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Agent's details

First Bus Retail Investment - 372 Dumbarton Road, Glasgow

For sale: POA|981 Sq Ft|Retail

Property details

FOR SALEPOA
SIZE981 Sq Ft
ADDRESSCard Factory, 372 Dumbarton Road, Glasgow, City of Glasgow, G11 6RZ
TYPERetail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON11th September 2021

Description

Substantial Frontage
Ground Floor
981sq ft
Let to: First Bus Group
Expiry: 1st July 2026
Passing Rent: £25,000p.a.x
Guide Price: £285,000

Location

The property is situated on the north side of Dumbarton Road between its junctions with Peel Street and Fortrose Street within the Partick area of Glasgow. The area is a very popular locale for retail, services and other businesses, with Partick Burgh Hall situated to the rear of the demise. Gentrification over the recent years has seen local property prices steadily increase with a high demand for apartments, both traditional and new build, accommodating demand for student accommodation, young professionals and families looking to move to the area.

The area is well serviced by public transport links with a large bus terminus located on Anderson Street adjacent with Partick Train Station located there also with both above and underground train stations.

Neighbouring occupiers includes; Greggs, T.S.B, Bupa Dental Care, Morrisons Supermarket, Subway Sandwiches and Ladbrokes.

Property

The property comprises a ground floor commercial unit set within a larger 4 storey tenemental building of traditional sandstone construction surmounted by a pitched roof.

Offering a prominent glazed frontage, the property is accessed from its westernmost side via a double, timber and glazed door.,

Internally, the property is fitted out to a good standard with lighting provided by way of L.E.D. panels and halogen spots recessed within the suspended acoustic tile ceiling. Partitions have been erected to form staff tea prep area and w.c. facilities.

Area

The property has been measured on a net internal area basis to extend to the following floor area;

Ground: 91sqm (981sq ft)

Executive Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: First Glasgow (No.1) Ltd
Expiry: 1st July 2026
Passing Rent: £25,000per annum
Further: The tenant, t/a First Bus is one of Europe’s largest private, public transport operators. The tenant operates this premises for ticket sales and is one of a number of outlets throughout the country for sales bases for their bus and rail operations

Sale

Our client would consider disposing of their freehold interest for £285,000

V.A.T.

We understand the vendor has opted to tax the property as such the transaction will he treated as a ToGC (transfer of a going concern)

E.P.C.

Available on request

Lease & Title

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction

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.

Location

marker
Location: Card Factory, 372 Dumbarton Road, Glasgow, City of Glasgow, G11 6RZ

Partick (0.0 miles)

Hyndland (0.5 miles)

Exhibition Centre (1.1 miles)

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