73 St. Georges Road Glasgow G3 6JA
£203.35 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
836 sq ft
78 sq m
- SECTOR
Shop for sale
Key features
- PRIME NEW LISTING. We are excited to present this Tenanted Commercial unit located within a prime location in Glasgow.
- Currently producing £1,416.67 per month, which is £17,000.04 per annum.
- The property is currently tenanted at £1,416.67 per month with a rent review scheduled in three years, providing an immediate income stream from day one.
- This is a turnkey shop investment with approximately 6 years remaining on the occupational lease, and with the backing of two guarantors, offering reassuring security of income.
- The shop is presented in great condition throughout, helping to minimise immediate expenditure for the incoming owner.
Description
- PRIME NEW LISTING. We are excited to present this Tenanted Commercial unit located within a prime location in Glasgow.
- Currently producing £1,416.67 per month, which is £17,000.04 per annum.
- The property is currently tenanted at £1,416.67 per month with a rent review scheduled in three years, providing an immediate income stream from day one.
- This is a turnkey shop investment with approximately 6 years remaining on the occupational lease, and with the backing of two guarantors, offering reassuring security of income.
- The shop is presented in great condition throughout, helping to minimise immediate expenditure for the incoming owner.
PRIME NEW LISTING. We are excited to present this Tenanted Commercial unit located within prime location in Glasgow.
The property comprises a convenience store, offering a practical, income producing commercial investment in an established trading position.
The property is currently producing £1,416.67 per month, which is £17,000.04 per annum, making this an ideal turnkey, income producing opportunity for the shrewd investor. Based on current market levels, the unit could potentially support a market rent in the region of £1,500 to £2,000 per month, which is £18,000 to £24,000 per annum, subject to existing tenancy terms, re letting and due diligence.
The property is held on a freehold basis, giving the buyer outright ownership, while benefitting from an occupational lease in place for straightforward management and income collection.
The premises are currently tenanted at £1,416.67 per month, providing a ready made investment with rental income from completion.
The shop is offered as a turnkey commercial unit with around 6 years remaining on the lease and a rent review in 3 years. This helps underpin the investment case with ongoing occupier commitment. Additionally, this lease has support from two guarantors, increasing its security substantially.
The shop is in great condition, presenting well for a buyer seeking a low hassle commercial purchase.
The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.
The rateable value has not been provided, and interested parties should make their own enquiries with the local authority regarding business rates and any available reliefs, subject to eligibility.
The unit extends to approximately 835.7 sq ft, providing a well balanced floor area that is well suited to day to day retail trading.
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.
Glasgow remains one of the UK's strongest commercial centres, underpinned by a diverse economy and consistent occupier demand across retail, office and mixed use space. St. Georges Road sits within an established inner city location, benefitting from strong local footfall and reliable passing trade from surrounding residential neighbourhoods and nearby business activity. The area is well served by road connections into the city centre and wider Central Belt, with convenient public transport options including rail and subway links in the broader vicinity. A well regarded mix of independent operators and national brands helps support sustained demand for well located commercial units, making this a compelling spot for long term investment.
73 St. Georges Road Glasgow G3 6JA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Charing Cross (Glasgow) Station0.1 miles
- St. George's Cross Station0.3 miles
- Cowcaddens Station0.4 miles
Notes
Disclaimer - Property reference 229668808. 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, 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, Glasgow on 0141 673 3554.
*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.”