2 Drumchapel Road Glasgow G15 6QE

2 Drumchapel Road
Glasgow
G15 6QE

Heritable Retail Investment

  • Let to Tote Bookmakers Limited t/a Betfred until 2026 (no breaks)
  • Tenant option to extend the lease for a further five years
  • Prominent roadside location
  • Close to Drumchapel Railway Station (approx 20 mins direct to Glasgow City Centre)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    59
  • Auction
    25th May 2017
  • Rent
    £36,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £370,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Retail Investment

  • Let to Tote Bookmakers Limited t/a Betfred until 2026 (no breaks)
  • Tenant option to extend the lease for a further five years
  • Prominent roadside location
  • Close to Drumchapel Railway Station (approx 20 mins direct to Glasgow City Centre)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 59
  • Auction 25th May 2017
  • Rent
  • Status Sold
  • Price £370,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
5 miles north-west of Glasgow city centre
Roads
A82, M8
Rail
Drumchapel Railway Station
Air
Glasgow International Airport
Situation

The property is located in Drumchapel, a largely residential area to the north-west of Glasgow City Centre. The property occupies a prominent end of terrace corner position, on the south side of Drumchapel Road at its junction with Garscadden Road. The property is close to Drumchapel Railway Station (direct access to Glasgow City Centre in approx 20 mins) and Great Western Retail Park which houses retailers including Sainsbury's, B&Q, Pets at Home, Starbucks, KFC and McDonald's.

Tenure

Heritable. (Scottish Equivalent of English Freehold) .

Location
Miles
5 miles north-west of Glasgow city centre
Roads
A82, M8
Rail
Drumchapel Railway Station
Air
Glasgow International Airport
Situation

The property is located in Drumchapel, a largely residential area to the north-west of Glasgow City Centre. The property occupies a prominent end of terrace corner position, on the south side of Drumchapel Road at its junction with Garscadden Road. The property is close to Drumchapel Railway Station (direct access to Glasgow City Centre in approx 20 mins) and Great Western Retail Park which houses retailers including Sainsbury's, B&Q, Pets at Home, Starbucks, KFC and McDonald's.

Tenure

Heritable. (Scottish Equivalent of English Freehold) .

Description

The property comprises ground floor retail accommodation and forms part of a larger retail parade. The property has the benefit of six car parking spaces to the side of the unit.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation and forms part of a larger retail parade. The property has the benefit of six car parking spaces to the side of the unit.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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 Reversion
Ground
Betting Shop
176.60 sq m
(1,901 sq ft)
TOTE
BOOKMAKERS
LIMITED t/a Betfred
(1)
20 years from
22/12/2006
£35,000
22/12/2026
Advertising
Hoarding

 

(–)
FORREST OUTDOOR MEDIA
LIMITED
From completion
£1,000
22/12/2026
Totals  
176.60 sq m
(1,901 sq ft)
    £36,000
 

(1) Founded in 1967, Betfred is one of the UK's largest bookmakers employing over 10,000 staff across 1,380 licensed betting offices (Source: www.betfredcorporate.com).

Property Documents

  • Catalogue Page
    Updated Date
    01.11.19
    File Size
    854 KB
    View PDF
  • Site Plan
    Updated Date
    01.11.19
    File Size
    734 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Associate Auctioneers
Shaw Smith Property 2F , 95 West Regent St
Glasgow
G2 2BA
Dermit Smith 0141 433 1957dermit@shawsmithproperty.com
Seller's Solicitors
Morisons LLP 1 Exchange Crescent Conference Square
Edinburgh
EH3 8AL
Robin Valentine 0131 240 8657robin.valentine@morisonsllp.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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