The premises comprise a modern single storey retail warehouse unit with sales and storage accommodation on ground floor and a small internal mezzanine office. The unit benefits from full width glazed frontage to Clarkston Road, a sizable rear service yard and car park, access to which is off Cairndow Avenue at the rear of Bank of Scotland.
Location
Clarkston is one of the more desirable residential suburbs of Glasgow and is located roughly 2 miles south of the city centre. Clarkston Road is one of the main vehicular routes into Glasgow city centre from the south and, as a result, benefits from a high level of passing trade.
The property is located on the west side of Clarkston Road between Muirend Road to the north and Merrylee Road to the south. Nearby retail occupiers include Bank of Scotland, Knox Opticians, Ashoka Southside, The Bank public house and Sainsbury’s.
Accommodation
The unit benefits from the following net internal areas:
Ground Floor (sales/storage) - 4,472 sq ft
Mezzanine (offices) - 153 sq ft
Total - 4,625 sq ft
Terms
Tenure - The property is held on a Heritable title (Scottish equivalent of English Freehold). 310 Clarkston Road, Glasgow, G44 3EG
Tenancy - The property is leased to Bathstore.com Ltd under a Full Repairing & Insuring (FRI) Lease expiring on 21st December 2020. The current rent is £XXX per annum, which reflects a rate of £XXX psf overall.
Planning - The property has planning permission for use as a Class 1 retail outlet. Subject to obtaining the necessary statutory consents, we feel that the property has a future potential for food retail use or for redevelopment as residential.
EPC - The property has an EPC rating of E. VAT We are advised by our clients that the property is elected for VAT and, therefore, it is anticipated that the sale will be treated as a Transfer of Going Concern (TOGC).
Specification
- Well let investment opportunity within affluent Glasgow suburb
- Extremely prominent retail unit
- Let to Bathstore.com Ltd until 21st December 2020
- Rent of £XXX per annum (£XXX psf overall)
- 429.67 sq m (4,625 sq ft) net internal area with considerable private parking area to the rear
- Class 1 retail consent with future development potential
- Our client is seeking offers in excess of £XXX exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.4%, allowing for standard purchaser’s costs of 5.8%