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 Investment , Millbrae Road, Glasgow, G42 9UA

4,264 Sq Ft / Retail

For Sale - £1,100,000.00

Available - Last updated: 30 November 2020

The subjects consist of part of the ground floor of a Category C listed building with dedicated parking for 8 cars. Internally, the property extends to a main sales area with storage and dedicated staff space to the rear. The condition and decoration of the subjects is in keeping with the current tenants corporate fit out and includes the incorporation of an ATM.

Location

The subjects are located within the Battlefield area, a popular and affluent suburb within the South Side of Glasgow. The subjects occupy a prominent position on Millbrae Road, which serves as a main arterial route within the South Side. As such the subjects benefit from high volumes of passing footfall and vehicular traffic. The subjects are situated adjacent to Sanctuary Housing’s new residential development which will provide more than 200 residential homes to the local area.

Accommodation

Ground Floor 396.14 sq m (4,264sq ft )

TOTAL 396.14 sq m (4,264 sq ft )

Terms

TENANCY The property is let to Tesco Stores Ltd on a 15 year Full Repairing and Insuring Lease from 26/10/10 until 25/10/2025. The current passing rent is £69,556 per annum.

COVENANT The tenant benefits from a 5A1 covenant. For the year ending February 2018 Tesco Stores Limited reported a turnover in excess of £41.36bn, a pre-tax profit of £1.66bn and a net worth of £4.07bn.

EPC The property had an EPC rating of G. Further information is available upon request.

Specification

  •  LOCATED WITHIN GLASGOW'S AFFLUENT SOUTHSIDE 
  • LET TO TESCO STORES LTD 
  • 5A1 COVENANT 
  • PRICE - £1,100,000 
  • PASSING RENT - £69,556 PER ANNUM 
  • NIY - 5.99% 
  • LEASE EXPIRY 25 OCTOBER 2025

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale £1,100,000.00 NA

Email me updates about similar new properties


Show similar properties

Contact agents

Adam Honeyman

Shepherd Commercial

0141 432 1235



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.