BIDDING OPENS in...

Description

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

MID TERRACE COMMERCIAL UNIT***INCOME PRODUCING INVESTMENT Class 3 Hot Food TAKE AWAY CONSENT Held on a FRI with 10 years unexpired currently producing £15,000 per annum

Tenant: Personal Name Expiry: 9th July 2035 Rent Review & Break: 10th July 2030 Passing Rent: £15,000p.a. Rent Increase: £16,500p.a. in July 2028 Deposit: A deposit of £3,750 is held by the landlord.

Internally, the subjects are undergoing major renovation works with new layout planned providing additional customer space to the front. Additional storage is provided at mezzanine level.

The property has been measured in accordance with RICS Code of Measuring Practice – 6th Edition on a Net Internal basis and is as follows: Ground 43.45sqm 468sq ft

PRIME LOCATION Nearby occupiers include Eli Cafe, BBQ Palace, Day-today Express and The Beechwood.

MID TERRACE COMMERCIAL UNIT***INCOME PRODUCING INVESTMENT Class 3 Hot Food TAKE AWAY CONSENT Held on a FRIL with 10 years unexpired currently producing £15,000 per annum Tenant: Personal Name Expiry: 9th July 2035 Rent Review & Break: 10th July 2030 Passing Rent: £15,000p.a. Rent Increase: £16,500p.a. in July 2028 Deposit: A deposit of £3,750 is held by the landlord. Internally, the subjects are undergoing major renovation works with new layout planned providing additional customer space to the front. Additional storage is provided at mezzanine level. The property has been measured in accordance with RICS Code of Measuring Practice – 6th Edition on a Net Internal basis and is as follows: Ground 43.45sqm 468sq ft PRIME LOCATION Nearby occupiers include Eli Cafe, BBQ Palace, Day-today Express and The Beechwood.

Aikenhead Road is a prominent thoroughfare in Glasgow, Scotland, extending through several neighbourhoods including Mount Florida, King's Park, and Govanhill. The road offers a diverse mix of residential properties, commercial establishments, and green spaces, making it a notable area within the city. The road benefits from excellent transport links: Rail: Mount Florida Station serves the G42 area. King's Park Station caters to the G44 region. Bus: Multiple bus routes operate along Aikenhead Road, providing connections to Glasgow city centre and surrounding areas.

Full Address: 1007 Aikenhead Rd, Valentinos Hot Food Investment, Glasgow, G44 4SF

Show More

Map & Location

Map   Street View   Satellite

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 10 Years
Rent: £15,000 per year / £1,250 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: The property is held on a full repairing and insuring head lease on the following terms Tenant: Personal Name Expiry: 9th July 2035 Rent Review & Break: 10th July 2030 Passing Rent: £15,000p.a. Rent Increase: £16,500p.a. in July 2028 Deposit: A deposit of £3,750 is held by the landlord. Further: The tenant is an established operator with existing businesses in Edinburgh.

Document Downloads

  Legal Pack (Pending)

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £149,000

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).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

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.

Submit Offer Now

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

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.

Payment Calculator

Buy Now Price = £175,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £175,000 - CLICK HERE

Auction Details

Date & Time: 17 July 2025, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue