Ground floor retail unit
Rare opportunity to purchase a commercial unit within close proximity to Glasgow city centre with a tenant in situ. The subjects comprise a ground floor retail unit within a four storey traditional tenement building. The property currently has a 5 year lease remaining with a return of £4,000 per annum offering prospective purchasers a return on investment of 11.4% if purchased at the current guide. Neighbouring tenants include a mix of independent retailers and the property may suit a variety of uses.
Ground floor retail premises
Close proximity to Glasgow city centre
Unit extends to approximately 33.81 sq.m.
Currently tenanted at £4,000 p.a.
5 year lease remaining
Rateable value of £3,000 p.a.
The subjects are located on the east side of Main Street, between its junctions with Muslin Street and Dalmarnock Road, within the Bridgeton area of Glasgow approximately two miles east of Glasgow city centre. Public transport links including Bridgeton railway station are within walking distance.
Glasgow City Council
Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.