Description
INCOME PRODUCING INVESTMENT*** Retail Unit over ground, first floor and basement level in EXCELLENT TRADING POSITION. Tenanted property with 10 years unexpired at £30,000 per annum on a FRI Lease.
The property is held on a full repairing and insuring head lease passing £30,000p.a expiring 11th June 2036 with a tenant break in June 2029 The tenant operates multiple stores throughout Scotland.
The area has been calculated to extend to the following net areas: Ground: 155.51sqm (1,674sq ft) 1st Floor: 163.78sqm (1,763sq ft) Bsm: 143.53sqm (1,545sq ft) Total: 462.82sqm (4,982sq ft)
Comprise ground, 1st and basement floors of a 4 storey sandstone building. The premises provide retail sales at ground floor with a mixture of storage and staff accommodation on the remaining floors.
Sauchiehall Street is one of Glasgow’s best-known commercial thoroughfares, a highly accessible position within the city centre and extending between the city-centre shopping area and the west end.
INCOME PRODUCING INVESTMENT*** Retail Unit over ground, first floor and basement level in EXCELLENT TRADING POSITION. Tenanted property with 10 years unexpired at £30,000 per annum on a FRI Lease. NAV/RV: £46,750 The property is held on a full repairing and insuring head lease passing £30,000p.a expiring 11th June 2036 with a tenant break in June 2029 The tenant operates multiple stores throughout Scotland. The area has been calculated to extend to the following net areas: Ground: 155.51sqm (1,674sq ft) 1st Floor: 163.78sqm (1,763sq ft) Bsm: 143.53sqm (1,545sq ft) Total: 462.82sqm (4,982sq ft) Comprise ground, 1st and basement floors of a 4 storey sandstone building. The premises provide retail sales at ground floor with a mixture of storage and staff accommodation on the remaining floors.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 10 Years
Rent: £30,000 per year / £2,500 per month
Yield: 11% (approx)
Tenant: Company
Notes: The property is held on a full repairing and insuring head lease passing £30,000p.a expiring 11th June 2036 with a tenant break in June 2029 Rent review 2031 The tenant operates multiple stores throughout Scotland.
Maps & Location
Map Street View SatelliteGlasgow is Scotland's largest city with a population of approximately 660,000 and an estimated shopping catchment of 2 million. The property occupies a prominent position on Sauchiehall Street between the junctions of Blythswood Street and West Campbell Street. The area is a well-established retail destination with a mix of national and independent operators such as Caffe Nero, Mackintosh at the Willow, Tesco Metro, Costa, Greggs, Black Sheep Coffee.
Document Downloads
Pricing Information & Bidding
Opening Bid: £280,000
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 = 3% of Sale Price (Minimum £3,250 + 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 - 213Sauchiehall Street, Glasgow