The subjects comprise of traditional public house premises, contained within part of the ground and basement floors of a corner located tenemental building of 4 storey over basement sandstone construction.
Internally, the subjects provide a lounge bar and public bar , along with toilet and storage accommodation, at ground floor, while the basement provides ancillary cellarage and storage space.
The premises are decorated and have been maintained to a comfortable standard.
Location
The subjects are prominently located at the junction of Saracen Street and Bardowie Street to the north of Glasgow city centre. The surrounding area is of a mixed commercial and residential nature, with a high density of mainly local authority style house stock
Terms
AUCTION DATE The auction will be held on 9 th December 2020 at 2:XXXm and interested parties should register at: www.shepherd.co.uk/commercial-auctions Buyers will be required to pre-register prior to approval of their bid.
DEPOSIT At the end of the auction, if the reserve price has been met, a 10% deposit (subject to a minimum deposit of £XXX) will be payable.
RESERVE PRICE The reserve price is the minimum price for which the property can be sold and is confidential between the auctioneer and the vendor and cannot be disclosed. If the reserve price isn’t met, the property will remain unsold. You can contact our team and at this point you’ll be able to make an offer which will be referred to the sellers for their consideration
GUIDE PRICE Properties advertised with a guide price is within 10% above or below the reserve price when a single figure is stated. If the guide price is a bracket figure, the reserve price cannot exceed the tope end of the bracket price.
BUYER FEES Details of the buyer fees associated with this property can be found on the individual property page.
LEGAL PACK The legal packs are available to view online
VAT The property has/hasn’t been elected for VAT and as such VAT will/will not be payable on the purchase price.
Specification
- 9 TH DECEMBER 2020 AT 2:30PM
- TOWN CENTRE LOCATION
- LEASE IN PLACE
- LONG ESTABLISHED BUSINESS
- GUIDE PRICE - £XXX
- INCOME - £XXX PA
- YIELD: 17.84%