Commercial property for sale in Glasgow, Scotland

LOCATION  The property is located in Balmore Industrial Estate, Lambhill which is situated approximately 2 miles to the north of Glasgow city centre and the national motorway network. The estate contains a variety of industrial buildings of varying age and quality, although benefits from a café and a children's nursery.   The property is situated on the west side of Glentanar Road to the north of the principal entrance to the estate off Balmore Road and immediately to the south of where the road turns to the north east towards Allied Bakeries.  DESCRIPTION  The property comprises a single storey semi-detached industrial unit with outspan offices and a small secure yard. The plot is regular in shape incorporating an embankment to the rear.   The building is in reasonable order benefitting from the relatively recent installation of a new insulated profile metal sheet roof.  ACCOMMODATION  The accommodation comprises a warehouse with two gable positioned vehicle access points onto the secure yard, a front vehicle access point and an office block containing two offices, reception area, ladies and gent's toilet facilities and a kitchen.  FLOOR AREA  We have calculated the gross internal area of the building as follows:  Warehouse: 543.46 sq m (5,850 sq ft) Offices: 62.43 sq m ( 672 sq ft) TOTAL: 605.89 sq m (6,522 sq ft)  ? RATEABLE VALUE  According to the Scottish Assessor's website ( the subjects have a Rateable Value of £18,400 effective 1st April 2023.   The uniform business rate for the current year is £0.498 pence in the pound.   ENERGY PERFORMANCE CERTIFICATE  TBC.  GROUND LEASE  The property is held of a ground lease from Glasgow City Council. The lease expiring in February 2065, is on full repairing and insuring terms at a passing rent of £405 per annum. The next rent review is due in February 2029.  PRICE  Our client is seeking offers over £250,000 for their leasehold interest.   OFFERS  In the normal Scottish form addressed to this office.   ACQUISITION COSTS  Each party shall be responsible for their own legal costs incurred in connection with the eventual purchaser liable for any Land Building and Transaction Tax (LBTT) and VAT thereon.  DATE OF ENTRY  To be mutually agreed.  ANTI-MONEY LAUNDERING   The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.

Commercial property for sale in Glasgow, Scotland

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