The subjects comprise a retail unit arranged over the ground and basement floor of a four storey tenement building of sandstone construction overlaid by a pitched and concrete tile roof.
The subjects have traditional display frontage incorporating two aluminium framed and glazed display windows. Entrance is via a single aluminium framed and glazed doorway, all protected by roller shutter door.
Internally, the property offers a typical takeaway lay out with a customer sales area to the front and kitchen to the rear.
Location
The property occupies a prominent position on the south side of Dumbarton Road in close proximity to its junction with Crow Road and Hayburn Street, within Partick, in the heart of Glasgow’s West End.
Partick’s main line and underground rail stations are within short walking distance, whilst Dumbarton Road’s excellent public transport connections are further enhanced by frequent bus services linking to Glasgow City Centre.
Nearby occupiers include Cancer Research UK, British Heart Foundation, Ladbrokes, and the Poundland alongside a host of local traders. West End Retail Park is also within walking distance of the subject property which hosts a number of national occupiers including Sainsbury’s, Home Bargains, Boots and McDonalds.
Accommodation
According to measurements taken on site, we estimate the net internal area of the property to be as 49.52 sq.m (533 sq.ft).
Terms
TENANCY - The property is currently held on a Full Repairing and Insuring lease to a private individual t/a Bollywood Spice until 01/07/2028. The property is subject to 3 yearly rent reviews with the next review being on 01/07/2019. The current passing rent is £XXX per annum.
DISPOSAL TERMS - Offers in excess of £XXX are invited for the benefit of our client’s heritable interest in the subjects.
A purchase at this level would reflect a Net Initial Yield of 11.05%.
RATING ASSESSMENT - From the Scottish Assessors website, we note that the subjects are entered in the current Valuation Roll at a Rateable Value of £XXX Please note that a new occupier has the right to appeal the current assessment.
ENERGY PERFORMANCE - A copy of the energy performance certificate can be made available on request.
VAT - All prices quoted are exclusive of VAT, where applicable.
LEGAL COSTS - Each party will be responsible for their own legal costs.
Specification
- Popular West End location
- Hot food takeaway t/a Bollywood Spice
- Net internal area of 49.52 sq.m (533 sq.ft) approx.
- FRI lease until 01/07/2028
- Current passing rent of £XXX per annum
- Offers in excess of £XXX exclusive of VAT
- Net initial yield 11.05%