Rarely Available Freehold Opportunity
Ground & 1st Floor
1,711sq ft
Held On FRI Lease To Cancer Research
Tenant In Situ Since 1988
Lease Extended to July 2029
Headline Rent: £39,195p.a.x
Price: £440,000
Location
The property is situated on the west side of Busby Road close to its junction with Busby Road roundabout linking Eaglesham Road.
Busby Road is one of the arterial routes within the south side of Glasgow, linking Clarkston with Giffnock, Busby and East Kilbride. Busby Road forms the main shopping thoroughfare in Clarkston with various multiple occupiers in the vicinity including Tesco, PDSA, Shelter, Pizza Hut, Betfred, Boots & Costa Coffee
Property
The property forms a mid terraced commercial space with prominent glazed frontage surmounted by a pitched roof.
The property is accessed via recessed double door entrance presenting an open plan retailing space internally.
The property has been renovated to a high standard with suspended acoustic ceiling tiles with L.E.D panels therein additionally the property offers a first floor area, currently utilised for storage. The property benefits from a rear exit to a common loading yard shared with the neighbouring occupiers.
Area
Ground: 120.48sqm (1,297sq ft)
1st: 38.52sqm (414sq ft)
Total: 159sqm (1,711sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease on the following terms;
Tenant: Cancer Research Uk Ltd
Expiry: 13th July 2029 (in situ since 1988)
Passing Rent: The headline rent agreed is £39,195pa and the tenant was granted 9 months rent free to be amortised over the 6 year lease period.
The current rent payable is £34,296.62pa for the duration of the lease.
Further Info: Cancer Research UK Ltd is a subsidiary of Cancer Research UK, a major cancer research and awareness charity based in the UK. The subsidiary is involved primarily in trading activities, such as running shops and other revenue-generating initiatives, the profits of which are donated to the charity to support cancer research. In the latest available financial report for Cancer Research UK, the charity's total income for the 2022/2023 financial year was approximately £670 million
Price
The property is available on a freehold basis for £440,000
E.P.C
Available on request
V.A.T
Prices quoted are exclusive of V.A.T
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business
Anti-Money Laundering
In order to comply with anti-money laundering legislation, the successful purchaser / tenant will be required to provide certain identification documents. The required documents will be confirmed to and requested at the relevant time