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Business For Sale - Leasehold, Gilmour’s Off sales, 28 Glebe Place, Cambuslang, G72 8LJ

not specified / Retail / Business for sale

For Sale - £48,000.00

Available - Last updated: 11 November 2023

The property comprises a traditional ground floor retail unit forming part of a larger three storey tenement building. The property is of traditional construction with residential dwellings above. The adjacent property is also a commercial retail unit trading as an unlicenced convenience store.

Internally the property is generally open plan in nature with an L- shaped counter with shelving to the rear. Additionally, there is a store room and staff WC’s.

Location

Cambuslang is located on the south-eastern outskirts of South Lanarkshire. Cambuslang sits on a long bend of the south bank of the River Clyde, a few miles south east of Glasgow. The town has a mix of traditional and modern facilities following historic redevelopment in the area.

The business is located south of Main Street within a predominantly residential area. The property is located on Glebe Place however vehicle access to the property would be via Vicarland Road and Howieshill Road.

Accommodation

THE BUSINESS - The property has been operational as Gilmour’s Off Sales for a number of years, and our clients are now looking to retire. Over the years this profitable business has built up a good reputation with repeat custom coming from the local area. We would note that neither the convenience store next door or the Co-op locally currently have a liquor licence.

Our clients run the business on a day to day basis with no additional members of staff employed.

The current opening hours are.

Monday – Sunday 10am – 10pm.

Gilmours Off sales would ideally suit a hands-on operator who could continue in the same manner whilst introducing their own flare. 

Terms

TRADING FIGURES - Full accounts information will be made available to interested parties, following a formal viewing.

RATES - According to the Scottish Assessors website the property has a current Rateable Value of £4,250 per annum with the proposed new rateable figure taking into effect as of the 1st April 2023 of £4,600.

ENERGY PERFORMANCE CERTIFICATE (EPC) - A copy of the Energy Performance Certificate is available upon request.

TENURE - Leasehold – we have been advised that the landlord has assured our client that a new FRI lease would be granted to the purchaser with a passing rent of £5000 per annum.

PRICE - Offers in the region of £48,000 are sought for our client’s leasehold interest in the premises, goodwill of the business and all fixtures and fittings. Stock would be agreed by separate negotiation.

Specification

  • Long established off sales business
  • Ideally located in a predominantly residential area
  • Only liquor licence in the local vicinity
  • Excellent trade with repeat custom
  • Offers invited.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Leasehold £48,000.00 NA

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Contact agents

Margaret Mitchell

DM Hall

0131 610 0384



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