1002 Govan Road Glasgow G51 3DU

1002 Govan Road
Glasgow
G51 3DU

Heritable Retail Investment

Busy roadside location
Close to Govan Cross Shopping Centrewith occupiers including British Heart Foundation, Subway and Farmfoods
Let to William Hill Organization Limited until 2025 (no breaks)
Tenant has been in occupation of the unit since 1992
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
83
Auction
7th July 2016
Rent
£14,000 per Annum Exclusive
Status
Sold
Price
£160,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

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Heritable Retail Investment

Busy roadside location
Close to Govan Cross Shopping Centrewith occupiers including British Heart Foundation, Subway and Farmfoods
Let to William Hill Organization Limited until 2025 (no breaks)
Tenant has been in occupation of the unit since 1992
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 83
Auction 7th July 2016
Rent £14,000 per Annum Exclusive
Status Sold
Price £160,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG

Property Information

Location

Miles: 4 miles from Glasgow city centre, Roads: M8, A739, A8
Rail: Cardonald Station, Glasgow Central Station
Air: Glasgow International Airport

Situation

The property is located approximately 4 miles west of Glasgow city centre on the south side of the River Clyde. Govan Road is a main route to the city centre from the south west. The property forms part of a parade of retail shops let to local occupiers. Above the parade is traditional tenement flats with a number of modern social housing schemes opposite the property. Within two miles of the property is Pacific Quay, with large occupiers including BBC and Scottish Television (STV)

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location

Miles: 4 miles from Glasgow city centre, Roads: M8, A739, A8
Rail: Cardonald Station, Glasgow Central Station
Air: Glasgow International Airport

Situation

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises a ground floor retail unit within a four storey terraced tenement building. The property benefits from extensive frontage onto Govan Road . There is on street parking immediately outside the unit.

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Jarvis of Acuitus Scotland on 0131 552 5191.

EPC

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

Description

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Jarvis of Acuitus Scotland on 0131 552 5191.

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	Review/(Reversion)
Ground	Retail	141.77 sq m	(1,526 sq ft)	WILLIAM HILL ORGANIZATION LIMITED (1)	10 years from 12/06/2015 on a full repairing and insuring lease	£14,000	11/06/2020 (11/06/2025)
Total		141.77 sq m	(1,526 sq ft)			£14,000

(1) William Hill are now the largest bookmaker in the UK with a network of over 2,360 licenced betting shops across the UK. The business employs 12,500 people in the UK. (Source: www.williamhillplc.com 08/06/2016) For the year ending 29th December 2015, William Hill Organization Limited reported a turnover of £873,900,000 and a pre-tax profit of £246,400,000. (Source : Experian Group 08/06/2016)