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Retail Investment, 2 Drumchapel Road, Drumchapel, Glasgow, G15 6QE

2,016 Sq Ft / Retail / Investment

For Sale - £407,000.00

Available - Last updated: 25 June 2021

The subjects comprise a modern end terrace single storey retail unit contructedin 2006.
 
Externally the subjects benefit from an extensive glazed frontage onto Drumchapel Road with a large customer car park found to the side.
 
Internally the subjects provide large open-plan accommodation with public front area and staff / customer toilets, kitchen tea prep found to the rear.

Location

The subject property is located in the Drumchapel area of Glasgow approximately 6 miles north-west of the city centre with a population of c15,000 people and an immediate catchment in excess of 115,000.
 
The subject property commands a highly prominent position on the south side of Drumchapel Road by its junction with GarscaddenRoad on the eastern fringes of Drumchapel next to Drumchapel Railway Station and close its border with Bearsden.
 
The property forms part of a larger neighbourhood parade where occupiers include “Oliver’s” Public House, 2 x local hot-food takeaway, 2 x local solicitors offices and a barber.

Accommodation

NIA - 187.31 sq m (2,016 sq ft)
ITZA - 153.10 sq m (1,648 sq ft)

Terms

Offers over £407,000 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 3.97%.
 
Business Rates
The subjects are entered in the Valuation Roll with a Rateable Value of £12,400.
 
EPC
Available on request.
 
Tenancy Information
  • Let to Tote Bookmakers Ltd on FRI terms expiring 22 December 2026
  • No breaks
  • Passing rent of £36,000.
  • Tenant option to extend for a further 5 years at expiry
  • Experian Credit Risk Score –Low Risk
  • Year End 2019 Accounts showed a turnover of £126,854,000 with pre-tax profit of £6,873,000
VAT
No VAT is payable on the purchase price.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers Over For Sale Freehold £407,000.00 NA

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Contact agents

Gregor Brown

Gerald Eve LLP (Scotland)

0141 432 0697

Sadik Chowdhury

Gerald Eve LLP (Scotland)

0141 432 1315



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