Page 12 - Shepherd Commercial Auction June 2022

Lot 11
476 Sauchiehall Street, Glasgow G2 3LW
*Guide Price £400,000+ (plus fees)
Features:
• 44.98 sq m (484 sq ft)
• Unexpired lease term of approx 17 years. • Yield: 8.4% at the current Guide Price
• Passing Rent: £35,000 per annum
Description:
The subjects comprise a hot food takeaway unit occupying and end-terrace, ground floor unit, contained within a larger two-storey building, surmounted by a pitched tiled roof. The premises benefits from a large glazed display frontage with high visibility onto the high pedestrian and vehicular section of Sauchiehall Street. Internally, the unit is arranged over purely ground floor with an open plan sales area. The rear of the subjects comprise a kitchen preparation area, storage and staff w.c facilities.
Location:
The subjects are situated on the west side of Sauchiehall Street, within close proximity to the city centre of Glasgow. The subjects benefit from excellent transport links with junction 18 of the M8 Motorway which links Glasgow with major road networks throughout Scotland. The location benefits from excellent public transport links with Charing Cross train station situated a short distance away. Both Glasgow Queen Street and Central Station can also be found in the city centre. The property is situated on an established retail parade with surrounding occupiers of national and local covenant strength. Also close to local amenities.
Commercial Investment
The subjects are currently let to 'Lord of the Fries' on a full repairing and insuring lease. The lease commenced in May 2018 for a period of 21 years with no break options. Upwards only rent reviews enforceable every 5th anniversary with the next being May 2023.
Rateable Value
The subjects are entered into the current valuation roll with a rateable value of £11,500. Energy Efficiency Rating: G
Tenure: See Legal Pack
Viewing:
Viewings by arrangement with Shepherd Commercial Property Auctions -Tel: 0141 331 2807 Email: a.honeyman@shepherd.co.uk
Auction Type: Unconditional Sale. The buyers fee is 2% plus VAT (2.4% including VAT) subject to a minimum of £2,985 plus VAT (£3,474 including VAT)
*Guide Price £400,000+ (plus fees)
12 | *Please see Buyer’s Terms for definition of guide price Closing date for next Auction: 7th May 2020 - Entries Invited and auction fees