The subjects comprise a ground and basement retail unit within a three storey and basement tenement building of sandstone and brick construction. The frontage comprises double glazed PVC framed windows with a central single PVC framed and partially glazed entrance door, all protected by roller shutters.
Internally, the subjects are situated over ground and basement. The ground floor has a separate office, an open plan area with kitchen facilities and single toilet to the rear.
The basement is accessed via a timber stairway at the rear of the ground floor. The basement is predominantly open plan with storage shelving sections. There is also a further toilet situated to the rear.
The premises have been fully upgraded to a high standard by the existing tenant.
Location
The subjects are located on the north side of Cochrane Street, close to its junction with Main Street (A738) to the south, within the town of Barrhead, lying approximately 10 miles south west of Glasgow City Centre. The unit is well positioned to benefit from public transport links, with numerous bus services running along Main Street and Barrhead train station situated a short distance away.
Accommodation
In accordance with the RICS Code of Measuring Practice, we calculate the net internal area of the property to be as follows :-
Ground Floor - 510 sq.ft. (47.38 sq.m.)
Basement - 435 sq.ft. (40.44 sq.m.)
Total - 945 sq.ft. (87.82 sq.m.)
Terms
Tenure :
The property is held on a heritable title (Scottish equivalent of English freehold).
Tenancy :
The subject premises are let to Compass (Barrhead) Limited on a full repairing and insuring basis for a period of 10 years from 18 June 2014 to 17 June 2020. The current rent is £XXX per annum, increasing to £XXX per annum with effect from 17 June 2016 until lease expiry.
Rateable Value:
The property is entered in the Valuation Roll with a current Rateable Value of £XXX effective from 1 April 2010. The current rate poundage in Renfrewshire is XXX.
Planning :
The property has planning consent for Class 2 office use and Class 1 consent under permitted development.
Price :
Offers in excess of £XXX are invited for the freehold interest in the property.
VAT:
The property is not VAT elected and therefore no VAT is payable.
EPC:
The Energy Performance Certificate for the property can be made available on request.
Legal Costs :
Each party will be responsible for payment of their own legal costs incurred in the transaction.
Specification
- Small Office / Retail Investment
- Fully upgraded to a high standard
- FRI lease expiring 17 June 2020
- Passing rent £XXX per annum rising to £XXX per annum
- VAT free investment