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Agent's details

BETFRED BOOKMAKER INVESTMENT - SHETTLESTON ROAD, GLASGOW

For sale: POA|1,850 Sq Ft|Retail, Retail - High Street, Retail - Out of Town, Leisure Property, Licensed & Leisure

Property details

FOR SALEPOA
SIZE1,850 Sq Ft
ADDRESSBetfred, 1061 Shettleston Road, Glasgow, City of Glasgow, G32 7PE
TYPERetail, Retail - High Street, Retail - Out of Town, Leisure Property, Licensed & Leisure
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON13th December 2023

Description

Busy Location
Rarely Available Investment
Let to Betfred
Expiry Feb 2027
Passing Rent: £16,743.71p.a.
V.A.T. Free
Price: £198,000

Location

The subject property is located in the Shettleston area of Glasgow’s East End approximately 5 miles from the city centre.
More specially the subject property is situated on the north side of Shettleston Road between its junctions with Chester Street & Evie Street within its prime section where neighbouring occupiers include “The Drum” Public House, Boots, Greggs and Anderson Maguire Funeral Directors.

Property

The property comprises mid-terraced single storey ground floor retail premises.
Internally the property offers a large open-plan retail accommodation with public front area and staff / customer toilets, kitchen tea prep found to the rear, heating and cooling is provided by way of air conditioning units recessed within the suspended acoustic tile ceiling.
Free on-street parking is found immediately to the front of the subjects.

Area

The property has been calculated to extend to the following Net Internal area;

171.91sqm (1,850sq ft)

Executive Summary

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

Tenant: Done Brothers (Cash Betting) Ltd
Expiry: February 2027
Passing Rent: £16,743.71p.a.
Option To Extend: The tenant has an option to extend for a further 15years

Price

Our client is offering their freehold interest in the subjects for £198,000

V.A.T.

The property has not been elected for V.A.T.

E.P.C.

Available on request

Lease

Available on request

Legal

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

Location

marker
Location: Betfred, 1061 Shettleston Road, Glasgow, City of Glasgow, G32 7PE

Shettleston (0.4 miles)

Carntyne (0.6 miles)

Carmyle (1.2 miles)

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