FOR SALE BY ONLINE AUCTION WEDNESDAY 29TH OF JANUARY 2025 AT 9AM - ***POTENTIAL 9.6% YIELD BASED ON GUIDE PRICE AND MARKET RENTAL VALUES!***FANTASTIC OPPORTUNITY TO PURCHASE RETAIL INVESTMENT WITH HIGH YIELD ***LET TO GRANNY'S KITCHEN***
***HIGH YIELDING INVESTMENT***The property is currently let to Granny's Kitchen. The current rent being paid is £7,631 per annum, but the market rent value is £12,000 thereby producing a yield of 9.6%
***100% PRIME LOCATION***- Situated on the very busy Dumbarton Road thoroughfare, and is near to Glasgow University, Byres Road and Ashton Lane.
***Size of 33.69 square metres***
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 151, Broomhill Avenue, Glasgow, G11 7ND (SOLD OCT'24) - £355,555
- 1, 2/2, Fortrose Street, Glasgow, G11 5NU (SOLD OCT'24) - £302,555
- 292 Crow Road, Glasgow, G11 7LB, (SOLD OCT'24) - £276,999
100% PRIME LOCATION which is near to Glasgow University, Byres Road and Ashton Lane.
***GLASGOW CITY CENTRE CLOSE BY*** - Sauchiehall Street, the Buchanan Galleries, Argyle Street, cafes, restaurants and bars are also nearby accessible by road, rail and underground, together with a number of primary schools and secondary schools, and only a few minutes to Glasgow University, with Glasgow Caledonian University and Strathclyde University only a little further away.
***EXCELLENT TRANSPORT LINKS***Excellent public road and rail transport nearby, including Partick Underground. A large number of buses can be easily accessed to travel all around the city.
***Glasgow is the largest city in Scotland, and the city centre is busy and thriving, with no shortage of demand for residential space***There are many transport links to and from the city, with the M8 motorway running through the centre and two large train stations, as well as multiple bus routes into and within the centre***Local amenities include a high number of restaurants, bars, nightclubs, theatres and cinemas.***The M8 Motorway network provides easy access for commuting across central Scotland as well as Glasgow International Airport.***
GUIDE PRICE: £125,000
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Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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