The subjects comprise a dental surgery situated on the ground and lower ground floors of a three storey and basement traditional stone and brick building with a pitched slated roof. The property is Category B Listed and situated within the Park Conservation Area.
Access to the premises is via a cantilevered concrete stairway over the basement lightwell leading to the entrance doorway. The accommodation comprises the following:-
Ground Floor
Entrance hallway, waiting room, reception/ administration area, two surgery rooms, toilet and storage cupboard.
Basement
Two surgery rooms, X-Ray room, changing/staff room and toilet facilities.
The property is decorated/presented to a high standard throughout and retains some attractive architectural features such as fireplaces and decorative cornicing. As befits the dental surgery use, the consulting rooms and staff areas have a variety of sinks and wash hand basins. There is a gas fired central heating system with wall mounted radiators. The property benefits from rear access, which leads to Somerset Place Mews.
Location
The property is on the east side of Clifton Street next to its junction with Somerset Place, a short distance from Kelvingrove Park. Sauchiehall Street is approximately 100 yards to the south and this is a busy commercial thoroughfare connecting Glasgow’s West End to the City Centre. The subjects are within the popular Park Area with its traditional townhouses in both office/commercial and residential uses.
Situated to the east is Charing Cross Railway Station, which is within convenient walking distance, and also close by to the east are junctions 18 and 19 of the M8 Motorway. The Finnieston area with its wide variety of bars, restaurants and retail amenities is approximately 500 yards to the southeast.
Accommodation
We calculate that the subjects have the undernoted Net Internal Floor Areas:-
Ground Floor - 76.06 sq m (819 sq ft)
Basement - 69.00 sqm (742 sq ft)
TOTAL - 145.06 sq m (1,561 sq ft)
Terms
LEASE DETAILS - The subjects are let to Portman Healthcare Limited (Company No. 06740579) on a Full Repairing and Insuring lease from 13 March 2018 to 13 March 2033.
The lease incorporates upward only rent reviews at 5 yearly intervals and there are tenant only breaks also at 5 yearly intervals.
The current passing rent is £20,800 per annum. Creditsafe report a rating of 55-B for Portman Healthcare Limited which is considered to be Low Risk.
SALE TERMS - Offers in excess of £250,000 are invited for the purchase of our client’s heritable interest subject to, and with the benefit of, the existing occupational lease. A purchase at this price would reflect a Net Initial Yield of 8.1% following the deduction of Purchaser’s Costs.
ENERGY PERFORMANCE - A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. The EPC rating is F-88.
LEGAL COSTS - Each party will be responsible for paying their own legal costs incurred during the transaction.
VAT - VAT will not be chargeable on the purchase price.
Specification
- Situated within Glasgow’s popular Park Area.
- Ground and lower ground floor premises.
- Total Net Internal Area of 145 sq.m. (1,561 sq.ft.) approx.
- Let to Portman Healthcare Ltd until March 2033.
- Passing rent of £20,800 per annum.
- VAT free purchase.
- Offers over £250,000 invited (8.1% NIY).