The subjects comprise a self-contained retail unit or dentist, occupying Unit 3 of a new single storey brick shopping parade with a pitched concrete tile roof.
The subjects have the benefit of large window and double doors to the front and access to a rear service yard. The front windows and door are fitted with roller security shutters.
Internally, the subjects are a shell to allow tenants to construct a space to meet their business needs. The property benefits from 3 phase power and mains gas. A building warrant would be required to undertake fit-out works.
THE VENDOR MAY BE WILLING TO SELL THE FULL RETAIL PARADE.
Location
The subjects are situated within the new shopping parade adjacent to the busy arterial route of Gartloch Road in Garthamlock and close to the Glasgow Fort. The surrounding area has seen substantial regeneration and further new housing is proposed.
The surrounding area is primarily residential in nature. To the south are recently renovated high density tenemental dwellings whilst new housing has been built to the north.
The subjects benefit from a high level of pedestrian and vehicular traffic and are situated on a number of bus routes. Adjacent occupiers include a chip shop and Spar. The latter incorporates the local Post Office and a Subway. An Indian takeaway is due to open shortly.
Accommodation
Net Internal Area: 92.7 sq m (997.8 sq ft)
Terms
RATING ASSESSMENT -
Glasgow City Council would have to be contacted to ascertain what the rates could be, however 100% rates relief may be available to qualifying occupiers under the Small Business Bonus Scheme.
RENTAL/LEASE TERMS – The rent sought is £18,000 per annum for the benefit of a new lease. The duration of the lease is a minimum of 10 years but can be extended by negotiation and would be subject of upwards only rent reviews every 5 years. An initial rent free period of 3 months is offered whilst the tenant obtains a building warrant and undertakes their fit-out.
A service charge of £475 per quarter is sought towards communal assets. The service charge covers external lighting, refuse collection, landscaping and will be reviewed annually based on actual costs.
VAT - Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
LEGAL COSTS - We would expect the ingoing tenant to be responsible for their own legal fees relative to the transaction.
ENTRY - Immediate entry is available following the completion of legal formalities.
Specification
- Ground floor office/retail unit: 92.7 sq m (997.8 sq ft)
- Excellent commercial location
- Prominent unit situated in Garthamlock to the east of Glasgow
- Class 3 Dentist or Class 1 (Retail) Planning Consent
- Communal parking area
- May qualify for 100% rates relief
Rent £18,000 per annum