Retail for sale

The subject property is located on the northern aspect of Kilmarnock Road, in close proximity to Shawlands Arcade. Nearby occupiers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury’s Local, Iceland, Oro Italian Restaurant, and numerous independent bar and restaurant operators
Area
Ground: 286.07sqm (3,079sq ft)
1st: 312.15sqm (3,360sq ft)
Total: 598.22sqm (6,439sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Salvation Army Trading Company Ltd
Expiry: 7th November 2036 (Extended)
Passing Rent: £30,000p.a.x
From November 2026 Increasing to:
£32,000 p.a.x
2027: £33,000 p.a.x
2028: £34,000 p.a.x
2029: £35,000p.a.x
Rent Review: 2029 (Upwards Only OMV)
Tenant Break: 3rd & 6th Anniversaries
(The tenant will receive a 3 month rent free period if 2029 break is not exercised)
The tenant has a current service charge cap of £1,472 which increases by 3% per annum