1 Kilmarnock Road, Glasgow, G43 2DJ

FOR SALE - Retail Investment with Class 3 Consent

www.mcintyreproperty.com

Off ers Over£375,000

Description Sq Ft Sq MGround 724 67.28

Basement 553 51.39Total 1277 112.67

DescriptionThe subjects comprise ground floor and basement retail premises within a three-storey tenement building under a pitched and slated roof. The property benefits from a prominent corner position with full height glazed returned frontage. Internally the premises are well fitted out as a fish & chip shop in the corporate style of Blue Lagoon.

AccommodationWe have measured the subject premises in accordance with the RICS Code of Measuring Practice 2007 (Sixth Edition) and would estimate that the subject extends to the following Gross Internal Area:

LocationThe subject property is located in close proximity to Shawlands Cross on the south side of Kilmarnock Road at its junction with Skirving Street. Shawlands is a vibrant location and has been long established as the main retail, leisure and cultural centre to the south side of Glasgow. Nearby national occupiers include The Clydesdale Bank, RBS, Greggs and The Money Shop along with a variety of independent retailers, cafes and licenced premises.

Glasgow is the largest city in Scotland, the commercial and industrial capital of the country and the administrative centre for the West of Scotland, with an urban population of approximately 1/1 million people and a total catchment population of over 2.3 million people within a 40-minute drive, making Glasgow the third largest urban centre in the UK. Glasgow boasts a strong, vibrant and growing economy and hosts the headquarters for a number of Plc companies including Scottish Power, Clydesdale Bank, Weir Group and Scottish Mutual Insurance.

Executive Summary• Passing rent of £32,500 per annum

• Attractive Net Initial Yield of 8.36%

• Let to Angelo Varese trading as Blue Lagoon until November 2025

• Highly prominent unit with return frontage

• Benefit of Class 3 consent

• Excellent trading location in the heart of Shawlands

• Offers in excess of £375,000(THREE HUNDRED AND SEVENTY FIVE THOUSAND POUNDS) exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 8.36% allowing for purchasers costs at 3.7%.

QUEEN’S PARK

POLLOK

MINARD ROAD

MOSS SIDE ROAD

DEANST

ON DRIV

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SKIRVING STREET

LANGSIDE AVE B768

KILM

ARNO

CK R

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A

77

POLLOKSHAWS ROAD

TANTA

LLO

N RO

AD

SHAWLANDS

HA

GG

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SHAWLANDSPRIMARY

SHAWLANDSACADEMY

SCHOOL

PARK

Shawlands is a vibrant location and has been long established as the main retail, leisure and cultural centre to the south side of Glasgow.

MISDESCRIPTIONS: The information contained within these particulars has been checked and unless otherwise stated, it is understood to be materially correct at the date of publication. After printing, circumstances may change outwith our control; we will inform enquirers of any changes at the earliest opportunity. Unless otherwise stated, all prices and rents are quoted exclusive of Value Added Tax.

Contact

McIntyre Property Consultants98 West George Street, Glasgow G2 1PJ

Stephen McIntyre0141 332 229207919 377 765stephen@mcintyreproperty.com

Viewing & further informationStrictly by prior arrangement:-

ProposalWe are instructed to seek offers in excess of

£375,000(THREE HUNDRED AND SEVENTY FIVE THOUSAND POUNDS) exclusive of VAT for our client’s heritable interest subject to and with the benefit of the existing lease.

A purchase at this level would show an attractive Net Initial Yield of 8.36% allowing for purchasers costs of 3.7%.

TenancyThe subject property is let to Angelo Varese from 28th February 2003 until 10th November 2025 on FRI terms at a rent passing of £32,500 per annum. The rent is to be reviewed at five yearly intervals with the next review due on 11th November 2020.

A copy of the lease documentation can be provided to interested parties upon request.

Covenant InformationThe property is let to Angelo Varese personally.

TenureThe property is held on heritable title (Scottish equivalent of English freehold).

EPCA copy of the Energy Performance Certificate can be made available on request.

VATOur client has elected to waive exemption for VAT and accordingly VAT will be payable on the purchase price, although we anticipate the sale will be dealt with by way of a Transfer of Going Concern (TOGC).

Legal costs Each party will be responsible for their own legal costs incurred in connection with the transaction.