Excellent investor opportunity which offers an impressive current yield of over 9% against guide price and a current lease which runs to 28/07/23. The premises are currently being used as a ladies and gents hair salon with beauty treatment area at the rear. The property itself is a single retail unit with timber single glazed frontage and recess into front entrance door with roller shutters. Internally, there is the main sales floor with a small kitchen area at the rear and a back of house which is being used as a beauty therapy room. Early viewing is strongly advised to fully appreciate the fantastic opportunity on offer.
Long term tenant
Excellent potential yield of over 9%
Rateable value £3,700 pa
The business is located in Glasgow's South Side which is well-placed for a host of local amenities including a wide range of shops, bars, cafes and restaurants leading to a good level of footfall and repeat local customers.
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.