264 Main Street is a Chinese takeaway property positioned on the ground floor of a traditional red sandstone four storey tenement building with private residential above. The shop has a roller shutter protected, single display window.
Internally the unit is broadly rectangular in shape and has been sub-divided to form a front customer waiting area with sales counter, rear kitchen and prep area, storage and staff toilet.
Location
Main Street is the main thoroughfare running through Rutherglen Town Centre and an established commercial trading location, with the subjects located close to the crossroads junction with Farmeloan Road and Stonelaw Road.
Rutherglen is a suburb of Glasgow, 3 miles south east of the city centre although it forms part of the South Lanarkshire Council jurisdiction. The town has a resident population in the region of 30,000 and is well served by road, rail and public transport networks.
Accommodation
The net internal floor area of the property is 41.06 sq.m. (442 sq.ft.) approx.
Terms
LEASE TERMS - The subjects are let to Jian Hao Lin t/a Mings Take Away on a full repairing and insuring lease expiring 26 April 2031 and incorporating a 3 yearly rent review pattern with the next due on 25 April 2019. The current passing rent is £XXX per annum.
PRICE - Offers over £XXX exclusive of VAT (if applicable) are invited for our client’s heritable interest in the investment, which reflects a gross yield of 9.7%.
EPC - Available upon request.
LEGAL COSTS - Each party will be responsible for their own legal costs.
Specification
- Established commercial location within Rutherglen Town Centre
- Prominent Chinese hot food takeaway trading as Mings
- NIA 41.06 sq.m (442 sq.ft)
- Let until 26 April 2031 with 3 yearly rent review
- Passing rent £XXX per annum.
- OFFERS OVER £XXX