SALE BY ONLINE AUCTION 9TH JULY 2020 AT 9.00AM.
Online Property Auctions Scotland are delighted to offer this high yielding commercial investment property comprising of the following.
2 separate properties let on individual leases to the same principles giving a combined annual rental income of £24,000 (16% yield based on guide price)
Both are let on FRI leases with the restaurant being £7000 per annum and the pub being £17000 per annum. The pub lease has 10 years unexpired left on lease and the current operator has 15 years continuous trading history from this unit.
The premises are described as follows.
The restaurant consists of the entire first floor and is accessed from street level via a main door.
The public house is located on the ground floor below.
The premises are located in the heart of Cambuslang Main Street, which has a range of independent and national chain stores. Local traders include, Greggs, Costa Coffee, Superdrug, Morrisons, Wetherspoons. Local Regional council offices are located opposite. Cambuslang train station is also nearby.
Cambuslang is a popular commuter area for Glasgow City and continues to see inward investment with multiple new build housing developments nearby.
120 Main Street Cambuslang - £151,100 (Oct 2018)
98 Main Street Cambuslang - £90,000 (Nov 2018)
142 Main Street Cambuslang - £315,000
130 Main Street Cambuslang - £125,000
90 Main Street Cambuslang - £127,500 (2017)
Turnkey commercial investment of £24,000 (16%) per annum.
Central location in vibrant High Street location.
Prime location within developing area.
Heavily discounted guide price to ensure sale.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.