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Description

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

INCOME PRODUCING INVESTMENT*** Commercial premises over ground floor (1,517 sq ft) Let to Speed Queen on a FRI lease producing £12,000pa with 15 year remaining.

Tenant: S Q Shawlands Ltd t/a Speed Queen Expiry: 23/01/2040 Passing Rent: £12,000p.a.x. Break Dates: 28/01/2030 & 28/01/2035 Rent review: 28/01/2030

Arranged over ground floor area, the property is accessed via street level, with a single frontage, and has been fitted out and decorated internally to meet the tenant’s standard.

PRIME TOWN CENTRE LOCATION Neighbouring retailers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury’s Local, Iceland, Oro Italian Restaurant, and independent bar and restaurant operators

Shawlands is a highly sought after and densely populated affluent residential suburb, approximately 3 miles south of Glasgow City Centre.

INCOME PRODUCING INVESTMENT*** Commercial premises over ground floor(1,517 sq ft) Let to Speed Queen on a FRI lease producing £12,000pa with 15 year remaining. Tenant: S Q Shawlands Ltd t/a Speed Queen Expiry: 23/01/2040 Passing Rent: £12,000p.a.x. Break Dates: 28/01/2030 & 28/01/2035 Rent review: 28/01/2030 Arranged over ground floor area, the property is accessed via street level, with a single frontage, and has been fitted out and decorated internally to meet the tenant’s standard. PRIME TOWN CENTRE LOCATION Neighbouring retailers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury’s Local, Iceland, Oro Italian Restaurant, and independent bar and restaurant operators. Shawlands is a highly sought after and densely populated affluent residential suburb, approximately 3 miles south of Glasgow City Centre.

Kilmarnock Road forms part of Shawlands Cross, the vibrant centre of Shawlands—known for its independent cafés, bars, restaurants, and period sandstone tenements nearby. Shawlands is a highly sought after and densely populated affluent residential suburb, approximately 3 miles south of Glasgow City Centre. Shawlands Arcade regeneration: A £68?million redevelopment aims to add ~300 residential units, retail, cafés, and public plaza to refresh the area Nearby occupiers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury’s Local, Iceland, Oro Italian Restaurant, and numerous independent bar and restaurant operators

Full Address: 48 Kilmarnock Road, Queen Laundrette , Shawlands, Glasgow, G41 3NH

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 15 Years
Rent: £12,000 per year / £1,000 per month
Yield: 10% (approx)
Tenant: Company
Notes: Tenant: SQ Shawlands ltd t/a SpeedQueen Laundrette Expiry: 23rd January 2040 Tenant Breaks in Jan 2030 & 2035 Passing Rent: £12,000p.a.x Rent Increases: Jan 2026 £14,000p.a.x. Jan 2027 £16,000p.a.x. Jan 2028 £18,000p.a.x. The tenant has a current service charge cap of £2,000 which increases by 3% per annum

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Pricing Information & Bidding

Opening Bid: £119,000

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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: 10 July 2025, 10am-3pm
Type: Timed Online Auction

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