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895 Aikenhead Road, Glasgow, G42 0NT

900 Sq Ft / Leisure

For Sale - £275,000.00

Available - Last updated: 10 September 2021

Hot Food Take Away Investment

Prominent Roadside Location

Extensively Refurbished

“Pizza Max” Franchise

F.R.I Lease

Expiry 8th October 2041

£15,000p.a.x.

Fixed Rent Increase To £20,000p.a.x In August 2025

Guide Price: £275,000

 

Location 

 

The property sits on the eastern side of Aikenhead Road at its junction with Curtis Avenue, approximately 100m south of the Prospecthill Road junction. Aikenhead Road is one of the main arterial thoroughfares and bus routes between Glasgow City Centre and the King’s Park and Castlemilk areas of the city. 

The area has a diverse make up with Hampden Stadium, the National Football Academy and an Asda supermarket all in the immediate vicinity and among a significant residential population. Nearby retail occupiers include All-in-One Fish Bar, William Hill and, immediately to the rear, the Montford House Public House. 

 

Property

 

The property comprises a single storey, mid-terrace commercial take away within a larger single storey commercial development with common yard area to the rear of the demise. The property offers a prominent frontage, with dual display windows flanking the single entrance door, all of aluminium framed and glazed construction, secured by electric aluminium roller shutter. 

 

Internally, the property is of rectangular shape, with main customer servery to the front, main counter area and open plan kitchen / prep area within the mid-section, the rear of the property offers partitioned office, staff break and w.c. facility and store room with single door access to the rear yard area. 

 

Area

 

The property has been measured on a net internal area basis and calculated to extend to the following floor space;

 

Ground: 83.67sqm (900sq ft)

 

Summary

 

The property is held on a full repairing and insuring head lease on the following terms;

 

Tenant: Shanzeh Enterprises Ltd t/a “Pizza Max” 

Term: 09/10/2020 - 8th October 2041

Passing Rent: £15,000p.a.x

Rent Review: 5 yearly at the higher of the full market rent, with the first review in 2025 having a provision for a minimum uplift to £20,000p.a.

 

Sale

 

The property is available on a freehold basis for a guide price of £275,000 representing a gross Reversionary yield of 7.27% before purchasers costs

 

V.A.T.

 

The property is elected for V.A.T. however the transaction may be treated as a T.O.G.C (Transfer Of A Going Concern)

 

Lease & Title

 

Available on request

 

Legal

 

Each party shall bear their own legal costs incurred in the transaction 

 

Anti-Money Laundering 

 

In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £275,000.00 NA

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Contact agents

Will Rennie

TSA Property Consultants

0141 538 0192



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