Tenanted Commercial Property LOT 162

576 Maryhill Road, Glasgow West End, G20 7EE
OPENING BID

Timed Online Auction

23 September 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 576 Maryhill Road, Glasgow West End, G20 7EE

IMMEDIATE INCOME PRODUCING COMMERCIAL INVESTMENT within the extremely popular West End of Glasgow with settled long-term tenant paying 8,400 per annum on FRI lease until April 2022.

SUPER SIZE AND TRADING LOCATION on busy main arterial road linking the city centre with the popular West End. SUPER FRONTAGE ONTO Maryhill Road. Property has been fitted out to an extremely high standard by current tenant.

Well-established and well-respected local business currently open and trading well. Excellent payment history. IMMEDIATE RENTAL INCOME OF 8,400 per annum. PERFECT INVESTMENT PROPERTY in popular mixed residential and commercial location.

PERFECT COMMERCIAL PROPERTY with realistic potential rental of up to 12,000 per annum in HIGH DEMAND location. Comprises shop floor, treatment room, office and W.C. Total Size approximately 75sqm.

PRIME RENTAL LOCATION on the busy Maryhill Road with neighbouring occupiers including Tesco, McDonalds, Aldi, Greggs and William Hill. Access to city centre in under 3 miles.

IMMEDIATE INCOME PRODUCING COMMERCIAL INVESTMENT within the extremely popular West End of Glasgow with settled long-term tenant paying 8,400 per annum on FRI lease until April 2022. SUPER SIZE AND TRADING LOCATION on busy main arterial road linking the city centre with the popular West End. SUPER FRONTAGE ONTO Maryhill Road. Property has been fitted out to an extremely high standard by current tenant. Well-established and well-respected local business currently open and trading well. Excellent payment history. IMMEDIATE RENTAL INCOME OF 8,400 per annum. PERFECT INVESTMENT PROPERTY in popular mixed residential and commercial location. PERFECT COMMERCIAL PROPERTY with realistic potential rental of up to 12,000 per annum in HIGH DEMAND location. Comprises shop floor, treatment room, office and W.C. Total Size approximately 75sqm. PRIME RENTAL LOCATION on the busy Maryhill Road with neighbouring occupiers including Tesco, McDonalds, Aldi, Greggs and William Hill. Access to city centre in under 3 miles.

Maryhill Road (A81) is the main arterial route linking Bearsden with Glasgow City Centre and this route also affords easy access to the M8 Motorway. The surrounding area has a mix of commercial and residential properties. There are several tenement blocks with commercial units occupying the ground floor of each. Nearby occupiers include Day-Today, Magic Kats Training Centre and several hot food takeaways. Maryhill Railway Station is located within short walking distance to the north of the subjects and connects with Glasgow Queen Street Station. In addition, there are various bus routes, which run along the A81 linking Maryhill with Glasgow City Centre.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: April 2022
Rent: 8,400 per year / 700 per month
Yield: 7% (approx)
Tenant: Company
Notes:

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Location

Pricing Information & Bidding

Opening Bid: £97,000

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).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 23 September 2021, 10am-3pm
Type: Timed Online Auction

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