Page 23 - Shepherd Commercial Auction June 2022

Lot 24
Features:
• Town centre location
• Net initial yield 13.5% at the current Guide Price
• Rent - £7,000 per annum on a 5 year lease with tenant break option. • RV: £8,200
Description:
A retail premises occupying a traditional two storey and attic stone and slate tenement. Internally the property includes a retailing area together with staff room and w.c. The subjects occupy a prominent location on Alloway Street in a popular town centre retailing area.
Accommodation
40.9 Square metres (440 Square feet)
Commercial Investment
Let on a new full repairing and insuring lease for a period of 5 years from 21st February 2022 at a rent of £7,000 per annum, there is a tenant break option at the end of Year 2. We are advised that a rent deposit of £1,750 is held by the landlord.
Energy Efficiency Rating: TBC Tenure: See Legal Pack
Viewing:
Viewings by arrangement with Shepherd Commercial Property Auctions -Tel: 01292 267987 Email: kevin.bell@shepherd.co.uk
Auction Type: Unconditional Sale. The buyers fee is 2.4% including VAT subject to a minimum of £1,600 including VAT
*Guide Price £51,000+ (plus fees)
Lot 25
Features:
• Site area approx 0.2 Acres • Nearby transport links
• Residential area
Description:
The subjects form a rectangular shaped site that extends to approximately 0.2 acres. The site is bordered by residential dwelling on Murano Street and Murano crescent, as well as the Forth and Clyde Canal which runs to the south off the subjects.
Location:
The subjects are situated on the south side of Murano Street, in close proximity to the junction with Firhill Road. The subjects position within Glasgows west end allows it to benefit from nearby transport links such as the M8 Motorway and Great Western Road. The surrounding area consists predominately of residential dwellings. Murano halls of residence are also situated in very close proximity which host a large amount of Glasgow University’s student population. There is also a wealth of commercial occupier within the area. Maryhill Tesco is located within a mile of the subjects, alongside a variety of local and national occupiers also taking occupancy within the vicinity. The subjects further benefit from nearby public transport links, with various subway and train stations all located within walking distance. Nearby bus routes are also available in the immediate vicinity.
Rateable Value
The subjects are entered into the current valuation roll with a rateable value of nil. The subjects would require to be separate assessment post development. The rate poundage for 2021/2022 is £0.49 to the pound.
*Guide Price £59,000+ (plus fees)
*Please see Buyer’s Terms for definition of guide price and auction fees
55 Alloway Street, Ayr KA7 1SP
Site at Murano Street, Glasgow G20 7RS
For identification purposes only. Not to scale.
Vacant possession upon completion 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 1.5% plus VAT (1.8% including VAT) subject to a minimum of £2,500 plus VAT (£3,000 including VAT)
Next Auction: 28th May 2020 | 23