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41 Virginia St - Virginia Court 1,458 sq ft Retail Unit Offered at £230,000 in Glasgow G1 1TS
Investment Highlights
- Stunning Sandstone Building
- Passing £20,000per annum
- Held on F.R.I Lease
Executive Summary
Sandstone Building
Property Facts
| Total Property Size | 28,264 sq ft | Floors | 4 |
| Property Type | Build-to-Rent (Unit) | Typical Floor Size | 14,000 sq ft |
| Property Subtype | Apartment | Year Built | 1817 |
| Costar Property Class | B | Total Plot Size | 0.96 ac |
| Total Property Size | 28,264 sq ft |
| Property Type | Build-to-Rent (Unit) |
| Property Subtype | Apartment |
| Costar Property Class | B |
| Floors | 4 |
| Typical Floor Size | 14,000 sq ft |
| Year Built | 1817 |
| Total Plot Size | 0.96 ac |
1 Unit Available
Unit 41
| Unit Size | 1,458 sq ft | Sale Type | Investment |
| Price | £230,000 | Tenure | Freehold |
| Price Per sq ft | £157.75 | Net Initial Yield | 8.70% |
| Unit Use | Retail | NOI | £20,000 |
| Unit Size | 1,458 sq ft |
| Price | £230,000 |
| Price Per sq ft | £157.75 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.70% |
| NOI | £20,000 |
Description
The subjects comprise a mid terraced retail unit spanning across ground and basement level. benefitting from a dedicated pedestrian entrance via Virginia Street. Internally, the subjects benefits from the existing fit-out of the current tenant as a Bridal Shop. The property consists of a open plan sales area to the front of the property with a vinyl floor covering, painted ceilings and adjustable spotlighting incorporated throughout. The basement, accessible via an internal stairwell, provides three cellular rooms alongside a kitchen/prep area and W/C provisions. The accommodation benefits from wooden slate floor covering with strip LED lighting incorporated throughout.
Sale Notes
The property is held on a full repairing and insuring head lease to Mia Bella Ltd who are an award winning wedding party outfitter, established for over 10 years.
The lease expires on 17th November 2032 at a passing rent of £20,000per annum with a rent review clause in November 2027
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41 Virginia St - Virginia Court
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