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Description
***IMMEDIATE INCOME PRODUCING INVESTMENT***O Sole Mio – Italian Restaurant producing £30,000 on a long term lease with 11 years remaining. Full building in prominent position with high footfall.
The property is held on a full repairing and insuring lease: Tenant: O'Sole Mio Rent: £30000 pa Rent review: May 2025 and 2030 Tenant in Occupation since May 2010
PRIME INVESTMENT PROPERTY immediate income producing investemt in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO**
Located in prominent position fronting the popular Bath Street with neighboring tenants including Ladborkes, Evans Cycles, Rolex and John Lewis
Bath Street is a prominent thoroughfare in Glasgow's city centre, renowned for its vibrant nightlife, diverse dining options, and rich cultural heritage.
***IMMEDIATE INCOME PRODUCING INVESTMENT***O Sole Mio – Italian Restaurant producing £43,500 on a long term lease with 11 years remaining. Full building in prominent position with high footfall. The property is held on a full repairing and insuring lease: Tenant: O'Sole Mio Rent: £30,000 pa Rent review: May 2030 Tenant in Occupation since May 2010 PRIME INVESTMENT PROPERTY immediate income producing investemt in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** Located in prominent position fronting the popular Bath Street with neighboring tenants including Ladborkes, Evans Cycles, Rolex and John Lewis. Bath Street is a prominent thoroughfare in Glasgow's city centre, renowned for its vibrant nightlife, diverse dining options, and rich cultural heritage. Full Rental potential up to £55,000 per annum.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 11 Years
Rent: £30,000 per year / £2,500 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes: £30,000 pa rent review May 2030 Tenant in Occupation since May 2010 Deposit of £5,000 held
Maps & Location
Map Street View SatelliteBath Street is a prominent thoroughfare in Glasgow, Scotland, extending east to west through the city centre. It is known for its diverse mix of retail, leisure, and office spaces, contributing significantly to Glasgow's vibrant urban landscape. The street boasts a variety of bars and restaurants, making it a popular destination for both locals and visitors seeking nightlife and dining experiences. The street also features various shopping options, including boutiques and specialty stores, contributing to its status as a bustling commercial area. Bath Street is a central thoroughfare in Glasgow, well-served by various public transport. The nearest major train station is Glasgow Central Station, situated approximately 15-minute walk from Bath Street. This station provides extensive rail connections to local and national destinations. Several bus routes operate along or near Bath Street.
Document Downloads
Pricing Information & Bidding
Opening Bid: £447,000
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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 = 2% 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 - 22Bath Street, O SOLE MIA, Let Restaurant Investment, Glasgow