607 London Road, Glasgow, G40 1NE
- PROPERTY TYPE
Retail Property (out of town)
- BEDROOMS
1
- BATHROOMS
1
- SIZE
172 sq ft
16 sq m
Key features
- Prime Property Auctions New Entry. Prime commercial unit located in sought after street in Glasgow.
- Property is currently tenanted to a hairdressers and is producing a rental income of £525. Fantastic yield at Guide price of £39,000
- Property is producing a gross annual income of £6,300 which give a yield of 16.2% making it a very attractive investment opportunity.
- The Property has a rateable value of £1,500 per annum which means that the business can claim 100% rates relief.
- Property is located on a busy street benefitting from high passing trade. Sure to appeal to investors.
Description
- Prime Property Auctions New Entry. Prime commercial unit located in sought after street in Glasgow.
- Property is currently tenanted to a hairdressers and is producing a rental income of £525. Fantastic yield at Guide price of £39,000
- Property is producing a gross annual income of £6,300 which give a yield of 16.2% making it a very attractive investment opportunity.
- The Property has a rateable value of £1,500 per annum which means that the business can claim 100% rates relief.
- Property is located on a busy street benefitting from high passing trade. Sure to appeal to investors.
Prime Property Auctions New Entry. Prime commercial unit located in sought after street in Glasgow. Property comprises: Sales area, utility room and toilet area.
Property is currently tenanted to a hairdressers and is producing a rental income of £525. Fantastic yield at Guide price of £39,000. Property is producing a gross annual income of £6,300 which give a yield of 16.2% making it a very attractive investment opportunity.
The lease was signed January 2024 and is due to end on the 7th January 2027.
This property benefits from being located in a sought after area and is an easily lettable unit.
Property will be sold with the tenant in situ. A copy of the lease can be downloaded along with copy of the title documents.
Property benefits from good footfall and is sure to appeal to landlords looking for an affordable commercial investment.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Location:
Bridgeton and its neighbouring areas have undergone massive transformation in the last seven years as part of Clyde Gateway's regeneration plan. With the launch of the Athletes Village for the 2014 Commonwealth Games, the area is now bustling with new residential homes, office accommodation and community amenities. Glasgow Green and the People's Palace are a short walk away making the area an attractive option for tenants.
The property is very well located for transport links including regular trains from Bridgeton Station, excellent road links to the nearby M8 and M74 motorways and local bus services offering a variety of routes.
607 London Road, Glasgow, G40 1NE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bridgeton Station0.1 miles
- Bellgrove Station0.5 miles
- Dalmarnock Station0.6 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
Disclaimer - Property reference 209868224. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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