410 Duke Street Glasgow Lanarkshire G31 1PX

410 Duke Street
Glasgow
Lanarkshire
G31 1PX

Heritable (Scottish Equivalent of English Freehold) Retail Investment

Ground floor let to Forthbrae Limited t/a Sunset Beach
Forms part of an established retail parade
Prominently situated on Duke Street, one of the main arterial routes leading to Glasgow city centre
Nearby occupiers include Ladbrokes, TSB, Subway and Greggs
VAT is applicable to this sale
Six Week Completion
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
51
Auction
26th March 2015
Rent
£12,500 per Annum Exclusive
Status
Sold
Price
£146,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Trustees

Important Update

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Heritable (Scottish Equivalent of English Freehold) Retail Investment

Ground floor let to Forthbrae Limited t/a Sunset Beach
Forms part of an established retail parade
Prominently situated on Duke Street, one of the main arterial routes leading to Glasgow city centre
Nearby occupiers include Ladbrokes, TSB, Subway and Greggs
VAT is applicable to this sale
Six Week Completion
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 51
Auction 26th March 2015
Rent £12,500 per Annum Exclusive
Status Sold
Price £146,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Trustees

Property Information

Tenure

Heritable.

Tenure

Heritable.

VAT

VAT is applicable to this lot.

EPC

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

Description

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 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	Reversion
Ground	Retail	64.57 sq m	(695 sq ft)	FORTHBRAE LIMITED (with guarantee) (t/a Sunset Beach) (1)	10 years from 01/05/2008	£12,500	30/04/2018
Totals		64.57 sq m	(695 sq ft)			£12,500

(1) For the year ending 31st October 2013, Forthbrae Limited reported a total net worth of £803,062. (Source: www.riskdisk.com 26/02/2015) Forthbrae Limited currently trades as Sunset Beach from 15 locations in Scotland. (Source: www.sunsetbeach.co.uk)