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ref: L99778

Investment Properties For Sale- Closing Date set at noon, 30 April 2019

Available
Under Offer
Price
£110,000 (€125,455 approx)
Location
1830 & 1832, Maryhill Road, GLASGOW, G20 0HD
Property Type
High Street
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KEY FEATURES



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CLOSING DATE: NOON, 30 APRIL 2019
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Prominent main road location
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Leased to local individual occupiers
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Total income receivable £13,000 pa equivalent

LOCATION


Maryhill is a residential suburb that comprises a mix of high, medium and low rise social and private housing, and is bounded by Ruchill Park, the River Kelvin, the Glasgow Botanic Gardens, and Ruchill Park Golf Course. The properties are situated in the Maryhill suburb on the east side of main vehicular route Maryhill Road (A81) some 3 miles north west of Glasgow city centre and 1.6 miles south east of the Canniesburn Toll roundabout. They lie 100m north of the junction with Cowal Road and 0.8 mile north of Maryhill Shopping Centre, just south of the junction with Duncruin Street which leads east into a local authority housing scheme.


DESCRIPTION


The properties comprise two adjacent single storey units within a modern brick built development under pitched tiled roof. 1830 is a hot food unit trading as Feng Huang Chinese Takeaway. 1832 is a shop and is trading as Circle of Life Casting Studio.


ACCOMMODATION


The properties provide the following approximate floor areas (net internal): 1830- 951 sq. ft. (88.36 sq. m.) 1832- 585 sq. ft. (54.37 sq. m.)


TENURE


The properties are heritable and are available with the benefit of the lease/agreement as detailed below. 1830 - 20 years FRI lease from 11 December 2006 to 10 December 2026 with passing rental of £7,800 pa. 1832 - 12 months agreement from 2 August 2018 at £100 per week, payable 1 month in advance (equivalent to £5,200 pa). The Tenant pays building insurance, utilities, rates, and accepts the premises as being wind and watertight and good tenantable condition at the date of entry.


TERMS


We are instructed to seek offers for the properties as follows: 1830 - offers over £65,000 1832 - offers over £45,000


RATEABLE VALUE


The properties are individually assessed with Rateable Values (RV) as follows: 1830: £7,200 (Shop) 1830: £4,600 (Shop)


VAT


VAT, if applicable, will be payable in addition to the purchase price.


LEGAL COSTS


Each party is to be responsible for their own legal and professional fees in connection with any transaction.


FURTHER INFORMATION & VIEWING


A closing date for offers has been set for noon on Tuesday 30 April 2019.All offers must stipulate clear purchaser contact details and provide confirmation of the finance available to fund the acquisition. For the avoidance of doubt our clients are not bound to accept the highest or indeed any offer submitted. For further information and viewings please contact the sole agents, Colliers International. Contact Paul Shiells on 07831 640777 (mobile)


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 26/08/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499