Shop for sale

83 Bowman Street, Glasgow, G42

Offers in Excess of £90,000
850 sq. ft.

Property Description

Commercial information

  • Use class orders: A1 Shops

Key features

  • SIZEABLE SHOP UNIT WITH MODERN DISPLAY FRONTAGE AND ELECTRIC SECURITY SHUTTERS
  • NEW FLOOR INSTALLED TO FRONT SALES AREA
  • FRONT SALES, SECONDARY SALES AND BACK SHOP INCLUDING KITCHEN, STORAGE AND TOILET
  • LOCAL AREA WITNESSING A RESURGENCE
  • VAT AND LOCAL AUTHORITY RATES EXEMPT
  • AVAILABLE TO LEASE OR PURCHASE
  • RENTAL OFFERS OVER £9k PA INVITED
  • PURCHASE PROPOSALS OVER £90k INVITED
  • 68.79 SQ.FT (740 SQ.FT) NET INTERNAL AREA

Full description

Tenure: Freehold

Location
The subjects are positioned to the north side of Bowman Street, immediately to the west of its intersection with Victoria Road, in the Govanhill district of Glasgow.

Govanhill is situated to the south of the River Clyde between the Gorbals, Pollokshields, Strathbungo, Crosshill an Queen’s Park.

Located within this central and popular locale, the property is well placed for a host of public transport links with regular bus and rail services available on the nearby Victoria Road and Queens Park railway station.

A plethora of local shops, supermarkets, restaurants and convenience stores are also readily available whilst a number of excellent recreational pursuits are also easily accessible with nearby Queens Park being within an approximate five minute average walk.

Description

The subjects comprise a shop unit occupying part of the ground floor of a traditional 4 storey, blonde sandstone tenement building.

The subjects are neighboured either side by commercial uses whilst the upper floors are in flatted residential dwelling use.

Beyond a traditional frontage incorporating a display window and access door (both protected by electric security shutters), the subjects are laid out to provide a mains sales area to the front, with a secondary sales/storage area, kitchen and toilet to the rear.

The subjects are arranged over ground floor only and with the exception of decorative enhancements, would be fit for immediate occupation.

Floor Areas

According to our measurements, we calculate the subjects to extend to a net internal area of approximately 68.79 sq.m (740 sq.ft), over ground floor.

Planning

The subjects have consent for use as a shop under Class 1 (retail) consent, however we believe they may suit alternative uses such as professional services, medical/surgery use or food and drink either as a takeaway or a café.

Our client would be open to such alternative uses being explored by interested parties however we would recommend that such discussions are initiated with Glasgow City Council, Planning Department, in advance of detailed lease negotiations.

Lease Terms

Our client is seeking to let the subjects on the basis of new Full Repairing and Insuring lease, subject to standard commercial terms and for a period of preferably not less than 5 years.

Any lease contract entered into will be conditional upon the tenant agreeing to either a 3 month rental deposit or a personal guarantee.

Subject to satisfactory lease terms and security requirements being met, incentive packages including rent free will be duly considered.

Rental Terms

Our client is seeking rental offers in excess of £9,000 per annum.

The rent will be collected quarterly in advance by direct debit or standing order.

Purchase Price

Our client may also consider proposals to purchase the freehold interest in the subjects and in this regard, offers in excess of £90,000 are invited.

VAT

We are advised by our client that the subjects have not been opted for tax and accordingly, VAT will not be chargeable on the rental or purchase price.

Rating Assessment

From reference to the Scottish Assessors Association website, the subjects are entered into the current Valuation Roll with a Rateable Value of £3,800.

Under the terms of the Small Business Bonus Scheme, the subjects qualify for full rates exemption, however an application will need to be made by the tenant.

Further information can be obtained from the Scottish Assessors website at www.saa.gov.uk or by contacting Glasgow City Council, Non Domestic Rates Department.

Energy Performance

The subjects have been assessed in terms of their energy efficiency and a copy of the Energy Performance Certificate (EPC) can be provided on request.

Legal Costs

Each party shall be responsible for their own legal costs incurred in concluding a contract, including any Registration Dues and/or Stamp Duty Land Tax payable.




More information from this agent

Nearest stations

  • Queens Park (Glasgow) (0.1 mi)
  • Pollokshields East (0.3 mi)
  • Pollokshields West (0.4 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Queens Park (Glasgow) (0.1 mi)
  • Pollokshields East (0.3 mi)
  • Pollokshields West (0.4 mi)
Distances are straight line measurements from centre of postcode

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