Timed Online Auction

21 October 2021, 10am-3pm

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

Description

Full Address: 895 Aikenhead Road, Let Pizza Max Investment, Mount Florida, Glasgow, G42 0NT

PRIME HOT FOOD INVESTMENT. Let Pizza Max. Highly visible commercial unit on BUSY main road with immediate rental income of £15,000 per annum on FRI lease until October 2024. Fixed Rent Increase To £20,000p.a.x In August 2025. F.R.I Lease Expiry 8th October 2041.

Excellent size and frontage onto Aikenhead Road. Single storey unit extends to approx. 900 Sq. ft (83.67 Sq. m). Perfect commercial investment with instant rental income.

Ideal spot in HIGH PASSING TRADE location. Nearby occupiers include William Hill, ASDA Superstore, Timsons and Day-Today express.

Hot Food Take Away Investment. The subjects are let to Pizza Max on a Full Repairing and Insuring lease- expiring 2041.

Located on the eastern side of Aikenhead Road at its junction with Curtis Avenue, approximately 100m south of the Prospecthill Road junction. Aikenhead Road is one of the main arterial thoroughfares.

PRIME HOT FOOD INVESTMENT. Let Pizza Max. Highly visible commercial unit on BUSY main road with immediate rental income of £15,000 per annum on FRI lease until October 2024. Fixed Rent Increase To £20,000p.a.x In August 2025. F.R.I Lease Expiry 8th October 2041. Excellent size and frontage onto Aikenhead Road. Single storey unit extends to approx. 900 Sq. ft (83.67 Sq. m). Perfect commercial investment with instant rental income. Ideal spot in HIGH PASSING TRADE location. Internally, the property is of rectangular shape, with main customer servery to the front, main counter area and open plan kitchen / prep area within the mid-section, the rear of the property offers partitioned office, staff break and w.c. facility and store room with single door access to the rear yard area. Unit extends to approx. 83.67sqm (900sq ft). Hot Food Take Away Investment. The subjects are let to Pizza Max on a Full Repairing and Insuring lease- expiring 2041.

Located on the eastern side of Aikenhead Road at its junction with Curtis Avenue, approximately 100m south of the Prospecthill Road junction. Aikenhead Road is one of the main arterial thoroughfares and bus routes between Glasgow City Centre and the King’s Park and Castlemilk areas of the city. Nearby occupiers include William Hill, Asda, All-in-One Fish Bar and, immediately to the rear, Montford Public House. Next to Hampden Stadium.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: until 8th October 2041
Rent: £15,000 per year / £1,250 per month
Yield: 7% (approx)
Tenant: Company
Notes: Let to Shanzeh Enterprises Ltd t/a “Pizza Max

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Location

Pricing Information & Bidding

Opening Bid: £196,000

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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: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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