Multi Let Industrial Estate, 142 Strathcona Drive, Glasgow, G13 1JQ

  • Unconditional Online Auction Sale
  • Guide Price* : £295,000

SALE BY ONLINE AUCTION 28TH JANUARY 2021. Great opportunity to purchase five commercial units - the majority of an Industrial Estate in Anniesland, Glasgow. All units are currently let on short-term leases. Potential combined rental income of £33,000 per annum.

Description

SALE BY ONLINE AUCTION 28TH JANUARY 2021. Great opportunity to purchase five commercial units - the majority of an Industrial Estate in Anniesland, Glasgow. All units are currently let on short-term leases. Potential combined rental income of £33,000 per annum.

***Incredible Asset Management / Investment Opportunity***Majority of an Industrial Estate in Prime West End of Glasgow location***All Units are currently let in a prominent & established commercial location***Near to Anniesland Cross & Motorway Road connections**

Unique Industrial Units in Prime Glasgow Location***If properly asset managed these units should achieve a rental income of £33,000 per annum*** Currently under let at £19,400 per annum*** All short term leases to long term tenants***

If full site was assembled this could form a fabulous possible potential residential development site subject to obtaining all necessary statutory consents*** Unique Opportunity to acquire an income producing industrial portfolio in prime location***

Great Value Fully let estate*** Split up value potential in excess of £400k (details of potential values and rental figures in main description)*** Road links can be found via the Clyde Tunnel, Clydeside Expressway and M8 motorway network. Glasgow University ensures steady rental demand.

Unique and seldom available property likely to attract substantial interest from professional property investors and owner occupiers alike***

*** Unique auction property*** Incredible Asset Management / Investment Opportunity***Majority of an Industrial Estate in Prime West End of Glasgow location*** The portfolio comprises a parade of 5 industrial workshops contained within an L shaped block surrounding a shared yard. Units 1-4 are between 600 – 680 sq ft and unit 6 is circa 1600 sq ft.*** Current rents being received are: Unit 1 - £4,400 pa Unit 2 - £2,700 pa Unit 3 - £2,700 pa Unit 4 - £4,200 pa Unit 6 - £5,400 pa*** Estimated Achievable rents are: £500 pcm for units 1-4 & £750 pcm for unit 6*** Total Achievable Rent: £33,000 per annum*** If the portfolio were to be split up and sold we estimate that units 1-4 could sell for in the region of £75,000 each and unit 5 would sell for £100,000…Total potential achievable sales of £400,000*** Magnificent Site and Excellent long term investment*** Potential for massive rental returns***This industrial estate is in a prominent position near to a main arterial route within the wet end of Glasgow***Established Residential / Industrial location in The West End of Glasgow with excellent Occupier demand*** Unique Opportunity with potential to develop: increasing the Size, value and Possible income levels from the portfolio***ASSET MANAGEMENT POTENTIAL***

To view legal documents for all properties, and to register for our online auctions please visit our website.

* 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.

Bidding not yet open
Minimum Opening Bid

TBA


Bidding Opens On
28th Jan 2021 09:00
End Date

Connecting to server...

Agreement Documents

Legal Documents

Log in to view legal documents

Share