Retail property (high street) for sale
Property description & features
- Corner unit with double frontage.
- Currently let to longstanding tenant.
- Lease expires 13th April 2027.
- Net internal area of 70.93 sq m (763 sq ft).
- Rental income of £15,000 per annum.
- Offers offer £160,000 invited.
- NIY - 9.20% (after purchasers costs).
- No VAT payable on the price.
Location
The property is located on Paisley Road West at its junction with Forfar Avenue. Paisley Road West is a well established retail thoroughfare to the south of Glasgow city centre and serviced by multiple bus routes in and out of the city.
Occupiers in close proximity include Aldi, Boots and an RBS. On street parking is available at the front of the property.
Description
The unit is a ground floor within a single storey retail parade of traditional construction. The property benefits from modern glazed frontage and is protected by metal roller shutters externally.
Internally the unit is fitted out in a style to be expected for a Drycleaning business.
Rating
The Rateable value is £16,600. Payment of business rates is the responsibility of the tenant.
Floor Areas
According to our calculations the unit has a Net Internal Floor Area of 70.93 sq m (763 sq.ft.) approximately.
The Tenant
The property is currently leased to Cardonald Drycleaners & Alterations Limited (Company No SC425807). The tenant has been in the unit for 10 years and has recently extended by another 3 years taking the new expiry date to 13th April 2027 at a rent of £15,000 per annum.
EPC
A copy of the Energy Performance Certificate is available upon request.
Legal Costs
Each party will be responsible for their own legal costs incurred during the transaction.
Anti Money Laundering
Under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, DM Hall are legally required to complete due diligence on purchasers and vendors. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) shall be required to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.
Further Information
Strictly by contacting the sole agents:-
[use Contact Agent Button]
[use Contact Agent Button]
or
[use Contact Agent Button]
[use Contact Agent Button]
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference VCctN3FThwE. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by DM Hall - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.