For Sale By Auction | 14:00, 27 June 2019

55, Main Street, Bridgeton, Glasgow, Glasgow, G40 1QB

*Guide | £35,000+ (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 27/06/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

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.

Tenure

Freehold

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.

Area

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.

Local Authority

Glasgow City Council

Additional Fees

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.