Large, Modern commercial premises located in a busy street in Glasgow. Rental potential of £5,000 - £6,200 per annum giving an IMPRESSIVE gross yield of 13.33% - 16% at a guide price of £450,000.
Property comprises of a ground floor and a basement, 2 reception areas, 3 bathrooms and multiple office/ workspaces. Sure to appeal to a shrewd investor.
Property was previously used as an office and has POTENTIAL to be converted to a restaurant or retail unit subject to the relevant planning permissions and research.
The property has a potential market rent of up to £60,000 - £72,000 per annum. Should the rent be increased to this level and purchased at the Guide price of £450,000 it would provide a gross rental yield of 13.33% - 16%.
Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.
Location
Granville Street, located in the vibrant city of Glasgow, is a bustling thoroughfare that embodies the unique blend of history and modernity that the city is known for. This urban avenue stretches through a diverse neighbourhood, offering a snapshot of Glasgow's dynamic character.
As you step onto Granville Street, you're immediately enveloped by a sense of energy. The street is wide and well-paved, lined with a mix of historic and contemporary buildings that create an eclectic architectural panorama. The facades showcase a spectrum of styles, from Victorian grandeur to sleek, glass-fronted structures, highlighting the evolution of Glasgow over the years.
Accommodation
Large Premises that extends to approximately 1,850 sq ft (171.95 sq m).
Property expands over 2 floors.
Terms
The property has a Guide price of £450,000 which would provide a rental yield of greater than 13%.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Large, Modern commercial premises located in a busy street in Glasgow. Rental potential of £5,000 - £6,200 per annum giving an IMPRESSIVE gross yield of 13.33% - 16% at a guide price of £450,000.
- Property was previously used as an office and has POTENTIAL to be converted to a restaurant or retail unit subject to the relevant planning permissions and research.
- Sure to appeal to investors looking for a high yielding commercial investment opportunity.
- Large Premises that extends to approximately 1850 square feet or 171.95 square metres. Property expands over 2 floors.
- Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.