Tenanted Commercial Property LOT 120

868 Shettleston Road, Glasgow, G32 7XL
OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

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

Description

Full Address: 868 Shettleston Road, Glasgow, G32 7XL

Tenanted Commercial Unit with corner frontage and open aspects. PROMINENT TAKE AWAY HOT FOOD CAFE on HIGH FOOTFALL trading parade. RENTAL - 3 years FRI lease with rental 10,400 per annum.

Comprises - Main Entrance with roller shutter access into shop floor with customer service area, rear stock room, W.C, commercial kitchen and staff area. BUY TO LET PURCHASE WITH SUPERB FRONTAGE.

Nearby occupiers. JOB CENTRE PLUS, Ladbrokes, Blacks and Lizars, Betfred and Smile Dental Care with a catchment population of 100,000 people. Walking distance to Shettleston railway station. Great spot.

Ideal purchase for Landlord looking to increase their commercial portfolio. RENTAL AGREEMENT SIGNED JANUARY 2022 UNTIL JANUARY 2025. Benefits DUAL ASPECTS ONTO Wellshot Road and Shettleston Road.

Shettleston Railway Station is located within walking distance north of the subjects. M8 motorway access is available via Junction 11 north whilst the M74 is accessible via Junction 2A south. Glasgow City Centre LESS THAN 10 minutes

Substantial 813.96 SQ FT DUAL ASPECT COMMERCIAL PREMISES within popular trading parade. CURRENTLY OCCUPIED ON NEW LEASE TERMS: LEASE TERMS: Three Year rental agreement signed January 2022 until 2025 (no break option) with annual income of 10,400 paid monthly. PREMISES COMPRISE: Main Entrance with roller shutter access into shop floor with customer service area, rear stock room, W.C, commercial kitchen and staff area. BUY TO LET PURCHASE WITH SUPERB FRONTAGE. Other occupiers in area include Job Centre Plus, Blacks and Lizars opticians, Ladbrokes, TSB Bank and Smile Dental Care with a catchment population of 100,000 people. Walking distance to Shettleston railway station. Ideal purchase for landlord looking to increase portfolio. RENTAL POTENTIAL - 11,000 per annum (916.67 pcm).

Shettleston Railway Station is located within walking distance north of the subjects. M8 motorway access is available via Junction 11 north whilst the M74 is accessible via Junction 2A south. Glasgow City Centre LESS THAN 10 minutes and super motorway access. Ideal long term growth location.

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 3 year
Rent: 10,400 per year / 867 per month
Yield: 10% (approx)
Tenant: Private Individual
Notes: 3 years FRI (Full Repairing and Insuring) lease agreement with rental income agreed at 10,400 per annum.

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Location

Pricing Information & Bidding

Opening Bid: £88,000

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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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