The Studio, 5 Newton Terrace Lane, Glasgow, Lanarkshire

Property Description

The subjects comprise a detached mews property formed over four levels and includes a private car park capable of accommodating six vehicles. The property is divided into three separate suites all of which are let although with tenants having sub let part of the space within the building. The property is subject to three leases, the main terms are as follows: First Floor & Attic Let at £27,000 p.a. until 30th April 2036 with tenant break option at 30th April 2031. Ground/Basement Floor Studio A Let at £13,000 p.a. until 30th April 2036 with tenant break option at 30th April 2031. Ground/Basement Floor Studio B Let for a period of approx. 7.5 years from 1st June 2019 extended to 31st May 2029 with a tenant break option at 31st May 2027. The rent passing is £9,600 p.a. The total rent passing is therefore £49,600 per annum. A copy of the leases are available upon request.