419 Shields Road, Glasgow, G41 1NY

Description
The subjects comprise a mid-terraced single retail unit forming part of the ground floor of a three storey blonde sandstone tenement property under a pitched and slated roof. The upper floors appear to be residential in nature.

The glazed single frontage with recessed glazed entrance door opens onto the ground floor retail area. The ceilings in the main sales area are of suspended tile and incorporate LED box lighting. The walls are covered in wallpaper and the floor is covered in laminate. A comprehensive range of floor and wall mounted fixtures and fittings are included with the business.

A separate treatment room to the rear is accessed off the main sales area in addition to a WC and kitchenette.

Location
Pollokshields, which is a conservation area dating back to Victorian times, is located on the south side of Glasgow, approximately 3 miles south west of the City Centre. The subject property is situated on the east side of Shields Road close to it's junction with McCulloch Street.

Excellent public transport links are available nearby with frequent bus services operating on St. Andrews Drive and Shields Road Subway Station is within easy reach taking less than 10 minutes’ walk.

Nearby occupiers include Pepe’s Piri Piri, Ladbrokes and Spar.

The Business
Neda Beauty & Nails trades as a ladies hair and beauty salon. The business has been established over 3 years and is currently generating c. £3,000 per week in retail sales with 3 staff.

The business trades Tuesday to Saturday 10:00am to 7:00pm and 11:00am to 6:00pm on Sunday.

The current operators have decided to sell the business due to a change in circumstance, thus creating an exciting self-employment opportunity. The operation prides itself on the personal touch and this would be vital for any new owner to have the same ethos and outlook.

The bespoke service the current operators provide is reflective of the success of the business and in turn, the return custom.

We have been advised that all fixtures and fittings are owned outright and included within the goodwill purchase price.

Tenure
The lease is available by way of assignation, for the residual term of the lease, which expires in January 2035. The current rent is £6,000 per annum. The rent is subject to an open market rent review in July 2028 and then 3 yearly. There may be the option to extend the lease, subject to approval.

Premium
Offers over £35,000 are sought for our client’s leasehold interest in the property including the goodwill of the business, fixtures, fittings and stock.

Rateable Value
According to the Scottish Assessors Association, the subjects have a Rateable Value of £4,100 effective from 1st April 2023. The occupier may be eligible for rates relief, subject to status.

EPC
A copy of the Energy Performance Certificate (EPC) is available upon request.

VAT
The subjects are not elected for VAT.

What3words
dish.deflection.boxer