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106 Minard Road, Glasgow, G41 2DL

1,500 Sq Ft / Retail / Investment

Sold - Last updated: 03 May 2019

The property comprise a ground floor shop unit with basement accommodation contained within a single storey brick building with a flat roof.

The retail premises benefits from a traditional display frontage with a partial return protected by electronic roller shutters.  Internally is primarily an open plan layout with wc to the rear of the property.

Painted and decorated to a good standard and with lighting provided by way of recessed halogen lamps, the floors benefit from ceramic tile in the main sales area and laminated timber to the rear.

The basement benefits from separate dedicated access via a UPVC double glazed door opening to a staircase leading directly to the basement.

Location

Minard Road is located in the Crossmyloof area which is a suburb of Glasgow situated in the South of the City.

The property occupies a prominent roadside position cornering Waverley Gardens and Titwood Road.  Minard Road is a busy traffic thoroughfare acting as an arterial route for bus and other traffic vehicles along with those travelling to the Crossmyloof train station.

Accommodation

BASEMENT - 68.74 sq m (740 sq ft)

GROUND FLOOR - 70.6 sq m (760 sq ft)

TOTAL - 139 sq m (1,500 sq ft) 

Terms

NAV/RV - The subjects have been assessed and entered onto the GCC Valuation Roll with an NAV/RV of £XXX

PROPOSAL - Our client is seeking to dispose of thier freehold interest in the subjects for offers in excess of £XXX representing an intitial yield of 8.5% before costs.  Over the term of the lease, the purchaser would receive in excess of £XXX in revenue.

EPC - Available on request

Specification

  • Prominent roadside position
  • 1,500 sq ft
  • £XXX per annum
  • 30 year lease (no breaks)
  • Rent reviews every 3 years
  • Personal name on lease


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