• Let to private individual trading as "Ruby Blue Hair & Beauty Salon"
• 15 year FRI lease, expiring 14th May 2025.
• Passing rent of £XXX per annum, subject to 5 yearly reviews.
• Net Internal Area of 66.04 sq.m (711 sq.ft) approx.
• VAT free investment.
• Offers in the region of £XXX reflecting a NIY of 10.88% after costs.
NO LONGER AVAILABLE
Location
The subjects are located on the eastmost side of Kirkintilloch Road (A803) close by its junction with Kenmure Avenue and Crownhill Road within the Bishopbriggs district of Glasgow , approximately 4 miles north of the city centre.
The area is primarily characterised by residential properties, interspersed with commercial operators serving the needs of the surrounding community.
Adjoining occupiers include Apple Opticians, Apollo Blinds and a hot food takeaway whilst Lloyds TSB, Tesco, Dominos and the Crown Tavern Public House are also nearby. The Triangle shopping centre is located a short distance to the north-east, forming the centre of Bishopbriggs retailing area.
Accommodation
The subjects comprise a modern style retail unit contained within a single storey building of brick construction surmounted by a pitched steel trussed roof structure finished with profiled metal sheeting. The subjects have also been extended to the rear by way of a single storey projection, part of which wraps around the rear of the neighbouring unit.
The subjects have a modern display frontage which comprises a single aluminium framed plate glass window and flush entrance doorway, above which is illuminated corporate signage.
Internally, the property is fitted out as a hair and beauty salon and has been sub-divided in an appropriate manner, to provide a main open plan customer area to the front along with two treatment rooms, shower room, single toilet compartment and tea prep to the rear. The premises are finished to a decent decorative standard throughout.
Terms
We are instructed by our client to seek offers in the region of £XXX for the heritable interest in the subjects, subject to and with the benefit of the occupational lease. A purchase at this level would reflect a net initial yield of 10.88%, assuming purchaser’s costs of 1.8%.