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Retail Investment, 1061 Shettleston Road, Glasgow, G32 7PE

1,850 Sq Ft / Retail / Investment

Withdrawn - Last updated: 02 February 2022

The subjects comprise mid-terraced single storey ground floor retail premises.
 
Internally the subjects provide large open-plan retail accommodation with public front area and staff / customer toilets, kitchen tea prep found to the rear.
 
Free on-street parking is found immediately to the front of the subjects.

Location

The subject property is located in the Shettleston area of Glasgow’s East End approximately 5 miles from the city centre.
 
More specially the subject property is situated on the north side of Shettleston Road between its junctions with Chester Street & Evie Street within its prime section where neighbouring occupiers include “The Drum” Public House, Boots, Greggs and Anderson Maguire Funeral Directors.

Accommodation

NIA - 171.91 sq m (1,850 sq ft)
ITZA - 100.10 sq m (1,078 sq ft)

Terms

Offers over £XXX are invited for our client’s heritable interest in the subjects with the benefit of the existing lease being in place.
 
A purchase at this level reflects a net initial yield of 8.5% assuming purchasers costs of 2.02%.
 
Business Rates
The subjects are entered in the Valuation Roll with a Rateable Value of £XXX
 
EPC
Available on request.
 
Tenancy Information
  • Let to Done Brothers (Cash Betting) Ltd on FRI terms expiring 21 February 2027
  • No breaks
  • Passing rent of £XXX pa
  • Option to extend for a further 15 years at expiry
  • Experian Credit Risk Score –Low Risk
  • Year End 2019 Accounts showed a turnover of £XXX with pre-tax profit of £XXX
VAT
No VAT is payable on the purchase price.


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