Deadline for Offers

20 January 2022, 3pm

Bidding Closes in

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

Description

Full Address: 372 Dumbarton Rd, Let First Bus Investment, Partick, West End, Glasgow, G11 6RZ

PRIME WEST END Double Fronted Retail Unit with fantastic presence next to Boots & Ramsdens in the heart of Partick. *** SOLD WITH FRI LEASE at £25,000 per annum on FRI lease until July 2026. Let to First Bus Group.

Property extends to approximately 981 sq ft (91 sq m) and attracts a rental of £25,000 Per annum. HIGH YIELDING PROPERTY INVESTMENT in excellent location within Glasgow's West End.

Settled long-term tenant paying £25,000 per annum on FULL REPAIRING AND INSURANCE LEASE until 1st July 2026. Let to First Glasgow (No.1) Ltd, one of Europe's largest private public transport operators.

HIGHLY SOUGHT AFTER LOCATION. Sure to appeal to investors looking for an excellent rental opportunity. High Passing trade in extremely popular location close to Glasgow University.

PRIME LOCATION. Neighbouring occupiers includes; Greggs, T.S.B, Bupa Dental Care, Morrisons Supermarket, Subway Sandwiches and Ladbrokes.

PRIME WEST END Double Retail Unit with fantastic frontage next to Boots & Ramsdens in the heart of Partick. Currently tenanted at £25,000 per annum on FRI lease until July 2026. Let to First Bus Group. The property comprises a ground floor commercial unit set within a larger 4 storey tenement building of traditional sandstone construction surmounted by a pitched roof. Offering a prominent glazed frontage, the property is accessed from its westernmost side via a double, timber and glazed door., Property extends to approximately 981 sq ft (91 sq m) and attracts a rental of £25,000 Per annum. HIGH YIELDING PROPERTY INVESTMENT in excellent location within Glasgow's West End. Settled long-term tenant paying £25,000 per annum on FULL REPAIRING AND INSURANCE LEASE until 1st July 2026. Let to First Glasgow (No.1) Ltd, one of Europe's largest private public transport operators. HIGHLY SOUGHT AFTER LOCATION. Sure to appeal to investors looking for an excellent rental opportunity. High Passing trade in extremely popular location close to Glasgow University.

The property is situated on the north side of Dumbarton Road between its junctions with Peel Street and Fortrose Street within the Partick area of Glasgow. The area is a very popular locale for retail, services and other businesses, with Partick Burgh Hall situated to the rear of the demise. Gentrification over the recent years has seen local property prices steadily increase with a high demand for apartments, both traditional and new build, accommodating demand for student accommodation, young professionals and families looking to move to the area. The area is well serviced by public transport links with a large bus terminus located on Anderson Street adjacent with Partick Train Station located there also with both above and underground train stations. Neighbouring occupiers includes; Greggs, T.S.B, Bupa Dental Care, Morrisons Supermarket, Subway Sandwiches and Ladbrokes.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2026
Rent: £25,000 per year / £2,083 per month
Yield: 9% (approx)
Tenant: Company
Notes: The tenant, t/a First Bus is one of Europe’s largest private, public transport operators. The tenant operates this premises for ticket sales and is one of a number of outlets throughout the country for sales bases for their bus and rail operations

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Location

Pricing Information & Bidding

Guide Price: £290,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

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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: 20 January 2022, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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