745 Cumbernauld Road, Riddrie, Glasgow, G33 2EP
621 Sq Ft / Other / Investment
For Sale
- £270,000.00
Available - Last updated: 19 September 2024
Summary
Prominent corner convenience store arranged over ground floor and basement.
Internally the subjects are well-fitted with open plan retail space to the front, storage to rear and basement complete with WC.
Key Points
Located within the Riddrie area of GlasgowLet to Dynamic Retail Limited (CJ Lang owned business)Lease expiry in 2037 with no break optionsCJ Lang operate from over 300 stores across the countryPassing rent of £25,000 per annum3 yearly upwards only open-market reviewsOffers over £270,000 = NIY 9%
Tenancy Information
Tenant: Dynamic Retail Ltd (SC181161) owned by C.J. LANG & SON LIMITED
Lease Start: September 2007
Lease Expiry: September 2037, no breaks
Passing Rent: £25,000 per annum
Rent Reviews: 3 yearly upwards only open-market, next in September 2026
C.J. LANG & SON LIMITED t/a SPAR operate over 300 stores in Scotland with last filed accounts for 2023 showing a turnover in excess of £221 Million with net profit of over £3 Million.
Location
The premises are located within the Riddrie area of Glasgow, approximately 3.1 miles of the city centre.
More specifically the subjects command a highly prominent position on the west side Cumbernauld Road (A80) at its corner with Lomax Street and a short distance north of its intersection with Edinburgh Road.
M8 motorway access is provided a short distance north via Junction 12.
Regular bus services operate on Cumbernauld Road whilst Alexandra Parade Railway Station is a 15 minute walk west.
Neighbouring occupiers include Shergills Takeaway, Vogue Bingo, Evans Halshaw, Carntyne Primary School and Saint Thomas Primary School.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£270,000.00
| NA |
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