44-50 Kilmarnock Road, Glasgow, G41

Rarely Available Location
Freehold Investment
No Vacancies
Anchored By Salvation Army & Speed Queen
Passing Rent: £88,000p.a.x.
Net: £85,897p.a.x.
Price o/o £750,000

LOCATION

Glasgow is the largest city in Scotland, with a population of over 635,000. The city has an extensive catchment, with the Greater Glasgow conurbation extending to approximately 2.3 million people within a one-hour drive time, accounting for more than 40% of Scotland's population.
Glasgow is the largest and most significant retail market in the UK outside of London's West End. The city is consistently ranked second in the CACI retail rankings and provides over 5.3 million sq ft of retail space.

SITUATION

Shawlands is a highly sought after and densely populated affluent residential suburb, situated in the heart of Glasgow's Southside, within 7 miles of Glasgow Airport. The area serves as the primary retail, leisure, and cultural centre for the south of Glasgow, with an abundance of quality pubs, restaurants and coffee shops. Kilmarnock Road is the principal retail thoroughfare for Shawlands.

The subject property is located on the northern aspect of Kilmarnock Road, in close proximity to Shawlands Arcade. Nearby occupiers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury's Local, Iceland, Oro Italian Restaurant, and numerous independent bar and restaurant operators

PARADE

The subjects comprise a parade of 4 well-configured unit shops with a combined area of 11,872sq ft. Each demise is arranged over ground floor, with 44 and 46 Kilmarnock Road benefitting from part first floor accommodation to the rear of the property, utilised for staff and storage purposes.
The subjects are accessed via street level, with a single frontage, and have been fitted out and decorated internally to meet each tenant's standard.

The parade also benefits from rear loading from Pollokshaws Road.

Sale

The parade is available on a freehold basis for offers over £750,000

V.A.T.

The property has been elected for V.A.T. as such the transaction may be treated as a T.o.G.C. (transfer of a going concern)

Legal

Each party shall bear their own legal costs incurred in the transaction

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time