The subjects comprise a three storey purpose built building providing ground floor retail/showroom accommodation with first and second floor offices.
Location
The premises are located on the westmost side of Victoria Road, opposite it’s junction with Butterbiggins Road in the Govanhill area of Glasgow. The approximate location is shown on the location map overleaf.
The surrounding area comprises a number of commercial occupiers including the Royal Mail. The subjects benefit from good transport links with Victoria Road being one of the City’s key bus routes linking the south side of the City with the City Centre. Both Pollokshields East and Queens Park train stations are situated within walking distance of the subjects. On-street parking is available to the front of the building and in the surrounding area.
Accommodation
The ground floor provides a front sales/showroom area together with additional rear office area and storage facility.
The first and second floors provide self contained office accommodation offering a mix of open plan and cellular office space. Each floor has the benefit of kitchen and toilet facilities.
From measurements taken on site and in accordance with the RICS Code of Measuring Practice (Sixth Edition) we calculate the subjects extend as follows:
Ground Floor: 105.43 sq m (1,544 sq ft)
First Floor: 140.17 sq m (1,509 sq ft)
Second Floor: 135.13 sq m (1,455 sq ft)
Total 380.73 sq m (4,508 sq ft)
Terms
RATING ASSESSMENT
The subjects are entered in the current Valuation Roll with separate assessments as follows:
Ground Floor: £2,900
First Floor: £8,800
Second Floor: £7,800
LEASE/SALE TERMS
We have been instructed by our clients to seek rental offers in excess of £45,000 per annum for the benefit of a new lease on a tenant full repairing and insuring basis, incorporating upwards only rent reviews. Rental offers for individual floors will be considered.
Alternatively, our clients would consider a sale of the premises at a price in the region of £450,000. Offers for individual floors may also be considered.
VAT
Unless otherwise stated, all prices, premiums and rents are quoted exclusive of VAT.
LEGAL COSTS
The ingoing tenant will be responsible for our client’s reasonably incurred legal and professional costs relative to the transaction.
Specification
- Purpose built office and showroom building
- Net Internal Area: 4,508 sq m ( 418.80sq ft)
- Ground floor retail/showroom accommodation with first & second floor offices
- Available in whole or in part
- Popular and convenient southside location
- On-street parking and good transport links
- Rental: Offers over £45,000 per annum for the entire building
- Purchase Price: Offers in the region of £450,000 for the entire building
- Offers may be considered for individual floors