Fully-Let Heritable Roadside Motor Trade and Retail Investment
Five fully-let roadside units and an advertising hoarding
Tenants include two car repair workshops and a flooring specialist
Approximately 9,244 sq ft
VAT-free investment
Established commercial and industrial location
Nearby occupiers include Enterprise, Glasgow Home Office, Co-operative Convenience Store, Subway and a number of independent operators
Excellent communication links within close proximity to M8 (Junction 23) and M77
Lot 39
Auction 9th July 2024
Rent £37,048 per Annum Exclusive (4)
Status Sold Prior
Price
Sector Trade Counter/Builders Merchants
Auction Venue Live Streamed Auction
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
A8, A74, M8 (Junction 23), M77, M74
Rail
Gessnock Underground Station
Air
Glasgow International Airport
Situation
The property is situated in an established commercial and industrial location, 2 miles south-west of Glasgow City Centre. The property benefits from excellent communication links being within close proximity to M8 (Junction 23) and M77. Nearby occupiers include Enterprise, Glasgow Home Office, Co-operative Convenience Store, Subway and a number of independent operators.
Tenure
Heritable.
Location
Miles
47 miles west of Edinburgh
Roads
A8, A74, M8 (Junction 23), M77, M74
Rail
Gessnock Underground Station
Air
Glasgow International Airport
Situation
The property is situated in an established commercial and industrial location, 2 miles south-west of Glasgow City Centre. The property benefits from excellent communication links being within close proximity to M8 (Junction 23) and M77. Nearby occupiers include Enterprise, Glasgow Home Office, Co-operative Convenience Store, Subway and a number of independent operators.
Tenure
Heritable.
Description
The property comprises five industrial/roadside units arranged on the ground floor only. The property also benefits from an advertising hoarding.
VAT
VAT is not applicable to this lot.
Completion Period
03/09/2024
Description
The property comprises five industrial/roadside units arranged on the ground floor only. The property also benefits from an advertising hoarding.
VAT
VAT is not applicable to this lot.
Completion Period
03/09/2024
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas Approx sq m (1)
Gross Internal Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Units 1, 2 & 4
Motor Trade
291.22
(3,134)
P. SCOTT (t/a Langtree Motors)
Lease expires 31/10/2024 or continuing by way of Tacit Relocation
£17,952
Unit 3
Garage
98.15
(1,056)
S. RASHEED (t/a Bow Car Sales)
Let by way of a Licence Agreement for approximately 5 years from 21/03/2023 until 20/01/2028
£7,748 rising to £8,136 pa on 21/03/2025 (2)
Unit 5
Retail/Workshop
469.55
(5,054)
C. WINGATE (t/a Select Flooring) (3)
Let by way of a Licence Agreement for 2 years from 20/07/2023 until 19/07/2025
£10,348
Billboard
Advertising Hoarding
-
-
PRIMESIGHT LIMITED
10 years from 01/10/2020
£1,000
Total
858.92
(9,244)
£37,048 (4)
(1) Areas provided by Scottish Assessors Association (www.saa.gov.uk). (2) A rent deposit of £3,874 is held by the landlord. (3) The tenant is currently not in occupation. (4) In addition to the annual rent, all tenants, apart from Primesight Limited, pay annual management fees totalling £1,802 per annum to the landlord. Therefore, the property is effectively producing £38,850 p.a. - please see legal pack
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.
