The property is let on a 26 year FRI lease that commenced in 2009 and expires in September 2025
Summary
- Main arterial route
- VAT free investment
- Income of £10,000 pa
- Offers over £150,000
- Gross Initial Yield of 6.7%
- Rates exempt
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m |
| Ground | 454 | 42.18 |
Location
Glasgow is Scotland’s largest city and is situated in the central belt and on the west coast. There are four main motorways which run through the city putting it at the hub of Scotland’s road network. The town sits approximately 50 miles west of Edinburgh and connects the central belt via the M8 motorway network.
Cathcart is in an affluent suburb located south of Glasgow city centre. The subjects are situated on the eastmost side of Clarkston Road (B762), a short distance to the south of the junction of Rhiannon Road. Clarkston Road is one of the principal arterial routes connecting Glasgow city centre with the affluent suburbs to the south of Glasgow.
Nearby occupiers include Premier Cathcart, McKay Footwear, Vallance Discount Carpets as well as a number of local traders.Cathcart and Kings Park Railway Stations are both located nearby.
Get directions from Google Maps
Mainline Stations
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Cathcart2 mins
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Langside13 mins
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Kings Park13 mins
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Muirend13 mins
Underground Station
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Chesham6194 mins
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Amersham6233 mins
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Chalfont and Latimer6257 mins
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Chorleywood6289 mins
Further Information
Price Offers from £150,000
Description
The property comprises a ground floor retail unit within an end-terraced, blonde sandstone tenement building, under a pitched and slated roof. The building is arranged over 4 floors, providing retail space on the ground floor and residential accommodation above.
Externally, the single fronted shop sits under a non-illuminated fascia board and is accessed via a flush single pedestrian door which leads into the sales area. The door and windows are protected by shutters.
Tenancy
The property is let on a 26 year FRI lease that commenced in 2009 and expires in September 2025. The current rent is £10,000 per annum.
Tenure
Heritable Interest (Scottish equivalent of English Freehold).
Price
Offers over £150,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on the current rent of £10,000 per annum, a purchase at this level would reflect a gross initial yield of 6.7%.
EPC
A copy of the EPC is available upon request.
VAT
The subjects have not been elected for VAT and therefore no VAT will be payable on the sale price.
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