BIDDING OPENS in...

Description

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

***Portfolio of 2 well performing commercial units in Cambuslang town centre. FREEHOLD properties with established sitting tenants***

***13 Greenlees Road, is let to a beauty salon with circa 5 years remaining on lease. Current rent is set at £600 per month / £7,200 yearly.

***15 Greenlees Road, is let to a food takeaway with circa 5 years remaining on lease. Current rent is set at £500 per month / £6,000 yearly. The premises were fitted for catering by landlord***

***Number 13 and 15 Greenlees Road are two tenanted commercial units located just off Main Street in Cambuslang. Good footfall and public parking nearby***

***Great investment for commercial landlords. Easily managed, solid rental yield of 13.8% against current guide price***Low cost commercial investment portfolio***

HIGH-YIELDING COMMERCIAL INVESTMENT PORTFOLIO – CAMBUSLANG TOWN CENTRE TWO FREEHOLD COMMERCIAL UNITS • BOTH TENANTED • £13,200 ANNUAL RENTAL INCOME • CIRCA 13.8% GROSS YIELD AGAINST GUIDE PRICE • APPROX. 5 YEARS REMAINING ON LEASES Future Property Auctions are delighted to present this outstanding LOW-COST COMMERCIAL INVESTMENT opportunity comprising TWO FREEHOLD, income-producing commercial units in the heart of Cambuslang. Both properties are sold with ESTABLISHED SITTING TENANTS, generating a combined current rental income of £13,200 PER ANNUM and representing a superb gross rental yield of approximately 13.8% against the current guide price. An ideal ready-made commercial investment portfolio for landlords looking to acquire established rental income from day one. 13 GREENLEES ROAD Currently occupied and trading as a beauty salon, with approximately 5 years remaining on the existing lease. Current Rent: £600 PCM Annual Rental Income: £7,200 The property provides the successful purchaser with an established commercial tenant and immediate rental income. 15 GREENLEES ROAD Currently occupied and trading as a food takeaway, again with approximately 5 years remaining on the existing lease. Current Rent: £500 PCM Annual Rental Income: £6,000 The premises were previously fitted for catering use by the landlord, providing an established commercial unit currently operating within the food sector. COMBINED INVESTMENT 2 FREEHOLD COMMERCIAL UNITS TOTAL CURRENT RENT: £1,100 PER MONTH TOTAL CURRENT RENTAL INCOME: £13,200 PER ANNUM GROSS YIELD: APPROXIMATELY 13.8% AGAINST CURRENT GUIDE PRICE This represents an attractive opportunity to acquire two established commercial investments in a single transaction, providing diversified income across two separate tenants and business uses. EXCELLENT CAMBUSLANG LOCATION Numbers 13 and 15 Greenlees Road occupy a convenient position just off Main Street in Cambuslang town centre, placing the properties close to the town's main retail and commercial activity. The surrounding area benefits from good pedestrian footfall, nearby public parking and excellent accessibility, supporting a wide variety of local businesses and commercial operators. Cambuslang is a busy and well-established town within the Greater Glasgow area, with excellent road and public transport connections into Glasgow and the surrounding towns. INVESTMENT HIGHLIGHTS TWO COMMERCIAL PROPERTIES • FREEHOLD • BOTH TENANTED • ESTABLISHED SITTING TENANTS • CIRCA 5 YEARS REMAINING ON BOTH LEASES • £13,200 CURRENT ANNUAL RENT • APPROX. 13.8% GROSS YIELD AGAINST GUIDE PRICE • TWO SEPARATE INCOME STREAMS • BEAUTY SALON TENANT • FOOD TAKEAWAY TENANT • TOWN CENTRE LOCATION • GOOD FOOTFALL • PUBLIC PARKING NEARBY • LOW-COST COMMERCIAL INVESTMENT READY-MADE INCOME-PRODUCING COMMERCIAL PORTFOLIO A superb opportunity for commercial landlords, portfolio investors and buyers seeking strong rental returns to acquire two established tenanted units producing a combined £13,200 per annum from day one. HIGH YIELD • ESTABLISHED TENANTS • TWO FREEHOLDS • IMMEDIATE INCOME Excellent addition to an existing commercial portfolio or an accessible entry point into commercial property investment.

Tenancy Details

Type of Agreement: Basic Lease
Length: 5 years
Rent: £13,200 per year / £1,100 per month
Yield: 14% (approx)
Tenant: Private Individual
Notes:

Maps & Location

Map   Street View   Satellite

13 & 15 Greenlees Road are conveniently positioned just off Main Street in the heart of Cambuslang, an established and busy town within South Lanarkshire, approximately 6 miles south-east of Glasgow city centre. Cambuslang has a substantial surrounding residential population and a well-established town centre offering a broad mix of national and independent retailers, supermarkets, cafés, restaurants, takeaways and professional services, creating regular local trade and pedestrian activity. Greenlees Road benefits from its close proximity to the main commercial area of Cambuslang, with public parking available nearby and excellent public transport connections. Cambuslang Railway Station is within easy reach, providing frequent services to Glasgow city centre and other destinations across the central belt. The town also enjoys excellent road connectivity, with convenient access to the M74 motorway, providing connections towards Glasgow, Hamilton and the wider motorway network. The combination of a large local catchment population, busy town centre, strong transport links, nearby parking and established surrounding businesses makes Greenlees Road a well-positioned commercial location and an attractive proposition for long-term property investment.

Document Downloads

View Documents Page

Pricing Information & Bidding

Opening Bid: £95,000

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

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)

  • Use our DEPOSIT CALCULATOR to confirm the reservation deposit & buyers fee for this property at a specified bid level.

    Calculate Deposit & Fee

    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 - 13 , 15 Greenlees Road , Cambuslang, Glasgow






Future Auctions LTD are the UK's premier dedicated land & property auction house. We offer flats, houses, land, residential, commercial property at large scale event and online auctions.

Contact Us

HEAD OFFICE
241 Kilmarnock Road, Glasgow
Phone: 0141-632-6599
E-Mail: info@futurepropertyauctions.co.uk
Future Auctions Ltd. All Rights Reserved.