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Retail Unit In Prime Location, 273 Gallowgate, Glasgow, G4 0TR

405 Sq Ft / Retail / General Retail

For Sale - £65,000.00

Available - Last updated: 22 November 2023

Generous Commercial Property located in the city centre of Glasgow.

The property comprises: Entrance hallway, bathroom to the rear and a sales/ office area.

Property could achieve a monthly income between £525 - £600 producing a gross yield of 10.5% - 12% per annum based on a guide price of £65,000.

Property has a potential to achieve £6,300 - £7,200 per annum making it a very attractive investment opportunity with a gross expected yield of 10.5% - 12% if achieved for the Guide price of £65,000. Sure to appeal to investor.

Excellent potential to turn into another commercial unit such as a takeaway, restaurant, shop or other. Sure to appeal to a variety of buyers and investors.

Potentially high yielding commercial investment property. 

Location

Introducing a remarkable commercial property located in the heart of Glasgow. This exceptional offering presents an outstanding opportunity for businesses seeking a strategic and bustling location to establish or expand their operations. Boasting a prime position within this vibrant community, the property is perfectly suited for a wide range of commercial ventures.

Situated in a thriving area with a high volume of foot traffic, this commercial space enjoys excellent visibility and exposure. The surrounding neighbourhood is characterized by a mix of residential and commercial developments, creating a dynamic and vibrant atmosphere that attracts a diverse environment.

Accommodation

Property extends to 405 square feet (37.62 squared meters). Excellent potential to turn into another commercial unit such as a storage unit, shop or office.

Terms

Guide Price - £65,000

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.

Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.

Specification

  • Generous Commercial Property located in the city centre of Glasgow. Priced for Auction Sale.
  • Property was previously used as a laundrette and has potential to be made into an ample storage unit, betting office or reused as a public laundrette subject to permissions and consents.
  • Property has a current rateable value of £3,681, making it eligible for the small business rates relief. Massive potential from retail units at present. Sure to appeal to investors.
  • Property could achieve a monthly income between £525 - £600 producing a gross yield of 10.5% - 12% per annum based on a guide price of £65,000.
  • ***Generous Retail Unit*** Property extends to 405 square feet (37.62 squared meters). Excellent potential to turn into another commercial unit such as a storage unit, shop or office.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £65,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212



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