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Commercial Property for sale

High Street, Glasgow

Under Offer £165,000

Property Description

Full description

Tenure: Freehold

AIA are delighted to present to the market this rare investment opportunity at 129 High Street, Glasgow. The property occupies a prominent position within the Merchant City area of Glasgow and lends itself to a high footfall.

Passing Rent: £14,420 / Annum
Yield: 9%
Lease Type: FRI
Lease Term: 5 Years with a tenant only break option upon the third anniversary.
Size: 824 SqFt (approx.)

The Merchant City is Glasgow's historic heart. In recent years the area has witnessed a remarkable rebirth with previously redundant sites and buildings now housing cutting edge theatres and galleries, interspersed with shops, bars, cafes and restaurants. The area is now considered to be an established and vibrant evening entertainment circuit, attracting a broad customer base.

The upper floors of the building are occupied for residential use, and a variety of retail / professional occupiers are in a close proximity to the property.

The subject property comprises a mid-terraced ground floor retail unit with a street level entrance doorway offering access to the main retailing space.

From reference to the Scottish Association Assessor's website, the subjects are noted to have a Rateable Value of £12,100

for further information or to arrange a viewing please contact:

Oliver Wright

0141221 2600

Identification will be required from interested persons/ parties at a later stage in line with Money Laundering Regulations. We aim to for property particulars and sales adverts to be fair, accurate and reliable however they are only a general guide and encourage interested parties to clarify any points of importance with us. Sizes are approximate and indented for general guidance only. We recommend interested persons/ parties to check the services, equipment or appliances in the property before making a formal offer. These particulars do not constitute representation of fact or form part of any offer or contract. The information referred to in the these particulars should be verified by prospective buyers or tenants. AIA Real Estate Ltd nor its employees or agent have the authority to give any warranty in relation to this advert .

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