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2.00pm 22nd November 2018 - Marriott Hotel in Edinburgh
Lot 7

30 WESTMUIR STREET, GLASGOW, G31 5BH

Retail Investment – Income £5,000 p.a.

Location

Westmuir Street lies some 2.5 miles east of Glasgow City Centre in the Parkhead area. Running north-east from Parkhead Cross, Westmuir Street is a busy thoroughfare which links through to Shettleston Road. The subjects are located to the southmost side of Westmuir Street, close to Gallowgate and Tollcross Road and approximately 3 miles to the east of Glasgow City Centre. The Parkhead area has seen recent regeneration due in part to the Commonwealth Games being held at various locations in the area and ongoing projects such as the Parkhead Cross Townscape Heritage Initiative and Parkhead Hub. An increase in available housing has seen the population of the Parkhead and surrounding areas growing significantly since 2011. The surrounding area is one of mixed commercial and high-density residential uses providing local trade in the area. Occupiers within the vicinity include Council Finance Offices, Boots, Farmfoods, William Hill, Greggs and a good selection of independent traders which appear to be generally actively occupied. Some limited on street parking is available and there is further parking available on the side streets.

Description

The shop unit forms part of the ground floor of a midterraced, four-storey tenement of stone and slate construction. The subjects have a frontage onto Westmuir Street incorporating double display units and glazed entrance doorway. Internally, the unit comprises a front shop and back shop with small office, toilet and kitchenette area. The unit benefits from electric heating, laminate wood flooring and strip/fluorescent lighting.

Accommodation

Accommodation sq.m. sq.ft.
Front shop 48.2 sq.m. (519 sq.ft)
Back Shop 28.0 sq.m. (301 sq.ft)
Total (excl. toilet/common areas) 76.2 sq.m. (820 sq.ft) approx.
Gross frontage 6 m (19’7”) approx.

EPC

Upon request

Tenure

The property is currently leased to Sense Scotland (originally The National Deaf-Blind and Rubella Association) for 20 years from 11/2/93 until 10/2/13 subject to a current extension until 10/2/18. The lease is continuing on tacit relocation at a current rent of £5,000 p.a. The lease includes repairing and insurance provisions and there is also provision for the rent to be reviewed every 5 years. Interested parties are advised to inspect the lease documentation which comprises part of the title pack and can be obtained from Leslie Wolfson Solicitors.

Rateable Value

£7,500

Viewing

By arrangement with the Auctioneers, SVA Property Auctions Ltd Tel 0131 624 6640.




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