No longer on the market
This property is no longer on the market
MapProperty
Auction
Property
Features and description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 08 February 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Lower Deposit: 5% of Sale Price.
Reduced Buyers Fee: 1% of Sale Price (Min £2500 +vat)
100% prime Glasgow CITY CENTRE, William Hill investment or extended lease from 11 October 2023 unil 10 October 2028. Rental £35,000 per annum VAT FREE (no vat on property) ?? Tenancy details - Original lease to William Hill Organization Limited from April 1994 extended from 11 October 2023 till 10 October 2028 at £35,000 pa. Tenant has been at occupation almost 30 years and only extended the lease in last couple of months. Super Glasgow city centre, location, facing modern office, blocks, new housing and two minutes to Buchanan Street. ?? Super tenant. William Hill Organization Limited reported a Turnover of £332,900,000, a Pre-Tax Profit f £75,200,000 and a Net Worth of £370,100,000. Benefit of property being VAT FREE not elected for VAT. ?? Ideal investment property with stable tenant who has been in occupation 29 years and only just extended the lease and private Glasgow city centre location.
Auction Details
08 February 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Lower Deposit: 5% of Sale Price.
Reduced Buyers Fee: 1% of Sale Price (Min £2500 +vat)
100% prime Glasgow CITY CENTRE, William Hill investment or extended lease from 11 October 2023 unil 10 October 2028. Rental £35,000 per annum VAT FREE (no vat on property) ?? Tenancy details - Original lease to William Hill Organization Limited from April 1994 extended from 11 October 2023 till 10 October 2028 at £35,000 pa. Tenant has been at occupation almost 30 years and only extended the lease in last couple of months. Super Glasgow city centre, location, facing modern office, blocks, new housing and two minutes to Buchanan Street. ?? Super tenant. William Hill Organization Limited reported a Turnover of £332,900,000, a Pre-Tax Profit f £75,200,000 and a Net Worth of £370,100,000. Benefit of property being VAT FREE not elected for VAT. ?? Ideal investment property with stable tenant who has been in occupation 29 years and only just extended the lease and private Glasgow city centre location.
Auction Details
08 February 2024, 10am-3pm
Timed Online Auction
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.