The subjects comprise a mid-terraced single storey hot-food takeaway unit forming part of a busy neighbourhood retail parade where adjoining traders include a post office, dry cleaners and Chinese takeaway.
The property is surmounted by a pitched roof clad in slate and externally benefits from a single timber framed shopfront with pedestrian access door. Internally the subjects are fully fitted as a hot-food takeaway. A customer waiting area is located to the front of the unit with kitchen and staff WC to the rear.
On-street parking is available immediately in front of the subjects and a service yard is found to the rear ideal for deliveries.
Location
Rutherglen is a suburban town located approximately 6 miles south-east of Glasgow city centre. The subject property is located on the southern fringes of Rutherglen on the north side of Kings Park Avenue immediately in front of Croftfoot Railway Station.
Kings Park Avenue is a busy arterial route with high levels of passing traffic linking Rutherglen with Hampden/Cathcart. The area is densely populated with Burnside, Croftfoot and King’s Park all adjoining providing an immediate customer base to the subject property.
Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice (Sixth Edition) and calculate a net internal area of;
42.54 sq m (458 sq ft)
Terms
Tenancy - Let to a private individual on a straight 21 year FRI lease from September 2015, incorporating 5 yearly rent reviews at a passing rent of £XXX per annum.
Asking Terms - Offers over £XXX are invited for the freehold interest in the subjects with the benefit of the existing lease. This represents a net initial yield of 9.56% assuming purchasers costs of 1.8%.
Specification
- 20.5 years unexpired with no breaks
- 5 yearly rent reviews
- Passing rent of £XXX
- Offers over £XXX invited