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Commercial / Retail Investment, 275-277 Gallowgate, Glasgow, G4 0TR

885 Sq Ft / Retail / Investment

For Sale - £225,000.00

Available - Last updated: 22 November 2023

Generous Commercial Property located in the city centre of Glasgow. Priced for Auction Sale. The property comprises: shop/sales area, reception/ Office with a spacious toilet towards the rear of the premises. 

Property currently produces a gross of £1416.67 per calendar month up until October 2023. Property has potential to achieve £1667 - £2000 per calendar month.

Property has a potential to achieve £20,000 - £24,000 per annum making it a very attractive investment opportunity with a gross expected yield of 8.9% - 10.6% if achieved for the Guide price of £225,000. 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. 

Property consists of a ground level premises with a large sales area, office space and toilet which is sure to attract potential buyers and shrewd investors alike.

Property in the city centre of Glasgow has a current rateable value of £11,800, making it eligible for the small rates relief scheme. Massive potential from retail units at present. Sure to appeal to investors. The seller will consider early offers prior to the auction date.

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 885 sq ft (82.26 sq m). 

Terms

Guide Price - £225,000

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

  • Prime Property Auctions New Entry. Generous Commercial Property located in the city centre of Glasgow. Priced for Auction Sale. 
  • Property is currently tenanted at £17,000 per annum with lease expiring in October 2023. Rental potential of £20,000 - £24,000 per annum. 
  • Property has a current rateable value of £11,800, making it eligible for the small business rates relief. Massive potential from retail units at present. Sure to appeal to investors.
  • Property is currently tenanted and has a Guide price of £225,000 and is open to early offers. 
  • ***Generous Retail Unit*** Property extends to 885 square feet (82.26 squared meters). 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. 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Leasehold £225,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212



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