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122 Nithsdale Road, Glasgow, G41 5RB

not specified / Leisure / Restaurants / Cafes

For Sale - £350,000.00

Available - Last updated: 08 September 2020

Location

LOCATION

The property is located on the east side of Nithsdale Road, close to its junctions with Kenmure Street and Glencairn Drive, on the boundary between the Strathbungo and Pollokshields areas of the south side of Glasgow, approximately two miles south of the city centre

Surrounding properties are predominately tenemental with commercial uses on the ground floors and residential above.  Nearby traders in the licensed / restaurant trade include Moyra Janes Brasserie; Xpresso Lounge; Six by Nico Southside, and Lah-Tea-Doh (Coffee House).

The location is a vibrant, up-and-coming area, popular with young singles and couples, and  is well served by public transport with bus routes on Nithsdale Road; and Pollokshields West and East railway stations are located nearby.

 

Accommodation

DESCRIPTION

The premises comprise part of the ground floor of a traditional three storey and attic blonde sandstone fronted tenement with residential flats above.

Externally the property has a painted timber double shop front with pop-out doors to the street surmounted by a painted timber fascia board.  Two roller awnings are fitted, as are projecting floodlights and wall mounted heaters for the external seating. 

Internally the front of the ground floor is fitted out for customer seating and servery, in a modern bistro style, with male and female toilets to either side of the public areas.  The kitchens are situated to the rear, above the cellar storage, and with additional mezzanine offices and stores.

ACCOMMODATION

We understand that the dimensions and accommodation are as follows:

              Ground                  -               1,082 sq.ft. (100.52 m2) (GIA)

              Cellar                     -                 330 sq.ft. (30.67 m2) (GIA)

              Mezzanine            -               250 sq.ft. (23.23 m2(GIA)

RATEABLE VALUE

The property is currently assessed at a Net Annual Value of £15,000

EPC

An EPC has been ordered and can be made available on request.

 

 

 

Terms

LEASE TERMS

The property is currently leased to Lease 122  Limited, for a term now recently extended to expire on  31st August 2039 on full repairing and insuring terms  at a current rent of £20,800 per annum subject to an outstanding review as at  August 2019.

There are no tenant break options, and further reviews at five yearly intervals throughout the extended term.

 

Specification

PRICE

Offers in excess of £350,000 exclusive are invited for our clients heritable interest. 

 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Investment for sale For Sale Freehold £350,000.00 NA

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Contact agents

Colin Ely

Colin Ely & Co

0141 432 0355



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