Commercial property for sale in Glasgow, Scotland

Guide Price £1,000,000 Plus Fees For sale by unconditional online auction, registration is now open. Bidding opens on 25/06/2025 10:00 and ends on 25/06/2025 12:55.  For sale by online auction on 25 June 2025 Let to a Blue Chip Tenant until 2030, with no breaks Rent £130,000 pa Prime city centre position on Glasgow's 'Style Mile', at the entrance to Argyll Arcade 13% Yield at the Guide Price  Heritable-Scottish equivalent of English Freehold   Town & Country Property Auctions are pleased to present this high yield commercial opportunity primely located on Glasgow's 'Style Mile' at the entrance to the Argyll Arcade. This 3 storey commercial property is currently let to Hutchinson 3G UK until December 2030 with no break clause, the is £130,000 per annum which is a 13% yield of the current guide price.   The city of Glasgow is the largest city in Scotland, being located on the River Clyde, 41 miles west of Edinburgh The city is a major port, commercial and administrative centre and is served by the M8, M74 and M77 motorways Glasgow benefits from two principal mainline rail terminals, Glasgow Central and Glasgow Queen Street. The city also has it's own international airport.  Argyll Arcade Occupiers close by include: Nationwide, House of Fraser, Zara, Superdry, Primark and Santander amongst many others.  ACCOMMODATION Basement: 146 sq ft, Ground Floor: 888 sq ft, First Floor: 922 sq ft. Total accommodation of 181.75 sq m (1,956 sq ft) over basement, ground and first floor  RENT: £130,000    Tenure Heritable-Scottish equivalent of English Freehold  Terms  Legal Pack  To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk   UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.   Registration Process To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.   Brochures Legal DocumentsOnline Bidding

Commercial property for sale in Glasgow, Scotland

Commercial property for sale

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