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Description
PRIME INVESTMENT***TENANTED Prime West End Location property over ground floor level. EXCELLENT TRADING POSITION producing £15,000per annum. RENTAL POTENTIAL £22-24,000 per annum.
Held on a full repairing and insuring head lease to Level11 Ltd expiring 31st July 2038 passing £15,000p.a with a tenants option to determine on 1st August 2028. Rent reviews 2028 & 2033.
Comprises a mid terraced ground floor retail unit within a well established retail parade on Byres Road The property has been extensively renovated by the tenant.
PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £15,000 PER ANNUM**LOW RENTAL**RENTAL POTENTIAL £22-24,000 per annum.
Prime West End location on Byres Road, close to Glasgow University, shops, cafés and restaurants, with excellent Subway, rail, bus and road links.
PRIME INVESTMENT***TENANTED Prime West End Location property over ground floor level. EXCELLENT TRADING POSITION producing £15,000per annum. RENTAL POTENTIAL £22-24,000 per annum. Held on a full repairing and insuring head lease to Level11 Ltd expiring 31st July 2038 passing £15,000p.a with a tenants option to determine on 1st August 2028. Rent reviews 2028 & 2033. Comprises a mid terraced ground floor retail unit within a well established retail parade on Byres Road The property has been extensively renovated by the tenant. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** Rental £15,000 PER ANNUM**LOW RENTAL**RENTAL POTENTIAL £22-24,000 per annum. Prime West End location on Byres Road, close to Glasgow University, shops, cafés and restaurants, with excellent Subway, rail, bus and road links.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 12 Years
Rent: £15,000 per year / £1,250 per month
Yield: 7% (approx)
Tenant: Company
Notes: Held on F.R.I Lease Passing £15,000p.a.x Expiry 31st July 2038 Rent reviews 2028 & 2033. The vendor holds a deposit of £4,000
Maps & Location
Map Street View Satellitesituated in the heart of Glasgow’s highly regarded West End, on one of the area’s principal commercial thoroughfares. Byres Road is a vibrant and well-established destination, offering an attractive mix of independent retailers, cafés, restaurants, takeaways, bars, supermarkets, health and beauty businesses, professional services and other commercial occupiers. The surrounding area has a strong and cosmopolitan character, supported by the nearby University of Glasgow, a substantial student and professional population, and a well-established residential community. The adjoining lanes, including Ashton Lane and Ruthven Lane, add further restaurants, bars, independent shops and leisure attractions, contributing to strong pedestrian activity and an active day-and-evening economy. The property is also exceptionally well placed for a wide range of local amenities and leisure facilities. The University of Glasgow campus is close by, while the area benefits from the nearby Glasgow Botanic Gardens, Kelvingrove Park, Kelvingrove Museum and Hunterian Museum. Byres Road itself is recognised as the main commercial artery of Glasgow’s West End, with a particularly strong independent retail and hospitality offering.
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Pricing Information & Bidding
Opening Bid: £210,000
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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 = 3% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - 99Byres Road, Coffee Hub Investment, Glasgow