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.