Rent increasing to £40,000 p.a. in 2019 and £45,000 p.a. in 2024
Prominent corner position at busy junction of Pollockshaws Road and Kilmarnock Road
Nearby occupiers include Greggs, Clydesdale Bank and Royal Bank of Scotland
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 70
Auction 11th February 2016
Rent £35,000 per Annum Exclusive
Status Sold
Price £485,000
Sector Medical/Healthcare
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles south of Glasgow city centre
Roads
A77, M77 and M74
Rail
Shawlands and Pollockshaws East Stations Glasgow Central Station
Air
Glasgow Airport (8 miles west)
Situation
The property is situated in a prominent corner position on Pollockshaws Road in the popular Glasgow suburb of Shawlands. Nearby occupiers include Royal Bank of Scotland, Greggs and Clydesdale Bank. Pollockshaws Road links with the main A77 linking Glasgow city centre and the M77 Motorway towards Ayr.
Tenure
Heritable.
Location
Miles
3 miles south of Glasgow city centre
Roads
A77, M77 and M74
Rail
Shawlands and Pollockshaws East Stations Glasgow Central Station
Air
Glasgow Airport (8 miles west)
Situation
The property is situated in a prominent corner position on Pollockshaws Road in the popular Glasgow suburb of Shawlands. Nearby occupiers include Royal Bank of Scotland, Greggs and Clydesdale Bank. Pollockshaws Road links with the main A77 linking Glasgow city centre and the M77 Motorway towards Ayr.
Tenure
Heritable.
Description
The property comprises a basement and ground floor unit as part of a traditional tenement building. A former bank, the property benefits from a return frontage onto Skirving Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a basement and ground floor unit as part of a traditional tenement building. A former bank, the property benefits from a return frontage onto Skirving Street.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews (Reversion)
Ground Lower Ground
Dental Surgery Ancillary
192.38 sq m 208.55 sq m
(2,070 sq ft) (2,244 sq ft)
INDIVIDUALS (t/a Shawlands Dental Care) (1)
15 years from 01/08/2014 on a full repairing and insuring lease (2)
£35,000
01/08/2019 01/08/2024 (31/07/2029) (3)
Totals
400.93 sq m
(4,314 sq ft)
£35,000 (3)
(1) Shawlands Dental Care is a dental practice offering both private and NHS treatments (www.shawlandsdentalcare.co.uk 15/01/2016). The dental surgery relocated to 1149/1153 Pollockshaws Road from a smaller surgery in 2014. (2) The lease is subject to a Schedule of Condition. (3) The lease provides a fixed rental uplift to £40,000 p.a. on 01/08/2019 and to £45,000 p.a. on 01/08/2024. Should the tenant extend their lease at the end of the existing lease term, the rent will increase to £50,000 p.a.
