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Retail Property (high street) for sale

437 Victoria Road, Glasgow, G42

Offers Over £140,000
623 sq. ft.

Property Description

Commercial information

  • 623 sq ft (57 sq m)

Key features

  • Let to Oxfam plc (in occupation since mid 1990's)
  • Lease expires 22 August 2022
  • Passing rent of 11,000 per annum
  • VAT free investment
  • Offers over 140,000 invited.
  • Net initial yield of 7.2%
  • Great opportunity to acquire a well let investment with just under 5 years unexpired.

Full description

Subjects are situated on east side of Victoria Road, between junction of Allison Street and Dixon Avenue and 1.5 miles south of Glasgow.

Located on a busy retail parade, other occupiers include Sainsbury's Local, Bank of Scotland, William Hill, Tesco Express and Home Hardware.

Ground floor unit consisting of a front sales area with storage area to the rear. The property forms part of a larger tenemental Grade B listed building. Total net area is 623 sq.ft.

Leased to Oxfam on a FRI lease from expiring 22 August 2022. Current passing is 11,000 p.a.

Offers over 140,000 are invited. The property is not elected for VAT, therefore this is a VAT free investment.

Viewing - by contacting the selling agent, Neil Munro, Neil Munro Property Consultancy.

More information from this agent

Map & Street View

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