Commercial property for sale in Glasgow, Scotland

Parade of 5 Shops Town Centre Location Part Income Producing Passing Rent: £17,950p.a Rent Potential: £35,000p.a Price: o/o £260,000  Location  The properties are situated on the east side of Townhead at its junction with Industry Street and Parliament Road within the town centre of Kirkintilloch.  Kirkintilloch is in East Dunbartonshire, approximately 9 miles North East of Glasgow, via the M80. Other major centres in the Region include Bishopbriggs (4 miles away) and Cumbernauld (8 miles). The resident population is approximately 20,000 and Kirkintilloch is the administrative centre for the East Dunbartonshire Council.  Portfolio  The portfolio comprises 5 ground floor retail units working Kirkintilloch town centre.  The properties are within a modern mixed development surmounted by a pitched roof.  Each property benefits from a single display window with single door entrance having each been renovated by the existing or former tenant.  Summary:  109 Townhead  Let to Gal Print Ltd t/a Minuteman Press on a full repairing and insuring head lease extending to 675sq ft expiring 31st August 2025 at a passing rent of £6,250per annum  111 Townhead  The property is currently vacant extending to 555sq ft, previously let at £5,200 the property should achieve a rental figure in the region of £7,000 - £8,000per annum assuming a rent of £13-£15psf  113 Townhead  The property is currently vacant with no lease in place, the property extends to 478sq ft. We would anticipate a rental figure in the region of £6,000 - £7,000per annum assuming a rental figure of £13-£15psf  115 Townhead  The property is held on a personal name t/a Monster Lab Nutrition supplement shop. The shop extends to 480sq ft with rent of £4,500per annum payable. The current lease expired in 2019 with the tenant continuing on tacit. There is an opportunity to negotiate a new lease with the current tenant.  117 Townhead - NEW LETTING  The property is let to a beautician on a new 5yr lease with a tenant break at 3rd year at a passing rent of £7,200p.a with a net internal area of 545sq ft.  NAV/RV   The properties have been assessed and entered into the valuation roll with the following NAV/RV's;  109: £6,100  111: £4,850  113: £4,350  115: £4,350  117: £4,800  Sale  The properties are available on a freehold basis for o/o £260,000  V.A.T.  Our client has opted to waive exemption for V.A.T. The transaction will be treated as a Transfer Of a Going Concern (ToGC)  Legal  Each party shall bear their own legal costs incurred in the transaction  Viewing  Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.  Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business  Anti-Money Laundering   In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time

Commercial property for sale in Glasgow, Scotland

Retail property (out of town) for sale

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