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Portfolio of 2 shops

Anniesland, G13 - Get Access

Description

This is a portfolio of two retail investment properties located at 1623 and 1625 Great Western Road, Anniesland, Glasgow. The properties are tenanted and produce an annual income of £15,000, with a fixed rent increase to £17,000 per annum in December 2026 and a rent review in December 2029. The estimated rental value (ERV) is £30,000 per annum. Both properties are held on a full repairing and insuring (FRI) head lease expiring in 2034, with no break options. 1625 Great Western Road has an area of 28.27 sqm (304 sq ft) and a Net Value/Rateable Value (NAV/RV) of £6,600. It comprises customer seating/servery with rear partitions for food preparation and a WC. 1623 Great Western Road has an area of 47.85 sqm (515 sq ft) and a NAV/RV of £10,400. It offers customer servery with rear partitions for stores and a WC. The properties are situated on the south side of Great Western Road, east of its junction with Anniesland Cross, in a prominent location with high footfall within a densely populated retail area of Anniesland, Glasgow. Neighboring occupiers include Domino's, Cancer Research UK, Paddy Power, and Boots Pharmacy. Glasgow is Scotland's largest city, with a population of approximately 600,000 and a retail catchment of around 2 million. Great Western Road is a major arterial route through the West End of Glasgow, serving residential areas like Anniesland, Kelvindale, and Jordanhill. Nearby amenities include a Morrisons supermarket development with a gym and Costa.