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
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.
Similar properties in the area
Retail for sale
213, Sauchiehall Street, Glasgow, G2 3EX
4822 sq. ft (447.98 m²)
The subjects comprise a mid-terraced retail premise spanning across basement, ground and first floor level, forming part of larger 4 storey sandstone building with offices on the upper floors. The subjects can be accessed via a glazed, aluminum framed,...
Retail to let
213, Sauchiehall Street, Glasgow, G2 3EX
4822 sq. ft (447.98 m²)
The subjects comprise a mid-terraced retail premise spanning across basement, ground and first floor level, forming part of larger 4 storey sandstone building with offices on the upper floors. The subjects can be accessed via a glazed, aluminum framed,...
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Glasgow City Centre Retail Investment | New 10year lease No Breaks | Passing �13,500p.a. | 5th yr Review | V.A.T Free Investment | �150,000