• Scotmid Co-operative Supermarket held on lease till 2029
• Rent of £XXX p.a. currently under review
• FRI lease rent reviews at 5 yearly intervals
• Net internal area 148.39 sq.m (1,597sq.ft) approx
• Initial yield 8.98% with immediate potential uplift
• Energy Performance Rating E
• Offers over £XXX invited
NO LONGER AVAILABLE
Location
The subjects are on the north side of Riddell Street close to its
junction with Kirkoswald Drive in the Drumry/Kilbowie area of
Clydebank which is approximately three quarters of a mile north
of the town centre. Located a short distance to the north is Great
Western Road, the A82 dual carriageway leading from Glasgow
to Clydebank and Dumbarton beyond. The property forms part
of a small neighbourhood centre which serves the needs of the
immediate surrounding area which is largely residential in nature.
Accommodation
DESCRIPTION
The property forms part of a small neighbourhood centre which
comprises the Scotmid Supermarket, a hair salon and a hot food
unit/delicatessen.
The property is single storey, of brick construction and has a
pitched concrete tiled roof. The unit is serviced at the rear from an
access road/yard area and also, at the rear the unit has an enclosed
metal palisade fencing compound for external storage.
Internally, the subjects have a main sales area to the rear of which is
accommodation providing office, storage areas, kitchen and toilet
facilities.
As will be seen from the attached photograph, the subjects are
fitted out to a good standard and heating/air conditioning is via
ceiling mounted cassette units.
FLOOR AREA
In accordance with the RICS Code of Measuring Practice (6th
Edition) we calculate the net internal floor at 148.39 sq.m (1,597
sq.ft) approx.
Terms
SALE TERMS
Offers over £XXX are invited for the purchase of our clients
heritable interest, subject to, and with the benefit of the existing
lease. A purchase at this level would reflect a net initial yield of
8.98% with purchaser’s costs assumed at 2.8%. In the event that
the outstanding rent review was agreed at the proposed figure of
£XXX p.a., then this would provide virtually an immediate uplift to
a yield reflecting 10.47% after costs.
Given the circumstances of this case, our clients are happy toconsider offer proposals that are made subject to survey and are
also submitted on a Heads of Terms basis.
NO LONGER AVAILABLE