Townhead, Glasgow, G66

Town Centre Location
Located At Busy Traffic Lights
Rear Parking
Rates Exempt
Held On F.R.I Lease
Expiry 2035
Passing £8,000p.a.x.
Price: o/o £69,000

Location

The property is situated on the east side of Townhead at its junction with Industry Street and Parliament Road within the town centre of Kirkintilloch.

Kirkintilloch is in East Dunbartonshire, approximately 9 miles North East of Glasgow, via the M80. Other major centres in the Region include Bishopbriggs (4 miles away) and Cumbernauld (8 miles). The resident population is approximately 20,000 and Kirkintilloch is the administrative centre for the East Dunbartonshire Council.

Property

The property is within a modern mixed development surmounted by a pitched roof with common parking to the rear. The property benefits from a single display window with single door entrance having each been renovated by the existing tenant.

Internally the property offers open plan retailing space with partitioned w.c and tea prep to the rear along with back door leading to a common car park.

Lease Summary

The property is let on a full repairing and insuring head lease on a personal name expiry in 2035 with tenant break in 2030 at a passing rent of £8,000p.a.x. The landlord holds a deposit of £2,000 with the unit extending to 555sq ft

Sale

The property is available on a freehold basis for £80,000

V.A.T.

Our client has opted to waive exemption for V.A.T. The transaction will be treated as a Transfer Of a Going Concern (ToGC)

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