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Tenanted Commercial Property - 395 sq ft

Glasgow, G1 - Get Access

Description

Ground floor commercial premises of 395 sq ft situated in an exceptional City Centre Location. This is a freehold sale and the property is currently let at £12,000 per annum, with rates exempt under the small business scheme. The unit is well-placed for easy access across the city, with a number of bus services operating nearby and close proximity to Argyle Street train station. The city centre is within walking distance, and several car parks are available locally. The property comprises a ground floor commercial unit forming part of a four-storey tenement building. It benefits from large display windows, high ceilings, and laminated flooring. To the rear, there are toilet and storage facilities. Tenancy Details: Type of Agreement: Full Repairing & Insuring (FRI) Length: Expires 29th March 2031, with an option to determine on 30th March 2029. Rent: £12,000 per year / £1,000 per month. Yield: Approximately 13%. Tenant: Precision Intents Ltd (a well-established Glasgow city niche barber). Notes: The vendor holds a rent deposit of £2,400 (including VAT).
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 395 sq ft (Listing)

The property is a ground floor commercial unit in a city centre location. Valuation is based on the investment yield and comparable commercial sales in the area.

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