Forming part of the ground floor of a larger sandstone fronted building, the property has a double frontage and entrance door protected by an electric roller shutter.
The unit laid out over ground floor only, is well fitted and in generally ‘walk-in’ condition.
Servicing is available through a rear door that leads to a common yard that leads out to, and is accessed from, Kilmarnock Road.
Location
Kilmarnock Road is the principal shopping street in Glasgow’s South Side. The premises sit on the western side of the street with the Shawlands Arcade immediately to the south and Shawlands Cross to the north.
This is a well-supported pitch with other occupiers in the immediate vicinity including Virgin Money, 20:20 Opticians and VPZ Vapes.
Accommodation
Measured in accordance with the RICS Code of Measuring Practice (6th edition), we estimate the premises to extend to the following approximate floor areas:
Ground Floor Net Internal Area: 141 sq m (1,517 sq ft)
Terms
Rating - From enquiries made at saa.gov.uk, the premises are entered on the current Valuation Roll as follows:
SHOP - NAV/RV - £16,200
Energy Performance Certificate - The property has an EPC rating of G
Planning - The property has the benefit of Class 1a (Retail and Office) Use.
VAT - We understand the property has been elected for VAT and VAT will therefore be charged on rent and other outgoings.
Terms - Our clients hold the premises on a FRI lease, limited by way of a Schedule of Condition, expiring at January 2040. There are Tenant only break options at January 2030 and 2035.
The rent is stepped on the following basis:
From January 2025: £12,000 per annum
From January 2026: £14,000 per annum
From January 2027: £16,000 per annum
From January 2028: £18,000 per annum
Our clients invite premium offers for their leasehold interest from Assignees of suitable financial standing.
Legal Expenses - Each party will meet their own legal expenses incurred in connection with the transaction, with the incoming occupier meeting the costs of any Land and Buildings Transaction Tax and Registration Dues that may be payable. Any prospective assignee will also be required to give an undertaking to meet the costs involved with securing Landlord’s Consent to the assignation, whether it proceeds to completion or not.
Entry - Available immediately on conclusion of missives.