247-249 Saracen Street, Glasgow, G22 5JW

Location

Saracen Street lies around two miles north of Glasgow City Centre in the Possilpark area of the city. It forms part of the A879 arterial route north out of Glasgow towards Bearsden and Milngavie. The area around Saracen Street is predominately residential in nature, with many of the homes comprising traditional style sandstone tenements. There is a wide selection of local and national retailers on Saracen Street and regular bus services to and from Glasgow. Travel north from Glasgow City Centre on the A879 through Port Dundas continuing into Saracen Street at the junction with Possil Road. The property stands on the west side of Saracen Street at the north end of the retail parade, adjacent to a pedestrian crossing, at a sharp bend in the road.

Description

The property comprises part of the ground and first floors of a traditional four storey tenement building of stone construction under a pitched tile clad roof. The property enjoys good frontages to both Saracen and Bardowie Streets. Internally the ground floor accommodation comprises an open plan former banking area, former cash room now occupied by a Bastion ATM unit, private offices, storage and strong room. Internal stairs and a “dumb waiter” style lift provide access to the first floor, which extends to 5 offices, stores, staff room and both male and female toilets. The premises have electric heating, and the majority of the ground floor has suspending ceilings with integral lighting.


Area

The subjects have been measured on a net internal area basis in accordance with the RICS Code of Measuring Practice (6th Edition);

1st Floor: 77.7sqm (836sq ft)
Ground Floor: 99.68sqm (1,073sq ft)
Total: 177.38sqm (1,909sq ft)

NAV/RV 

The subjects have been entered onto the valuation roll by Glasgow City Council with an NAV/RV of;

£11,400

The subjects will require to be reassessed following the implementation of the A.T.M

A.T.M.

The site of the ATM Bastion unit together with the area immediately to the rear of the unit will be the subject of a new lease to the Royal Bank of Scotland PLC for a term of 5 years. The In addition, the Tenants will be granted a Right of Access, at all times, from the front door of the premises, to the ATM Bastion unit for the purposes of servicing it and the tenants will install secure CCTV to monitor the ATM unit. The operator of the ATM will be responsible for the utility costs accrued by the machine.

Proposal

Our client is seeking to offer the subjects for lease on a new full repairing and insuring basis for offers over £20,XXXer annum, our client may consider selling the property with further information available on request.

V.A.T.

All prices and premiums quoted are exclusive of V.A.T.

E.P.C.

The subjects have an E.P.C. rating of Band G