Substantial Funeral Director Investment | Held on 15yr FRI Lease Lease Increasing to £47,000p.a. in 2026 | Fixed Compounded Rent Reviews
Summary
- Highly prominent site at the junction of Dumbarton Road and Great Western Road(A82) in the Clydebank area of Greater Glasgow
- Proposed Full Repairing and Insuring lease, subject to a Schedule of Condition, to The Independent Family Funeral Directors Ltd trading as Fosters Family Funeral Directors
- The lease is for a period of 15 years subject to a tenant’s only break option at the end of year 10
- Rent going to £47,000p.a.x in 2026 with the benefit of 5 yearly uplifts linked to CPI, capped and collared between 3% and 1% per annum, compounded annually
- The property extends to a gross internal area of 3,637 sq ft on a site of 0.48 acres with customer parking for 19 cars
- Price: o/o £625,000
Location
Situated in the Duntocher area of Clydebank, part of Greater Glasgow, the property occupies a very prominent corner site fronting onto the A82 Great Western Road. This is a main arterial road traffic route linking Glasgow’s West End to Dumbarton and onwards to Loch Lomond and the west coast of Scotland.
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Mainline Stations
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Dalmuir15 mins
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Kilpatrick23 mins
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Singer24 mins
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Clydebank33 mins
Underground Station
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Chesham6376 mins
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Amersham6415 mins
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Chalfont and Latimer6440 mins
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Chorleywood6472 mins
Further Information
Price Offers in excess of £625,000
Rates Payable Upon Enquiry
Description
The property extends to a gross internal area of 3,637 sq ft on a site of 0.48 acres with customer parking for 19 cars.
Formerly an MOT car service centre, a change of use was granted in September 2018 for Class 1 – Funeral Directors. Our client subsequently undertook a substantial refurbishment and fit out of the building to create the current configuration
The property is held on a full repairing and insuring head lease for 15 years, from 7th October 2021, subject to a tenant only break option at the end of year 10 exercisable on not less than 6 months written notice. The current passing rent is £40,000 per annum (£11.00 per sqft) with the benefit of 5 yearly uplifts linked to CPI, capped and collared between 3% and 1% per annum, compounded annually. The next review will result in a rent increase to £47,000p.a from October 2026
The lease is held by the main operating company within the group, The Independent Family Funeral Directors Ltd trading as Fosters Family Funeral Directors. The lease will be subject to a Schedule of Condition to document its current condition. The repairing clause is restricted so that the tenant is not obliged to put the premises into any better condition than as evidenced in the Schedule of Condition.
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