Rates Exempt
Centre of Partick
1,100sq ft
Held on F.R.I Lease
Passing Rent: £12,000p.a. (Under Rented)
Expiry: 31st December 2027
Review 2025
Sale: £190,000
Location
The property is situated on the east side of Crow Road at its junction with Dumbarton Road within the West End of Glasgow. The area is characterised with dense residential dwellings by way of traditional tenemental sandstone buildings with an offering of local and national commercial operations at ground floor. Nearby residential developments at Glasgow Harbour and student accommodation sites in neighbouring Yorkhill provide a further influx of persons to the area.
Nearby operations include The Rosevale Tavern, McDonalds, Marks & Spencer Simply Food, Sainsbury’s and Locavore.
Property
The property comprises a ground floor retail space within a larger 4 storey traditional sandstone development surmounted by a pitched roof.
The property offers a single timber framed and glazed frontage secured by aluminium roller shutters.
Internally the property offers an open plan retailing / office space with partition to form w.c, tea prep and individual office.
The property benefits from class 1 consent
Area
The property has been calculated to extend to the following floor area;
102.2sqm (1,100sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease in the following terms;
Tenant: Personal Name
Term: 1st January 2016 - 31st December 2027
Passing Rent: £12,000p.a
Rent Review: 2025
We would expect the rent to be increased to minimum £16,000p.a - £17,500p.a. 4 Crow Road was recently let at £12,000per annum with a 512sq ft floor area
Price
The property is available on a freehold basis for £190,000
V.A.T
The property has not been elected for 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