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).