FOR SALE BY ONLINE AUCTION THURSDAY 29TH OF JANUARY 2025 AT 9AM -***HIGH YIELDING, VACANT RETAIL UNIT (12.5%)***SITUATED ON BUSY HIGH STREET IN POLLOKSHIELDS AREA OF GLASGOW***GREAT INVESTMENT OPPORTUNITY***
***HIGH YIELDING INVESTMENT***The property is vacant and the rental value for the retail unit is £15,000 per annum producing a yield of 12.5%
***ESTABLISHED PRIME LOCATION*** - Forming part of a busy and well established row of shops on a busy road, next to a number of local reputable businesses.
***SIZE OF 52.41 SQUARE METRES***
***RECENT NEARBY RESIDENTIAL PROEPRTY SALES***
- 118, 2/1, Deanston Drive, Glasgow, G41 3LQ - (SOLD OCT'24) - £190,000
- 430, 3/2, Tantallon Road, Glasgow, G41 3HR - (SOLD OCT'24) - £170,000
- 15 Nithsdale Road, Glasgow, G41 2AL - (SOLD OCT'24) - £170,000
***Pollokshields is an area in the Southside of Glasgow, Scotland.***Pollokshields had a total population of around 28,000.***In and around Pollokshields are four primary schools (Pollokshields Primary on Albert Drive; Glendale Primary and Glendale Gaelic School on a shared campus located on the south edge of Pollokshields; and St Albert's Primary on Maxwell Drive) and three secondary schools (Bellahouston Academy, located on the western edge of Pollokshields at the M77 motorway; Shawlands Academy in the Shawlands area approximately a mile south of Pollokshields; and Hutchesons Grammar School, a private school with its senior campus in Pollokshields and its junior and pre-school campus nearby).***Pollokshields has three open railway stations: Maxwell Park, Pollokshields East and Pollokshields West, all on the Cathcart Circle Line. Crossmyloof on the Glasgow South Western Line and Dumbreck on the Paisley Canal Line are also nearby. Closed railway stations include Pollokshields and Strathbungo. The area is also served by Shields Road subway station on the Glasgow Subway, located in a non-residential area to the north, and by numerous bus routes. For road transport, the M8, M74, and M77 motorways all serve Pollokshields, while the A77 road runs along the eastern edge of the area.***
GUIDE PRICE: £120,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
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.
***HIGH YIELDING, VACANT RETAIL UNIT (12.5%)***
***SITUATED ON BUSY HIGH STREET IN POLLOKSHIELDS AREA OF GLASGOW***
***GREAT INVESTMENT OPPORTUNITY***
* 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.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.