Excellent investment in prime Southside Locale of Shawlands. Good sized unit just off main Kilmarnock Rd. Excellent visibility, convenient parking and transport facilities.
Situated within the recognised shopping and leisure heart of Shawlands, the subjects occupy an extremely prominent site. The location benefits from an extremely high level of vehicular and pedestrian traffic and excellent public transport facilities. Close proximities to several national retailers such as Dominoes, Tesco, Sainsburys, Clyde, Slaterhogg, Royal bank of Scotland, Santander, Nationwide + Shawlands, Pollokshaws East and Crossmyloof trainsation.
Full Address: 196 Kilmarnock Road, Let Rettie Investment, Shawlands, Glasgow South, G41 3PG
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Map Street View SatelliteSpecial Terms of Sale
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Buyers Fee (?) 2% 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: 14 May 2032
Rent: £13,000 per year / £1,083 per month
Yield: 9% (approx)
Tenant: Private Individual
Notes: Tenanted by Rettie & Company Ltd in occupation since 15th May 2017. Lease extended in 2022 for 10 Years until May 2032. Rent review 2027 market rent £17/19,000 pa.
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Pricing Information & Bidding
Opening Bid: £149,000
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SPECIAL Terms of Sale
- 10% Deposit
- Buyers Fee = 2% 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VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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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.Payment Calculator
Auction Details
Type: Timed Online Auction
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