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733-747 Clarkston Rd 917 sq ft Retail Unit Offered at £250,000 in Glasgow G44 3XZ
INVESTMENT HIGHLIGHTS
- Prominent retail units
- VAT free
- Occupiers benefit from 100% rates relief
EXECUTIVE SUMMARY
Retail investment for sale in Netherlee, 6 miles from Glasgow city centre. The property is situated on a prominent parade onto Clarkston Road close to the junction of Netherburn Avenue and nearby occupiers include Anderson McGuire, MKD Dentistry and Laird & McMillan.
PROPERTY FACTS Sale Pending
| Total Property Size | 4,595 sq ft | Floors | 1 |
| Property Type | Retail (Unit) | Typical Floor Size | 4,595 sq ft |
| Property Subtype | Shopfront | Year Built | 1955 |
| Costar Property Class | C |
| Total Property Size | 4,595 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | C |
| Floors | 1 |
| Typical Floor Size | 4,595 sq ft |
| Year Built | 1955 |
1 UNIT AVAILABLE
Unit 735-737
| Unit Size | 917 sq ft | Sale Type | Investment |
| Price | £250,000 | Tenure | Freehold |
| Price Per sq ft | £272.63 | Net Initial Yield | 7.75% |
| Unit Use | Retail | NOI | £19,375 |
| Unit Size | 917 sq ft |
| Price | £250,000 |
| Price Per sq ft | £272.63 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.75% |
| NOI | £19,375 |
DESCRIPTION
Internally the subjects are arranged over ground floor and provides a front sales area with kitchen to the rear.
SALE NOTES
The property is for sale at a price of £250,000 which reflects a net initial yield of 7.75% assuming costs of 2.20%.
The head lease is with effect from 13 January 2014 until 12 January 2039 at a passing rental of £19,800 pa. The head tenant has sublet 735 Clarkston Road on a co-terminus basis at a passing rental of £11,440 pa. Further information is available upon request.
735-737
Interior
Interior
NEARBY MAJOR RETAILERS
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733-747 Clarkston Rd
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