PRIME NEW LISTING. We are excited to present this Tenanted Commercial unit located within prime location in Glasgow.
The property comprises a convenience store, offering a practical, income producing commercial investment in an established trading position.
The shop is offered as a turnkey commercial unit with around 6 years remaining on the lease and a rent review in 3 years. This helps underpin the investment case with ongoing occupier commitment. Additionally, this lease has support from two guarantors, increasing its security substantially.
The shop is in great condition, presenting well for a buyer seeking a low hassle commercial purchase.
Location
Glasgow remains one of the UK's strongest commercial centres, underpinned by a diverse economy and consistent occupier demand across retail, office and mixed use space. St. Georges Road sits within an established inner city location, benefitting from strong local footfall and reliable passing trade from surrounding residential neighbourhoods and nearby business activity. The area is well served by road connections into the city centre and wider Central Belt, with convenient public transport options including rail and subway links in the broader vicinity. A well regarded mix of independent operators and national brands helps support sustained demand for well located commercial units, making this a compelling spot for long term investment.
Accommodation
Net Internal Area: approximately 835.7 sq ft and providing a well balanced floor area that is well suited to day to day retail trading.
Terms
Guide Price: £170,000
The property is currently producing £1,416.67 per month, which is £17,000.04 per annum, making this an ideal turnkey, income producing opportunity for the shrewd investor. Based on current market levels, the unit could potentially support a market rent in the region of £1,500 to £2,000 per month, which is £18,000 to £24,000 per annum, subject to existing tenancy terms, re letting and due diligence.
Tenure: The property is held on a freehold basis, giving the buyer outright ownership, while benefitting from an occupational lease in place for straightforward management and income collection.
Rateable Value: The rateable value has not been provided, and interested parties should make their own enquiries with the local authority regarding business rates and any available reliefs, subject to eligibility.
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.