1397 Dumbarton Road, Glasgow, G14 9XT

Summary

The subjects comprise a corner retail unit forming part of the ground floor and basement of a four storey and basement blonde sandstone tenement property under a pitched and slated roof. The upper floors appear to be residential in nature.

The glazed frontage with recessed entrance door sits under an illuminated fascia board and is protected by a roller shutter. Internally, the ceilings in the main sales area are of suspended tile which incorporate square LED lighting. The walls are of wallpaper/plaster paint and the floor is covered in laminate. Access to the basement is provided via a stairwell at the back of the shop where there are 2 rooms and staff welfare facilities.

Key Points

Tenancy

The property is let on a 19 year full repairing and insuring lease that commenced in January 2023, at a rent of £9,000 per annum. The rent is subject to an open market rent review in January 2025 and on every 3rd anniversary. There are not any break options in the lease.

Tenure

Heritable Interest (Scottish equivalent of English Freehold).

Price

Offers in excess of £100,000 are invited for the heritable interest subject to the lease agreement in place. Based on a rental income of £9,000 per annum a purchase at this level would reflect a net initial yield of 9%.

EPC

A copy of the Energy Performance Certificate (EPC) is available upon request.

Location