Marketed by
Graham & Sibbald
Glasgow
223 St Vincent St, Glasgow G2 7QF, UK
Under Offer
1 of 2
Offers Over
£350,000
269, Sauchiehall Street, Glasgow, G2 3HQ
Key features
- Attractive investment located in a strong retailing location in Glasgow City Centre
- Let to Cancer Research UK on a FRI lease until June 2029, with a tenant break option in June 2027
- Tenant has been in occupation for more than 40 years
- Passing rent of £34,650 per annum reflecting a Zone A rate of £37.91/sq.ft
- VAT free investment
- Offers over £350,000, reflecting a net initial yield of 9.56%
Description
The subjects comprise a retail unit arranged over ground and basement floors forming part of a larger a four-storey and attic tenement style building of blonde sandstone construction. The main building is of traditional stone construction surmounted by a pitched roof. The property has a traditional corner frontage comprising two large single glazed display windows with a recessed pedestrian entrance projecting signage above.
Internally, the property has been sub-divided to create a front sales area with associated changing room and storage accommodation. Access to the basement is taken via an internal timber stairwell to a kitchen facility and toilet compartment to the front section, with the remainder of the basement area being utilised as storage. Access can be taken to a common close and stairwell from the rear left of the basement area. The unit is finished to a modern standard.
Internally, the property has been sub-divided to create a front sales area with associated changing room and storage accommodation. Access to the basement is taken via an internal timber stairwell to a kitchen facility and toilet compartment to the front section, with the remainder of the basement area being utilised as storage. Access can be taken to a common close and stairwell from the rear left of the basement area. The unit is finished to a modern standard.
Reference: 139642_sales
Marketed by
Graham & Sibbald
Glasgow
223 St Vincent St, Glasgow G2 7QF, UK
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