Tenanted Commercial Property, 607 London Roa, Glasgow, G40 1NE

Prime commercial unit located in sought after street in Glasgow.

Property is currently tenanted to a hairdressers and is producing a rental income of £525. Fantastic yield at Guide price of £50,000. Property is producing a gross annual income of £6,300 which give a yield of 12.6% making it a very attractive investment opportunity.    

The lease was signed January 2024 and is due to end on the 7th January 2027.    

This property benefits from being located in a sought after area and is an easily lettable unit.

Property will be sold with the tenant in situ. A copy of the lease can be downloaded along with copy of the title documents.

Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.

Location

Bridgeton and its neighbouring areas have undergone massive transformation in the last seven years as part of Clyde Gateway's regeneration plan. With the launch of the Athletes Village for the 2014 Commonwealth Games, the area is now bustling with new residential homes, office accommodation and community amenities. Glasgow Green and the People's Palace are a short walk away making the area an attractive option for tenants.

The property is very well located for transport links including regular trains from Bridgeton Station, excellent road links to the nearby M8 and M74 motorways and local bus services offering a variety of routes.

Accommodation

Property comprises: Sales area, utility room and toilet area.

Terms

Guide Price - £50,000

Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.

Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.

Specification

• Prime commercial unit located in sought after street in Glasgow.
• Property is currently tenanted to a hairdressers and is producing a rental income of £525. Fantastic yield at Guide price of £50,000
• Property is producing a gross annual income of £6,300 which give a yield of 12.6% making it a very attractive investment opportunity.
• The Property has a rateable value of £1,500 per annum which means that the business can claim 100% rates relief.
• Property is located on a busy street benefitting from high passing trade. Sure to appeal to investors.