Warning - This property listing has now expired.

Any changes made to the content of this listing WILL NOT BE SAVED. However, you can still change the property status (i.e. available/sold/let etc).

To renew this property or for further assistance please call 01767 313380 or email renewals@novaloca.com.

Convenience Store In Prominent Location, 55 Inchfad Drive, Glasgow, G15 8AX

614 Sq Ft / Retail / General Retail

For Sale - £25,000.00

Under Offer - Last updated: 28 October 2020

An attractive single windowed small convenience store contained in a standalone brick building with scope for further development of both the former business and the building

The shop is licensed for the sale of alcohol and also has consent for use as a hot food takeaway.

There is a level and part surfaced car park with capacity for 3-4 cars. This area is also considered suitable, subject to planning, for extension of the existing building.

The shop closed for business earlier this year due to the bereavement of the former owner but prior to that enjoyed regular and loyal customer support.

Location

The subjects a prominent local trading location to the northwest of Drumchapel town centre in a popular district with modern private, and local authority housing.

The street plan opposite shows the approximate location of the subjects, for information purposes only.

Although the business has been closed for some months it is considered that the prominent local trading position offers a first-class opportunity to develop a successful convenience store business.

Accommodation

The shop is divided internally to provide a main front retail area with timber counter and various former trade fittings and including ventilation hood for cooking purposes. There is a back shop for storage with a toilet with WC and wash-hand basin.

We calculate the Net Internal Floor Area in accordance with the RICS Code of Measuring Practice 6th Edition) to be approximately 57.10 sq m (614 sq ft). 

Terms

RATING ASSESSMENT - The subjects are currently entered in the Valuation Roll with a Rateable Value of £8,300.

At this level of value any incoming tenant may qualify for 25% rates relief under the Small Business Bonus Relief Scheme – enquiries and application to the Local Authority.

GROUND LEASE - The subjects are held on a ground lease with Glasgow City Council which runs until 1st November 2041. The current rent is £1,250 per annum with the next rent review due on 1st November 2024 and 7 yearly thereafter.

SALE PRICE - We are instructed to seek offers in excess of £25,000 are invited for the assignation of the ground leasehold interest in the subjects.

VAT - Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.

LEGAL COSTS - Each party will be responsible for payment of their own legal costs to be incurred in any transaction.

EPC - Available on request.

Specification

  • Licensed convenience store in single storey detached building
  • Licensed for the sale of alcohol
  • Planning consent for hot food take-away
  • Total Net Internal Area: 57.10 sq m (614 sq ft)
  • Includes side car park which would suit an extension to existing building (subject to planning)
  • Ground lease from GCC to November 2041 (current rent £1,250 per annum)
  • Currently closed due to bereavement of former owner
  • Offers in excess of £25,000 are invited for leasehold interest in the subjects 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in excess of For Sale Freehold £25,000.00 NA

Email me updates about similar new properties


Show similar properties

Contact agents

Barbara Wiles

David Allison & Co Ltd

0141 432 0397



Thank you for your enquiry

The agent for this property will get back to you as soon as possible.

Would you like to view similar properties now?

Many thanks, your enquiry has been sent to the agent

In response to the boxes you ticked, we'd like to send you emails about new & updated properties based on the following (please amend as required):


Please note, NovaLoca will only contact you about commercial property & you can unsubscribe at any time. Your information will not be given to third parties without your permission. For more information please refer to our privacy policy.