Tenanted Commercial Property LOT 123

6 Main Street, Boots, Milngavie, G62 6BL
GUIDE PRICE

Deadline for Offers

09 December 2021, 3pm

Bidding Closes in

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

Description

Full Address: 6 Main Street, Boots, Milngavie, G62 6BL

Ground Floor Unit circa 80.94 sq.m (871sq.ft) forming part of Boots with a signed lease agreement until 2029. The subjects comprise part of the ground floor of a two storey building. VAT FREE PROPERTY

RENTAL AGREEMENT: 32,500 per annum. Prime Position In Affluent Suburb. The subjects under consideration form number 6 Main Street forming part of the ground floor of the demise of which Boots occupy.

Excellent size. 871 SQUARE FEET. glazed frontage in extremely prominent position. Modern retail sales floor finished to high corporate specification throughout. 100% SECURE INCOME to Grade A tenant.

Situated on the west side of Main Street at its junction with Douglas Street, within the suburb of Milngavie. Milngavie is an affluent suburb of Glasgow located 6 miles from the city centre.

Milngavie is an affluent residential suburb situated approximately 6 miles north west of Glasgow city centre. The premises are located on Station Road within the town centre. IDEAL SIZE for BOOTS.

Prime Glasgow District. Ground Floor Unit circa 80.94 sq.m (871sq.ft) forming part of Boots with a lease agreement signed until 2029. The property comprises a substantial ground and first floor commercial premises. The subjects comprise part of the ground floor of a two storey building of traditional construction surmounted by a pitched roof overlaid in red tile. The property has been rendered and painted. Nearby occupiers include Marks & Spencer, Holland and Barret, Optical Express and Vision express. LEASE AGREEMENT: The subjects are leased to Boots UK Ltd ( C.H Reg No 00928555 ) for a period of 10 years from 5th February 2019 on full repairing and insuring terms at a passing rent of 32,500 p.a. There is a tenant only break option at the 5th anniversary , if the lease is broken the tenant is required to fully reinstate the subjects. Excellent size. 871 SQUARE FEET. glazed frontage in extremely prominent position. Modern retail sales floor finished to high corporate specification throughout. 100% SECURE INCOME to Grade A tenant. VAT FREE COMMERCIAL INVESTMENT

Milngavie is an affluent residential suburb situated approximately 6 miles north west of Glasgow city centre. The premises are located on Station Road within the town centre. Surrounding occupiers include Kerslands Solicitors, Bank of Scotland, Milngavie Orthodontics, Marks & Spencer, Perfect Pakora, Holland & Barrett, Optical Express & Vision Express. Milngavie has substantial historic commercial transactions and is one of the most sought after locations for commercial investment properties in Glasgow. LOCAL PLANNING AUTHORITY - East Dunbartonshire Council. The amenities offered by Bearsden and Milngavie are immediately to hand and include supermarket shopping, banks, Post Office, professional offices, specialist shops, churches, local bus services and a rail station in Milngavie with regular services to and from Glasgow city centre. T he recreational amenities in the local area are amongst the best in Scotland including sailing on Bardowie Loch, Milngavie and Bearsden sports Club with extensive facilities, Milngavie Swimming Pool, The Allander Leisure Centre, country parks and attractive countryside for outdoor pursuits. Glasgow City Centre is only a short distance away offering superb shopping, leisure and business facilities.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2029
Rent: 32,500 per year / 2,708 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes: Leased to Boots UK Ltd ( C.H Reg No 00928555 ) for a period of 10 years from 5th February 2019 on full repairing and insuring terms at a passing rent of 32,500 per annum.

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Location

Pricing Information & Bidding

Guide Price: £465,000


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: 09 December 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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