FOR SALE BY ONLINE AUCTION THURSDAY 6TH OCTOBER 2022. A fantastic opportunity to purchase a tenanted commercial property operating as a Café in extremely busy, high footfall, sought after area that is adjacent to Crossmyloof train station *** Currently let on a 10 year lease at £10k per annum expiring May 2029 achieving a yield of 7.4% at guide price ***
• Rare opportunity to purchase an extremely well situated Café on Minard Road in Shawland's. Minard Road is a busy street and is a densely populated and highly desirable residential area. The property further benefits from being adjacent to Crossmyloof train station.
• The property is comprised of a ground floor café unit along with basement storage accommodation. The shop has a display frontage with metal roller shutter doors. Internally it has a main seating area, kitchen, storage and a toilet to the rear. There is also a small area to the front of the property which has previously been used as a seating area.
• Shawlands is a an extremely popular and busy area which hosts various shops, restaraunts and cafes. It is also a densely populated, and highly desirable, residential area.
*** Currently let on a 10 year FRI lease at £10k per annum expiring May 2029. Pending rent review. Great long term investment opportunity in prime location ***
Shawlands is a suburb of Glasgow, Scotland, which is located around 2 miles south of the River Clyde. The area is considered the "Heart of the Southside" and is known for its independent restaurants, bars and cafés. Shawlands has been named as one of the best places to live in Scotland and has been named in a guide as one of the most desirable locations in Britain.
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Tenanted commercial property operating as a Café in extremely busy, high footfall area
Currently let on a 10 year lease at £10k per annum
Adjacent to busy train station
* 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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