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Commercial Property for sale

247-255, Springburn Way, Glasgow, G211DX

Guide Price £212,500

Property Description

Key features

  • PRIME COMMERCIAL INVESTMENT let to 'TSB BANK PLC' for 10 years from 25/12/2014 until 24/12/2024 on a full repairing and insuring lease 17,500 PER ANNUM (Dec 2019 rent review) ***Next to LLYODS PHAR
  • Super location Located opposite The Springburn Shopping Centre. Nearby occupiers include Betfred, Greggs, B&M Bargains and Card Factory. The property comprises a ground floor banking hall with basemen
  • SUPER COVENANT For the year ending 31st December 2016, TSB Bank Plc reported pre-tax profits of 182,300,000 and a total net worth of 1,879,200,000 (Source: Experian Group 14/09/2017). TSB has a cust
  • The TSB is the seventh largest retail banking group in the UK by branch network (Source: www.tsb.co.uk 14/09/2017). REFURBISHED PROPERTY - EXCELLENT SIZE RECENTLY RE-FITTED UPGRADED.
  • The TSB have occupied the property for over 20 years and this offers a rare bank investment VAT FREE ***NO VAT PAYABLE ON PRICE.***

Full description

RARE BANK INVESTMENT. The TSB have occupied the property for over 20 years and this offers a rare bank investment VAT FREE ***NO VAT PAYABLE ON PRICE.*** PRIME COMMERCIAL INVESTMENT let to 'TSB BANK PLC' for 10 years from 25/12/2014 until 24/12/2024 on a full repairing and insuring lease £17,500 PER ANNUM (Dec 2019 rent review and tenant break option.) ***Next to LLYODS PHARMACY, Ladbrokes, Rowlands Pharmacy facing Shopping Centre entrance' .**** Super location Located opposite The Springburn Shopping Centre. Nearby occupiers include Betfred, Greggs, B&M Bargains and Card Factory. The property comprises a ground floor banking hall with basement office and ancillary accommodation which forms part of a larger three storey building. BANKING HALL 1540 SQ FEET. BASEMENT OFFICE 540 SQ FEET. SUPER COVENANT For the year ending 31st December 2016, TSB Bank Plc reported pre-tax profits of £182,300,000 and a total net worth of £1,879,200,000 (Source: Experian Group 14/09/2017). TSB has a customer base of 4.5 million retail customers and comprehensive product and distribution capability, including 550 branches. The TSB is the seventh largest retail banking group in the UK by branch network (Source: www.tsb.co.uk 14/09/2017). REFURBISHED PROPERTY - EXCELLENT SIZE RECENTLY RE-FITTED UPGRADED. Ideal long term investment. SUPER FRONTAGE. Phone or submit an enquiry form to get the full Auction Catalogue and further details regarding this sale. Future Property Auctions, Scotland's Largest Land and Property Auctioneer.


Nearest stations

  • Springburn (0.1 mi)
  • Barnhill (0.4 mi)
  • Ashfield (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Future Property Auctions, Glasgow

241 Kilmarnock Road Glasgow G41 3JF

0141 632 6599 Local call rate

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Map & Street View

Nearest stations

  • Springburn (0.1 mi)
  • Barnhill (0.4 mi)
  • Ashfield (0.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Future Property Auctions, Glasgow

241 Kilmarnock Road Glasgow G41 3JF

0141 632 6599 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.

Disclaimer - Property reference 3113040. 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 Future Property Auctions, 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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