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Class 3 Investment Opportunity, 231 - 237 St. Andrews Road, Pollokshields, Glasgow, G41 1PD

2,977 Sq Ft / Leisure

Withdrawn - Last updated: 22 June 2023

Summary

Large class 3 premises, arranged over ground floor and basement, occupying a highly attractive corner position with extensive frontage

Tenant has invested over £250,000 on their fit-out in line with Pepe’s corporate style

The ground floor is setup with kitchen, takeaway / ordering counter, customer seating and WC’s

The basement provides storage and prep space, walk-in cold stores, dumb waiter and staff welfare facilities

Mains supplies to gas, water and electricity (3 phase) are provided


Key Points

  • Located within the popular and affluent Pollokshields area of Glasgow's South Side
  • Highly prominent Class 3 premises with extensive frontage
  • Tenant has invested over £250,000 on their fit-out
  • Let on FRI terms Tawheed Trading Ltd t/a Pepe's Piri Piri
  • Personal Guarantee in place for duration of the lease
  • c.9 years unexpired
  • Passing rent of £27,000 PA
  • Upwards only rent-review in December 2026 to greater of open-market rent or RPI
  • Offers over £340,000 invited - 7.68% NIY
  • Location

    Located within the desirable and affluent Pollokshields area of Glasgow’s South Side just 1.5 mile south of the city centre

    Highly prominent corner position on south side of St Andrews Road and Shields Road benefitting from high volumes of passing traffic

    Free on-street parking provided to the front, ideal for deliveries and delivery drivers

    Regular bus routes operate on St Andrews Road whilst Shields Road Underground Station is a 5- minute walk north

    Neighbouring occupiers include Malaga Tapas, Khyber Pass, U Save Newsagents, Arnold Clark as well as Glendale Primary School


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