The subjects comprise a ground floor retail unit incorporating a disabled WC.
Location
The subjects are positioned on the North side of London Road between its junctions with Bridgeton Cross and Silvergrove Street, within the east end of Glasgow. The surrounding area is primarily residential in nature characterised by high density tenemental dwellings, with retail/office units at ground floor level.
The local area has recently undergone a period of large scale development with a large number of residential developments taking place such as the Link Housing development of 68 affordable rental flats on Olympia Street.
The subjects also benefit from excellent transport links to Glasgow and Edinburgh via the nearby M8 and M74 motorways. Bellgrove and Bridgeton railway stations are key transport links to and from the city centre with the latter being less than a 2-minute walk from the subjects.
Accommodation
GROUND FLOOR: 1150 sqft (107 sq m)
ITZA: 912 sqft (85.2 sq m)
Terms
LEASE - The property is leased to Greggs plc from 3 March 2017 expiring 2 March 2032 with a current passing rent of £12,500 per annum, exclusive of VAT. The passing rent is a low £14.15 per sq ft Zone A, with the March 2022 rent review remaining outstanding. The tenant has the right to exercise a break in March 2027 subject to six months notice.
COVENANT - 5A1 Rating.
TERMS - Offers over £160,000.
VAT - We understand that the property has been elected for VAT.