The premises comprise a retail unit formed over part of the ground floor and basement of a traditional red sandstone tenement building, the upper floors of which are in residential use.
The traditional timber framed and glazed frontage is protected with an external roller security shutter. Once inside the shop, the ground floor is given over to retail space at the front and a small office and single wc compartment towards the rear.
Hatch access leads to a substantial full height basement suitable for workshop and storage purposes.
Location
Cathcart Road is a busy thoroughfare running through the Mount Florida suburb of Glasgow. The stretch on which these premises sit lies between Somerville Drive and Carmunnock Road, immediately to the south of Scotland’s National Staium, Hampden Park.
At this point, Cathcart Road is home to a vibrant mix of independent retailers including cafes, estate agents and opticians.
Accommodation
Measured in accordance with the RICS Code of Measuring Practice (6th edition) we calculate the premises to have the following floor areas:
Ground Floor: 39.00 sq m (420 sq ft)
Basement: 45.41 sq m (489 sq ft)
Net Internal Area: 84.41 sq m (909 sq ft)
Terms
The Business and Retirement
Our clients have operated from the premises for the past 40 years offering a domestic appliance repair service. The shop operates as a general hardware store offering key-cutting, ironmongery sales and jobbing general contractors’ services to the surrounding community.
The business may be of interest to individuals looking to benefit from the stock, goodwill and fixtures & fittings to continue these operations in the locale.
Rating
The premises are entered on the current Valuation Roll with a NAV/RV of £XXX
The Uniform Business Rate for 2016/17 is £XXX giving a Rates Payable figure of £XXX for the year.
With the Rateable Value at this level, qualifying occupiers can apply for the Small Business Bonus Scheme that can reduce the Rates Payable figure to £XXX
Energy Performance Certificate - G
Terms
Our clients are offering the premises on a new full repairing and insuring lease of flexible duration at an initial rental of £XXX per annum.
Alternatively, our clients may consider a sale of the business to include all stock, goodwill, fixtures & fittings at a price to be agreed. For further detail on this, please contact us.
VAT
VAT will be chargeable on rent and all other outgoings associated with the premises.
Legal Expenses
Each party will meet their own legal expenses incurred in connection with the transaction, with the incoming occupier meeting the costs of any Land and Buildings Transaction Tax and Registration Dues that may be payable.
Entry
Immediately available on date of settlement.