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 August 2024
ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
IMMEDIATE INCOME PRODUCING INVESTMENT WITH 100% SECURE TENANT. 2 storey town centre commercial unit with rental income of £30,000 + VAT on 10 year FRI lease until January 2034. SUPER SIZE AND LOCATION in the heart of the town centre of the affluent town of Kirkintilloch on the outskirts of Glasgow. The property measures approximately 762sqm (8,200 sqft). RECENTLY UPGRADED. CLASS A TENANT- 100% secure income. DEBRA (04118259) a charity which has 102 stores across the UK. Its published accounts show £16 million revenues and net assets of £4 million. The property will be sold with tenant in place on 10 year FRI lease January 2024- January 2034. Immediate rental income of £30,000+VAT per annum with 5 year upward only review (RPI linked). The property is elected for VAT but will be sold open and trading and therfore may qualify as a TOGC where VAT will not be payable (subject to status). PERFECT INVESTMENT PROPERTY with high yield and secure covenant in affluent and popular town centre with neighbouring occupiers including Semi-Chem, Original Factory Shop, Tesco and Betfred.
Auction Details
08 August 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.
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
IMMEDIATE INCOME PRODUCING INVESTMENT WITH 100% SECURE TENANT. 2 storey town centre commercial unit with rental income of £30,000 + VAT on 10 year FRI lease until January 2034. SUPER SIZE AND LOCATION in the heart of the town centre of the affluent town of Kirkintilloch on the outskirts of Glasgow. The property measures approximately 762sqm (8,200 sqft). RECENTLY UPGRADED. CLASS A TENANT- 100% secure income. DEBRA (04118259) a charity which has 102 stores across the UK. Its published accounts show £16 million revenues and net assets of £4 million. The property will be sold with tenant in place on 10 year FRI lease January 2024- January 2034. Immediate rental income of £30,000+VAT per annum with 5 year upward only review (RPI linked). The property is elected for VAT but will be sold open and trading and therfore may qualify as a TOGC where VAT will not be payable (subject to status). PERFECT INVESTMENT PROPERTY with high yield and secure covenant in affluent and popular town centre with neighbouring occupiers including Semi-Chem, Original Factory Shop, Tesco and Betfred.
Auction Details
08 August 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.