61 Kilmarnock Road Glasgow Scotland G41 3YR

61 Kilmarnock Road
Glasgow
Scotland
G41 3YR

Heritable Retail Investment

  • Let to Poundworld Retail Limited on a new 10 year lease until 2025 (no breaks)
  • Tenant fitting out the unit to commence trading in February 2016
  • Prominent position on busy arterial route and opposite Shawlands Shopping Centre
  • Nearby occupiers include Iceland, B&M Stores and Bank of Scotland
  • Opposite Shawlands Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    49
  • Auction
    11th February 2016
  • Rent
    £70,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £773,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

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

Heritable Retail Investment

  • Let to Poundworld Retail Limited on a new 10 year lease until 2025 (no breaks)
  • Tenant fitting out the unit to commence trading in February 2016
  • Prominent position on busy arterial route and opposite Shawlands Shopping Centre
  • Nearby occupiers include Iceland, B&M Stores and Bank of Scotland
  • Opposite Shawlands Shopping Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 49
  • Auction 11th February 2016
  • Rent
  • Status Sold
  • Price £773,000
  • Sector
    High Street Retail
  • 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 position on Kilmarnock Road opposite Shawlands Shopping Centre. Nearby occupiers include B&M Stores, Iceland, Bank of Scotland, Boots and Barclays with Shawlands Shopping Centre including occupiers Sainsburys, Betfred and Farmfoods. Kilmarnock Road forms the main A77 linking Glasgow city centre and the M77 towards Ayr. The area is highly populated with an estimated 84,000 people living within a 1 mile radius of the property.

Tenure

Heritable. (Scottish equivalent of English Freehold).

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 position on Kilmarnock Road opposite Shawlands Shopping Centre. Nearby occupiers include B&M Stores, Iceland, Bank of Scotland, Boots and Barclays with Shawlands Shopping Centre including occupiers Sainsburys, Betfred and Farmfoods. Kilmarnock Road forms the main A77 linking Glasgow city centre and the M77 towards Ayr. The area is highly populated with an estimated 84,000 people living within a 1 mile radius of the property.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a modern three storey building with retail sales at ground floor. The property benefits from a rear delivery access area. There is potential for redevelopment of the upper floor space for residential use (subject to planning consent).

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.

Description

The property comprises a modern three storey building with retail sales at ground floor. The property benefits from a rear delivery access area. There is potential for redevelopment of the upper floor space for residential use (subject to planning consent).

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
Lower Ground
Ground
First
Ancillary
Retail
Storage
303.98 sq m
461.91 sq m
225.01 sq m
(3,272 sq ft)
(4,972 sq ft)
(2,422 sq ft)
POUNDWORLD
RETAIL
LIMITED (1)
10 years from 30/10/2015 on a full repairing and insuring lease £70,000 29/10/2025
Totals  
990.90 sq m
(10,666 sq ft)
    £70,000

(1) Poundworld started trading in 2004 and now has more than 300 outlets nationwide and employs around 6,000 people. For the year ending 31st March 2015, Poundworld Retail Limited reported a turnover of £422,304,000, a pre-tax profit of £13,726,000 and has a net worth of £22,197,000 (Source: www.riskdisk.com 16/01/2016).

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    488 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
Seller's Solicitors
Peterkins Robertson and Paul Solicitors Kensington House, 227 Sauchiehall Street
Glasgow
G2 3EX
David Morris 0141 331 4510davidmorris@prp-legal.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now