176-178 Gallowgate, Glasgow, G1 5DR
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- We are excited to bring to market this Tenanted Commercial Investment Opportunity located within a prime location in Glasgow- ***Guide Price £85,000***
- For rental purposes, the property is currently tenanted at £900 PCM (£10,800 PA), which provides an excellent 12% yield if achieved for guide price of £85,000 ***FANTASTIC YIELDING INVESTMENT***
- The property is leased under a 10-year FRI lease, effective from 20th November 2023 until 20th November 2033, with a tenant-only break option on 20th November 2028. Current Passing Rent: £10,800 p.a
- Fantastic Opportunity for Commercial investors looking for an affordable commercial premises in a busy location with high yield potential
- Property is situated on a busy street in Glasgow city, benefiting from large footfall traffic - ***PRIME COMMERCIAL INVESTMENT LOCATION***
Description
- We are excited to bring to market this Tenanted Commercial Investment Opportunity located within a prime location in Glasgow- ***Guide Price £85,000***
- For rental purposes, the property is currently tenanted at £900 PCM (£10,800 PA), which provides an excellent 12% yield if achieved for guide price of £85,000 ***FANTASTIC YIELDING INVESTMENT***
- The property is leased under a 10-year FRI lease, effective from 20th November 2023 until 20th November 2033, with a tenant-only break option on 20th November 2028. Current Passing Rent: £10,800 p.a. (no VAT on the rent)
- Fantastic Opportunity for Commercial investors looking for an affordable commercial premises in a busy location with high yield potential
- Property is situated on a busy street in Glasgow city, benefiting from large footfall traffic - ***PRIME COMMERCIAL INVESTMENT LOCATION***
We are excited to bring to market this Tenanted Commercial Investment Opportunity located within a prime location in Glasgow- ***Guide Price £85,000***
Property comprises: Large sales area, Kitchen area, WC and Storage area
***FANTASTIC YIELDING INVESTMENT***
For rental purposes, the property is currently tenanted at £900 PCM (£10,800 PA), which provides an excellent 12% yield if achieved for guide price of £85,000
The property is leased under a 10-year FRI lease, effective from 20th November 2023 until 20th November 2033, with a tenant-only break option on 20th November 2028. Current Passing Rent: £10,800 p.a. (no VAT on the rent)
Fantastic Opportunity for Commercial investors looking for an affordable commercial premises in a busy location with high yield potential
Property is situated on a busy street in Glasgow city, benefiting from large footfall traffic - ***PRIME COMMERCIAL INVESTMENT LOCATION***
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Glasgow, Scotland's largest city, offers outstanding investment opportunities driven by its dynamic economy, strategic location, and continuous development. Known for its diverse economy, Glasgow excels in finance, technology, life sciences, and creative industries, supported by a strong talent pool from leading universities like the University of Glasgow. The city benefits from excellent connectivity with major motorways, extensive rail networks, and an international airport, ensuring seamless access to domestic and international markets. Ongoing regeneration projects, such as the Glasgow Riverside Innovation District and the redevelopment of the city centre, enhance infrastructure and attract business growth. With a vibrant cultural scene, a highly skilled workforce, and strong community initiatives, Glasgow stands out as an ideal destination for investors seeking opportunities in a thriving, forward-looking city
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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176-178 Gallowgate, Glasgow, G1 5DR
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About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
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Visit our security centre to find out moreDisclaimer - Property reference 212442506. 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 Prime Property Auctions (Scotland) 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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