SHEPHERD Chartered Surveyors is offering a rarely available investment property opportunity in Glasgow’s West End for sale.
Located on the north side of Woodlands Road, occupying a prominent roadside location in Glasgow’s Park area, the premises benefit from high volumes of passing footfall.
Being within close proximity to Glasgow’s city centre, the University of Glasgow and West End, Woodlands Road is a predominantly residential area.
The two adjacent and interconnected retail premises form the ground floor part of a four storey sandstone tenement building.
Will Rennie, surveyor at Shepherd, said: “The properties are let to a private individual trading as ‘Beautylicious’ and jewellers ‘Love Bling’, expiring in 2028 at a current passing rent of £22,000p.a. subject to a rent review in March 2013 and each third anniversary thereafter.
“This is a rare and exciting opportunity for someone to purchase a prominent property with a lengthy unexpired lease term.”
Offers over £220,000 are invited, reflecting an initial yield of 9.7 per cent assuming purchasers’ costs of 2.75 per cent.
Interested parties should contact William Rennie on tel 0141 331 2807.
ENDS
For further information please contact William Rennie Tel: 0141 331 2807
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date 12th November 2012
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