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

18, Westmuir Street, Glasgow, G31 5BH

*Guide | £65,000+ (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

Commercial Retail Unit

Excellent opportunity for prospective commercial landlords to purchase a retail unit in an area of high football in Glasgow's East End. The unit is currently leased as a newsagent with 5 years remaining with an agreed £6,600 p.a. If purchased at guide price a healthy return of 10% can be expected. Commercial units in the area tend to move quickly so early interest is encouraged.

Tenure

Freehold

Close to Glasgow city centre

5 year lease remaining at £6,600 p.a.

Single fronted shop unit

Factored by local housing association

Rateable value of £5,100 p.a.

63.27 sq.m unit

Area

Westmuir Street lies some 2.5 miles east of Glasgow City Centre in the Parkhead area. Running north-east from Parkhead Cross, Westmuir Street is a busy thoroughfare which links through to Shettleston Road. The subjects are located to the southmost side of Westmuir Street, close to Gallowgate and Tollcross Road and approximately 3 miles to the east of Glasgow City Centre. The surrounding area is one of mixed commercial and high-density residential uses providing local trade in the area. Occupiers within the vicinity include Council Finance Offices, Boots, Farmfoods, William Hill, Greggs and a good selection of independent traders which appear to be generally actively occupied. Some limited on street parking is available and there is further parking available on the side streets.

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.