152 Dumbarton Road, Glasgow, G11 6XE

Summary

The property comprises a mid-terraced, red sandstone tenement building, arranged over five floors. There is retail space on the ground floor and residential accommodation above.

The subjects comprise a retail unit forming part of the ground floor. The glazed frontage with flush 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 mostly covered in fixtures and fittings. The floor is covered in tiles. There is a sizable store roof to the rear which includes staff welfare facilities.

Key Points

Tenancy

The property is let on a new 15 year full repairing and insuring lease that commenced in May 2024, at a rent of £12,000 per annum. The rent increases to £15,000 per annum from the start of year 2. The rent is subject to open market rent reviews on the 7th and 10th anniversaries. Lease break options are also on the 7th and 10th anniversaries.

Tenure

Heritable Interest (Scottish equivalent of English Freehold).

Price

Offers in excess of £170,000 are invited for the heritable interest subject to the lease agreement in place. A purchase at this level would reflect a reversionary yield of 8.5% after purchasers costs.

EPC

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

What3words

landed.neat.shows

Location