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Retail Unit With Class 2 (Office) Use, 481 Aikenhead Road, Glasgow, G42 0PP

755 Sq Ft / Retail / Or Office Use

Withdrawn - Last updated: 17 October 2023

The available premises comprise a former bookmakers office laid out over a ground floor sales area with additional staff and ambulant disabled customer welfare facilities provided towards the rear.

The shop frontage benefits from two large display windows and a level access from the street.

Location

Aikenhead Road is one of the main arterial thoroughfares running south east from Glasgow and forms the approximate boundary between the Govanhill and Polmadie suburbs of the city.

The stretch of the road on which these premises lie is a busy traffic corridor that sits between the traffic lit junctions with Calder Sreet to the north and Polmadie Road to the south. Nearby occupiers include a 101 Convenience Store, the International Bar and Glas-Go Private Hire.

Accommodation

Measured in accordance with the 6th Edition of the RICS Code of Measuring Practice we estimate the premises to extend to the following floor area:

Ground Floor Net Internal Area - 70.12 sq m (755 sq ft)

Terms

Rating - From enquiries made at saa.gov.uk, the premises have a draft entry on the 2023 Valuation Roll as follows:

BETTING OFFICE - NAV/RV - £8,600

With the Rateable Value set at this level, qualifying occupiers can reduce their Rates Payable to £0.

Energy Performance Certificate - G

Planning - We understand the premises benefit from a Class 2 (Office) Planning Consent. Deemed Consent is therefore also available to put the Premises to Class 1 (Retail) Use.

For more direction on permitted uses we would recommend interested parties make enquiries direct to Glasgow City Council Planning Department.

VAT - All figures are quoted here exclusive of any VAT that may be properly payable in addition.

Terms - Our clients hold the premises under a full repairing and insuring lease that expires at 27 May 2026. The current passing rent is £8,500 per annum.

Our clients seek a suitable assignee or subtenant. The landlords have also indicated a willingness to discuss terms for a new longer term lease.

Legal Expenses - Each party will meet their own legal expenses incurred in connection with the transaction, with the incoming occupier meeting any landlord’s costs and any Land and Buildings Transaction Tax and Registration Dues that may be payable.

Entry - Entry, subject to securing landlords consent to any assignation or subletting, is available immediately on conclusion of missives.


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