Investment For sale - Single storey ground floor shop
Summary
- Single storey ground floor shop
- £12,000 p.a.
- o/o £120,000, no VAT payable
- FRI lease until 18/3/28
- Densely populated area
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground | 764 | 70.98 | Available |
| Total | 764 | 70.98 |
Location
The subjects are located on the south side of Paisley Road West close to its junction with Cessnock Street, within the populated Cessnock area of Glasgow which lies around 3 miles to the south west of Glasgow city centre. The subjects trade as U-Save Convenience. Other occupiers include Glasgow Barbers, Zam Zam Grill, Tartan Fish & Chips, Lalo Market, Coral and the Co-op. There is on street pay & display parking locally.
The shop is well located for junction J23 of the M8 motorway. The shop is located next to Cessnock Underground Station.
Get directions from Google Maps
Mainline Stations
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Dumbreck11 mins
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Exhibition Centre (Glasgow)16 mins
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Maxwell Park20 mins
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Anderston21 mins
Underground Station
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Chesham6247 mins
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Amersham6286 mins
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Chalfont and Latimer6310 mins
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Chorleywood6342 mins
Further Information
Rates Payable £8,000 per annum
Description
The subjects are located within a single storey terrace under a flat asphalt covered roof.
The premises benefit from an extensive frontage comprising 3 display windows set behind security shutters. The shop is arranged to provide a good sized retail area together with storage and a tea prep and wc to the rear. The floor is concrete with a tile finish, the walls are plaster and lined mostly with slat panelling. There is a suspended ceiling with integrated LED lighting.
PRICE
Our client is seeing offers in excess of £120,000 for their heritable interest, which provides a Net Initial Yield of 9.82%, allowing for purchases costs in the usual manner. We understand the property is not elected for VAT.
Tenancy Details
The premises are leased to Berts Stores Ltd, on full repairing and insuring terms until 18th March 2028, at a rent of £12,000 per annum (£16.69 psf zone A). There is no schedule of condition. The rent was a fixed increase from £10,000 pa to £12,000 pa effective from 18th March 2023, this has only just been implemented.
EPC
A copy shall be provided upon request.
AML
Anti Money Laundering Regulations The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.
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