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Retail Premises In Prime Position, 279 Gallowgate, Glasgow, G4 0TR

508 Sq Ft / Retail / General Retail

For Sale - £80,000.00

Available - Last updated: 22 November 2023

Generous Commercial Property located in the city centre of Glasgow.

Property currently produces a gross of £550 per calendar month up until October 2023. Property has potential to achieve £750 - £895 per calendar month.

Property has a potential to achieve £9,000 - £10,740 per annum making it a very attractive investment opportunity with a gross expected yield of 11.25% - 13.43% if achieved for the Guide price of £80,000. Sure to appeal to a shrewd investor.

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

Property in the city centre of Glasgow has a current rateable value of £6,200, making it eligible for the small rates relief scheme. Massive potential from retail units at present. Sure to appeal to investors.

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 customer base.

Accommodation

Property extends to 507.84 sq ft (47.18 sq m).

Terms

Guide Price - £80,000

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. *** HIGH YIELDING OPPORTUNITY ***  
  • Property has the rental potential of £9,000 - £10,740 per annum.  
  • Property has a current rateable value of £6,200, making it eligible for the small business rates relief. Massive potential from retail units at present. Sure to appeal to investors. 
  • ***Generous Retail Unit*** Property extends to 507.84 square feet (47.18 squared meters). Excellent potential to turn into another commercial unit such as another restaurant, betting unit, shop or other. Sure to appeal to a variety of buyers and investors.
  • Property has a Guide price of £80,000 and is open to early offers.  

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
GUIDE PRICE For Sale Freehold £80,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212



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