OPENING BID

Timed Online Auction

02 December 2021, 10am-3pm

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

Description

Full Address: 424 Duke Street, Former TSB, Dennistoun, Glasgow, G31 1PX

*PRIME COMMERCIAL INVESTMENT OPPORTUNITY* Substantial, prominent corner unit within the popular Glasgow suburb of Dennistoun. **CLASS 3 RESTAURANT CONSENT HAS BEEN APPLIED FOR** Realistic rental potential of 45,000 per annum.

The property offers return frontage with access gained via twin entrances at the front elevation, with the main entrance leading to a grand banking hall, fitted out to a high standard by the former tenant with partitions created to form meeting rooms, staff room, offices and store.

SUPER SIZE AND LOCATION only 2 miles from Glasgow City Centre in prime position within the stylish district of Dennistoun. Ground: 144.96sqm (1,560sq ft) Basement: 116.32sqm (1,252sq ft) Total: 261.28sqm (2,812sq ft) **Class 3 consent application made**

HIGH DEMAND RENTAL LOCATION within densely populated residential location. Neighbouring occupiers include Paddy Power, Lidl, Subway and Ladbrokes on busy main thoroughfare linking the City Centre with the East End of the City. REALISTIC RENTAL POTENTIAL OF 45,000 PER ANNUM.

Dennistoun is currently one of Scotland's most sought after locations and was recently named 'coolest neighbourhood in the UK and 8th coolest neighbourhood in the world'. Average house prices have increased by almost 14% in the last 3 years.

*PRIME COMMERCIAL INVESTMENT OPPORTUNITY* Substantial, prominent corner unit within the popular Glasgow suburb of Dennistoun. **CLASS 3 RESTAURANT CONSENT HAS BEEN APPLIED FOR** Realistic rental potential of 45,000 per annum. The property offers return frontage with access gained via twin entrances at the front elevation, with the main entrance leading to a grand banking hall, fitted out to a high standard by the former tenant with partitions created to form meeting rooms, staff room, offices and store. SUPER SIZE AND LOCATION only 2 miles from Glasgow City Centre in prime position within the stylish district of Dennistoun. Ground: 144.96sqm (1,560sq ft) Basement: 116.32sqm (1,252sq ft) Total: 261.28sqm (2,812sq ft) **class 3 consent application made** HIGH DEMAND RENTAL LOCATION within densely populated residential location. Neighbouring occupiers include Paddy Power, Lidl, Subway and Ladbrokes on busy main thoroughfare linking the City Centre with the East End of the City. REALISTIC RENTAL POTENTIAL OF 45,000 PER ANNUM. Dennistoun is currently one of Scotland's most sought after locations and was recently named 'coolest neighbourhood in the UK and 8th coolest neighbourhood in the world'. Average house prices have increased by almost 14% in the last 3 years.

The Dennistoun district is a fantastic location benefiting from excellent transport links into Glasgow city centre via bus routes on Alexandra Parade and Duke Street. Train Station available locally at High Street. The area is popular with landlords as amenities are plentiful and an abundance of students at Glasgow Caledonian and Strathclyde Universities make for strong rental returns and high tenant pool. Conveniently positioned, the building sits approximately one mile from the centre of town and the University of Strathclyde. Locally, there is a variety of recreational pursuits including a public swimming pool, gymnasium, Alexandra park and golf course, library and much more. Day-to-day shopping can be found within walking distance along with a range of restaurants, cafes, and bars. Public transport includes bus and rail links to Glasgow and Edinburgh City Centres together with excellent access to the central belt motorway network.

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Pricing Information & Bidding

Opening Bid: £360,000

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: 02 December 2021, 10am-3pm
Type: Timed Online Auction

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