Heritable Industrial Investment and Development Opportunity
Approximately 0.58 Ha (1.43 Acres)
Let to an individual on a low rent by way of licence until March 2028
Future development potential (subject to consents)
Adjacent to M74
VAT-free property
Lot 18
Auction 13th February 2025
Rent £14,500 per Annum
Status Sold
Price £325,000
Sector Warehouse, Land, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2.5 miles south of Glasgow City Centre, 47 miles west of Edinburgh
Roads
A8, A74, M8, M77, M74
Rail
Glasgow Central Station, Glasgow Queens Street Station
Air
Glasgow International Airport
Situation
The property is located on the southern side of Pollokshaw Road, close its junction with the M74 and A71. The property is situated in a predominantly industrial area with the St Andrews Industrial Estate and Crown Street Retail Park nearby.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Location
Miles
2.5 miles south of Glasgow City Centre, 47 miles west of Edinburgh
Roads
A8, A74, M8, M77, M74
Rail
Glasgow Central Station, Glasgow Queens Street Station
Air
Glasgow International Airport
Situation
The property is located on the southern side of Pollokshaw Road, close its junction with the M74 and A71. The property is situated in a predominantly industrial area with the St Andrews Industrial Estate and Crown Street Retail Park nearby.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Description
The property comprises a total site area of 0.58 Ha (1.43 acres). The main site of 0.49 Ha (1.22 acres) mainly provides a series of light industrial buildings and hardstanding land. The property may be suitable for development subject to obtaining the necessary consents.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a total site area of 0.58 Ha (1.43 acres). The main site of 0.49 Ha (1.22 acres) mainly provides a series of light industrial buildings and hardstanding land. The property may be suitable for development subject to obtaining the necessary consents.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Site Area Approx Ha
Site Area Approx Acres
Tenant
Term (Licence)
Rent p.a.
0.58
(1.43)
INDIVIDUAL
Approx. 5 years from 01/06/2023 until 31/03/2028 on full repairing and insuring terms.
£14,500 (1)
(1) In addition to the annual rent, the tenant pays an annual management fee of 5% of the annual rent to the landlord. Therefore the property is effectively producing £15,225 pa. Please see the 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.
