• Excellent trading location close to Argyle Street and St Enoch
Shopping Centre.
• Good parking facilities in very close proximity.
• Net Internal Area – 211.35 sq.m (2,275 sq.ft) approx.
• 10-year FRI lease at £28,000 per annum.
• Energy Performance Rating ‘G’
• Offers over £250,000 – Net Initial Yield 10.69%
NO LONGER AVAILABLE
Location
The subjects are situated on the west side of
Stockwell Street, approximately 100 yards south
of the pedestrianised section of Argyle Street. St
Enoch Shopping Centre is also a short distance
to the south-west. Other traders in close proximity
include Argos, Marks & Spencer, Sainsbury’s, Tesco,
JD Sports and Specsavers.
Accommodation
FLOOR AREAS
We have measured the subjects in accordance with
the RICS Code of Measuring Practice (6th Edition)
and calculate that the subjects have the undernoted
approximate net internal floor areas :-
Freehold Section:
Ground Floor 102.19 sq.m (1,110 sq.ft)
First Floor 109.16 sq.m (1,175 sq.ft)
Total 211.35 sq.m (2,285 sq.ft)
Leasehold Section:
First Floor 326.11 sq.m (3,510 sq.ft)
According to our calculations, the freehold unit within
our clients’ ownership has a reduced floor area of
87.33 sq.m (940 sq.ft) approximately.
Terms
Our clients are seeking offers over £250,000
exclusive of VAT for the sale of their heritable interest,
subject to, and with the benefit of the existing lease.
A purchase at this level would show an attractive net
initial yield of 10.69% allowing for purchaser’s costs
at 4.8%.