Prominent position on the main retail thoroughfare in Rutherglen
Busy Glasgow suburb
Nearby occupiers include Santander, Greggs and Boots
Lot 75
Auction 7th December 2017
Rent £28,500 per Annum Exclusive
Status Sold
Price £240,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
5 miles east of Glasgow city centre
Roads
M74, A749, A730
Rail
Rutherglen Railway Station
Air
Glasgow International Airport
Situation
Rutherglen is a suburb to the south-east of Glasgow city centre and easily accessible via junction 2 of the M74 motorway and is also well connected by rail with the average journey time to Glasgow Central Station of just 10 minutes. The property is located on the south side of Main Street and is a short walk from Rutherglen Shopping Centre. Neighbouring occupiers include Greggs, Poundland, Santander and The Co-operative Funeralcare.
Tenure
Heritable.
Location
Miles
5 miles east of Glasgow city centre
Roads
M74, A749, A730
Rail
Rutherglen Railway Station
Air
Glasgow International Airport
Situation
Rutherglen is a suburb to the south-east of Glasgow city centre and easily accessible via junction 2 of the M74 motorway and is also well connected by rail with the average journey time to Glasgow Central Station of just 10 minutes. The property is located on the south side of Main Street and is a short walk from Rutherglen Shopping Centre. Neighbouring occupiers include Greggs, Poundland, Santander and The Co-operative Funeralcare.
Tenure
Heritable.
Description
The property comprises a ground floor retail unit within an extended mid terrace four storey building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit within an extended mid terrace four storey building.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Amusement Arcade
113.59 sq m
(1,223 sq ft)
MEGA LEISURE (SCOTLAND) LIMITED (1)
21 years from 21/05/2008 to 20/05/2029 (3)
£28,500 (3)
21/05/2021 and 21/05/2026 (2)
Totals
113.59 sq m
(1,223 sq ft)
£28,500 (3)
(1) Mega Leisure (Scotland) Limited operate gaming centres throughout the west of Scotland. For the year ending 31st August 2016, Mega Leisure (Scotland) Limited recorded a net worth of £226,114. (2) The rent review dated 21/05/2016 remains outstanding. (3) Please note that there is a requirement to pay a contribution to service charge (to Rutherglen & Cambuslang Housing Association). The annual payment is approximately £500.