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Description
RARE DUAL INVESTMENT**** 2x Retail Investments producing £15,000 per annum UNDER RENTED ERV £30,000pa ground floor commercial space in prominent position with high passing footfall
Tenanted Commercial Held on 1 Overriding F.R.I Lease. Low Passing Rent: £15,000p.a. Fixed Rent Increase To £17,000p.a in Dec 2026 UNDER RENTED ERV £30,000p.a
1625 offers customer seating/servery with partitions to the rear to form food prep and w.c. facilities. 1623 offers customer servery with partitions to the rear to form stores and w.c. facilities.
1623 Great Western Road Area: 47.85sqm (515sq ft) NAV/RV £10,400 1625 Great Western Road Area: 28.27sqm (304sq ft) NAV/RV £6,600
The subjects are situated on the south side of Great Western Road, East of its junction with Anniesland cross at a prominent position in a heavily populated retail sector of Anniesland in Glasgow.
RARE DUAL INVESTMENT**** 2x Retail Investments producing £15,000 per annum UNDER RENTED ERV £30,000pa ground floor commercial space in prominent position with high passing footfall Tenanted Commercial Held on 1 Overriding F.R.I Lease. Low Passing Rent: £15,000p.a. Fixed Rent Increase To £17,000p.a in Dec 2026 UNDER RENTED ERV £30,000p.a 1625 offers customer seating/servery with partitions to the rear to form food prep and w.c. facilities. 1623 offers customer servery with partitions to the rear to form stores and w.c. facilities. 1623 Great Western Road Area: 47.85sqm (515sq ft) NAV/RV £10,400 1625 Great Western Road Area: 28.27sqm (304sq ft) NAV/RV £6,600 The subjects are situated on the south side of Great Western Road, East of its junction with Anniesland cross at a prominent position in a heavily populated retail sector of Anniesland in Glasgow. Neighbouring occupiers include Domino’s, Cancer Research UK, Paddy Power & Boots Pharmacy.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 2034
Rent: £15,000 per year / £1,250 per month
Yield: 9% (approx)
Tenant: Company
Notes: Both properties are held on a full repairing and insuring head lease on a personal name expiring 30th November 2034 with no break options, the current passing rent is £15,000p.a.x. There is a fixed rent increase on 1st December 2026 to £17,000p.a.x. and rent review on 1st December 2029.
Maps & Location
Map Street View SatelliteGlasgow is Scotland’s largest city and has an immediate population of approximately 600,000 people and a retail catchment in the order of 2 million people. Great Western Road provides one of the main arterial routes running through the West End of Glasgow. This area caters for the popular residential areas of Anniesland, Kelvindale and Jordanhill. The premises are located on the south side of Great Western Road in a prominent position. Nearby occupiers include Baynes, Domino’s Pizza, Subway, Poundland, Boots the Chemist, Black and Lizars Opticians and the Morrisons Supermarket development including the Gym Group, Lidl and Costa.
Document Downloads
Pricing Information & Bidding
Opening Bid: £167,000
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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 £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 1623 and 1625Great Western Road, PORTFOLIO OF 2 SHOPS , Anniesland, Glasgow West End