Heritable Bookmaker Investment
Heritable Bookmaker Investment
The property is located in Cathcart, a popular residential area to the south of Glasgow City centre. Situated at an important junction between Newlands Road and the B762, Clarkston Road, with good links to the north and south. Close by on Clarkston Road there is a popular retail parade with many local traders. Cathcart Railway Station is located close to the property with direct links to Glasgow Central Station
Heritable. Scottish Equivalent of English Freehold
The property is located in Cathcart, a popular residential area to the south of Glasgow City centre. Situated at an important junction between Newlands Road and the B762, Clarkston Road, with good links to the north and south. Close by on Clarkston Road there is a popular retail parade with many local traders. Cathcart Railway Station is located close to the property with direct links to Glasgow Central Station
Heritable. Scottish Equivalent of English Freehold
The property comprises a ground floor retail unit within a larger 4 storey building (upper floors in residential use and in separate ownership).
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit within a larger 4 storey building (upper floors in residential use and in separate ownership).
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas Approx sq ft |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground Floor | Retail | 69.67 sq m |
750 sq ft |
LADBROKES BETTING AND GAMING LIMITED (1) | 16 years from 29/11/2012 to 27/11/2028 (2) | £12,600 (4) |
|
| TOTAL | 69.67 sq m (3) |
750 sq ft (3) |
£12,600 |
(1) For the year ending 31/12/2021, Ladbrokes Betting and Gaming Ltd reported a Turnover of £670,147,000, a Pre-Tax Profit of negative £4,554,000 and a Net Worth of £1,100,052,000 (NorthRow 19/06/2023).
(2) The lease provides for a tenant option to determine the lease on 27/05/2026 and 27/11/2027. Please see the legal pack for further information.
(3) The floor areas stated above are those published by the Scottish Assessors Association (www.saa.gov.uk).
(4) Rent of £12,600 pa is payable from 28/11/2023. See the legal pack for further information
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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