Heritable Investment
Heritable Investment
The property is prominently positioned on the east side of Oswald Street between Broomielaw (A814) and Argyle Street. The surrounding area is a mixture of retail, commercial, leisure and residential. Nearby occupiers include NCP, Enterprise Rent-a-Car, Sally's Salon Services, Radisson Hotel and Gala Riverboat Casino.
Heritable.
The property is prominently positioned on the east side of Oswald Street between Broomielaw (A814) and Argyle Street. The surrounding area is a mixture of retail, commercial, leisure and residential. Nearby occupiers include NCP, Enterprise Rent-a-Car, Sally's Salon Services, Radisson Hotel and Gala Riverboat Casino.
Heritable.
The property comprises a ROADWAY extending to approximately 210.7 sq m (2,268 sq ft) which provides access to Glasgow Central Railway Station. The road was previously used for a vehicle egress from the station. Following alteration to the station, the roadway is now used for vehicles to service the station.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ROADWAY extending to approximately 210.7 sq m (2,268 sq ft) which provides access to Glasgow Central Railway Station. The road was previously used for a vehicle egress from the station. Following alteration to the station, the roadway is now used for vehicles to service the station.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Roadway | 210.7 sq m |
(2,268 sq ft) |
NETWORK RAIL INFRASTRUCTURE LTD (1) | 125 years from 12/08/1985 until 11/08/2110 | £18,333.33 | 15/05/2012 and 5 yearly |
| Totals | 210.7 sq m |
(2,268 sq ft) |
£18,333.33 | ||||
(1) For the year ending 31st March 2010 Network Rail Infrastructure Limited reported a turnover of £5,668,000,000, pre-tax profits of £395,000,000 and a net worth of £8,230,000,000. (Source: www.riskdisk.com 28/01/2011)
(2) The rent review is based on the higher of 1/3 of the rent for the Railway Arches on Midland Road or the open market value.
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