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38-42 Busby Road, Glasgow, G76

£440,000

£257.16 per sq ft

Business rates & charges may apply

TSA Property Consultants Ltd, Glasgow
SIZE AVAILABLE

1,711 sq ft

159 sq m

SECTOR

Out-of-town retail property for sale

USE CLASSUse class orders: A1 Shops

A1

Description

Rarely Available Freehold Opportunity
Ground & 1st Floor
1,711sq ft
Held On FRI Lease To Cancer Research
Tenant In Situ Since 1988
Lease Extended to July 2029
Headline Rent: £39,195p.a.x
Price: £440,000

Location

The property is situated on the west side of Busby Road close to its junction with Busby Road roundabout linking Eaglesham Road.

Busby Road is one of the arterial routes within the south side of Glasgow, linking Clarkston with Giffnock, Busby and East Kilbride. Busby Road forms the main shopping thoroughfare in Clarkston with various multiple occupiers in the vicinity including Tesco, PDSA, Shelter, Pizza Hut, Betfred, Boots & Costa Coffee

Property

The property forms a mid terraced commercial space with prominent glazed frontage surmounted by a pitched roof.

The property is accessed via recessed double door entrance presenting an open plan retailing space internally.

The property has been renovated to a high standard with suspended acoustic ceiling tiles with L.E.D panels therein additionally the property offers a first floor area, currently utilised for storage. The property benefits from a rear exit to a common loading yard shared with the neighbouring occupiers.

Area

Ground: 120.48sqm (1,297sq ft)
1st: 38.52sqm (414sq ft)

Total: 159sqm (1,711sq ft)

Lease Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Cancer Research Uk Ltd
Expiry: 13th July 2029 (in situ since 1988)
Passing Rent: The headline rent agreed is £39,195pa and the tenant was granted 9 months rent free to be amortised over the 6 year lease period.

The current rent payable is £34,296.62pa for the duration of the lease.

Further Info: Cancer Research UK Ltd is a subsidiary of Cancer Research UK, a major cancer research and awareness charity based in the UK. The subsidiary is involved primarily in trading activities, such as running shops and other revenue-generating initiatives, the profits of which are donated to the charity to support cancer research. In the latest available financial report for Cancer Research UK, the charity's total income for the 2022/2023 financial year was approximately £670 million

Price

The property is available on a freehold basis for £440,000

E.P.C

Available on request

V.A.T

Prices quoted are exclusive of V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time

Brochures

38-42 Busby Road, Glasgow, G76

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Clarkston Station0.1 miles
  • Williamwood Station0.6 miles
  • Busby Station0.9 miles

About TSA Property Consultants Ltd, Glasgow

162 Buchanan Street, Glasgow, G1 2LL

Notes

These notes are private, only you can see them.

Disclaimer - Property reference CRUKBUSBYINV. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by TSA Property Consultants Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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