Trade Counter for sale

Old Coach Road, Glasgow, G74

Under Offer £300,000
5,578 sq. ft.

Property Description

Commercial information

  • Business for sale
  • 5,578 sq ft (518 sq m)
  • Use class orders: B2 General Industrial

Key features

  • Prominent roadside location
  • Detached garage property with GIA of 518 sq.m (5,578 sq.ft)
  • Site of 0.19 Ha (0.47 Ac) with future development potential
  • Let to Willie McLernon Autocare Ltd (t/a Farmer Autocare)
  • 25,000 p.a.x until 5th January 2029
  • Offers over 300,000 are invited
  • Net Initial Yield 8.07%

Full description

Old Coach Road is a main thoroughfare within East Kilbride, a
short distance south of the Whirlees Roundabout, west of the
East Kilbride Expressway and approximately mile from the
Town Centre. The area is mixed commercial and residential
in its nature.

East Kilbride is the largest town with the South Lanarkshire
region having a resident population of over 75,000 persons.
The town lies around 10 miles south east of Glasgow and has
excellent road links lying at the convergence of the A725 and
A726 road links, with nearby connections on to the M74, M73,
M8 and M77 motorways.

The subjects comprise a garage and workshop premises with
large private car parking area formed within a regular shaped,
roadside site.

The buildings on site are of single storey and have been built
over a number of phases with the front section comprising a
former showroom and now a main reception with tyre fitting
area, connecting internally to a rear workshop with an eaves
height of 4.3m and vehicle access. A second MOT workshop
is attached with internal eaves of 3.16m and vehicle access
on to the forecourt. Staff welfare accommodation is contained
within the rear building with customer toilets just off the main
reception area.

The yard is concrete and tarmac surfaced with entry and exit
points on to Old Coach Road.

FLOOR AREA
We calculate the property to extend to a gross internal floor
area of 518 sq.m (5,578 sq.ft).

From OS mapping systems, the site extends to an overall
area of 0.19 Ha (0.47 Ac), or thereby.

TENANCY
The property is let to Willie McLernon Autocare Ltd (SC249270)
on an 15 year FRI lease (with a schedule of condition) from
6th January 2014 and expiring 5th January 2029. The passing
rent is 25,000 p.a.x.

COVENANT
Established in 2003, Willie McLernon Autocare Ltd is involved
in the sale of tyres, exhausts and MOTs and currently trades
as Farmer Autocare (www.farmerautocare.com) with outlets in
East Kilbride, Hillington and Paisley. The company Creditsafe
rating is A (Very Low Risk) with a score of 87/100.

PRICE
Offers over 300,000 are invited for our client's heritable
interest, which represents a net initial yield of 8.07% assuming
purchasers costs of 3.3%.

The price is quoted exclusive of VAT although the sale is
expected to complete as a Transfer of a Going Concern
(TOGC).


More information from this agent

Nearest stations

  • East Kilbride (0.3 mi)
  • Hairmyres (1.8 mi)
  • Thorntonhall (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

DM Hall , Glasgow

220 St. Vincent Street Glasgow G2 5SG

0141 392 0859 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • East Kilbride (0.3 mi)
  • Hairmyres (1.8 mi)
  • Thorntonhall (2.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

DM Hall , Glasgow

220 St. Vincent Street Glasgow G2 5SG

0141 392 0859 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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