The unit is on the ground floor of an attractive 4-storey tenement building.
Internally, the shop is rectangular in shape with open plan shop/sales area to the front and kitchen, storage and toilet facilities to the rear. There are 2 small fitting rooms accessible to customers from the sales area.
Location
The property is located on the south side of Hyndland Road within an established retail and leisure parade in Hyndland.
Hyndland is an affluent area within Glasgow’s West End with the City Centre lying approx. 3 miles to the east.
The surrounding area is predominantly retail, restaurants and bars occupying ground floor level and residential above.
Occupiers within the immediate vicinity include Marie Curie, Epicures of Hyndland, Rose n’ Thyme Florist, Hyndsight Opticians and ShopLocal.
Accommodation
Net Internal Area - 93.72 sq.m (1,009 sq.ft.) approximately.
Terms
TENANCY - The property is let to Biscuit Clothing Ltd. (SC495511) on a Full Repairing and Insuring Lease expiring 10 February 2030. The current passing rent is £30,000 per annum.
There is an upward only Rent Review due 10 February 2025 and every 5 years thereafter.
There is a Tenant only break option 10 February 2025.
RATES - Rateable Value - £29,500.
DISPOSAL TERMS - Offers in excess of £350,000 are invited for the benefit of our clients heritable interest, subject to and with the benefit of the existing occupational lease.
A purchase at this price would reflect a Net Initial Yield of 8.28%, following the deduction of purchasers costs.
VAT - All prices quoted are exclusive of VAT, where applicable.
EPC - A copy of the Energy Performance Certificate is available upon request.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction.
Specification
- Prominent retail unit with large display frontage in prime West End location.
- Let to Biscuit Clothing Ltd. until Feb 2030.
- Passing rent of £30,000p.a.
- Net Internal Area - 93.72 sq.m. (1,009 sq.ft). approx.
- OFFERS OVER £350,000 ARE INVITED (8.28% NIY)