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Description
***Tenanted commercial investment property*** Leased to 24 hour convenience store with rental of £920pm / £11,040pa***
***Situated on a busy main road with high levels of passing trade***Located near the busy cross of Newlands Road and Cathcart Road beside Cathcart railway station***
*** The property is leased on an FRI lease. With over 14 years remaining*** Rent is £920 per month*** Floorspace is approx 70sq meters***
***Located on the ground floor on a traditional sandstone tenement. The shop has a main sales area with store room to the rear***
***The immediate district of Cathcart has many shops and services available. Public transport includes train stations at Langside, Cathcart and Kings Park (all with connections to Glasgow Central***
***Tenanted commercial investment property*** Leased to 24 hour convenience store with rental of £920pm / £11040pa*** ***Situated on a busy main road with high levels of passing trade***Located near the busy cross of Newlands Road and Cathcart Road beside Cathcart railway station*** *** The property is leased on an FRI lease. With over 14 years remaining*** Rent is £920 per month*** ***Located on the ground floor on a traditional sandstone tenement. The shop has a main sales area with store room to the rear*** ***The immediate district of Cathcart has many shops and services available. Public transport includes train stations at Langside, Cathcart and Kings Park (all with connections to Glasgow Central***
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 14
Rent: £11,040 per year / £920 per month
Yield: 13% (approx)
Tenant: Private Individual
Notes:
Maps & Location
Map Street View SatelliteHighly sought after area close to neighbouring Shawlands, Mount Florida and up market Newlands, Langside and Queens Park. Excellent catchment area of sought after locations. Leafy busy road close to Hampden Stadium, Queens Park and several up-market modern housing complexes. Excellent Transport Links with M74 and M8 Motorway a short 5 minute drive. Glasgow City Centre is about 10 minutes with excellent train, bus or road links. Popular rental area with students at Strathclyde and Glasgow University all easy commuting distance. Recreational pursuits are readily accessible via Albert Park and Queens Park is also only a short distance from this property. Local shopping and entertainment districts including Shawlands and Silverburn are readily accessible and the highly desirable Queens Park, which plays host to farmers markets and a number of other popular recreational pursuits, is on the doorstep of this property
Document Downloads
Pricing Information & Bidding
Opening Bid: £87,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £2,500 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 220Newlands Road, Glasgow