158 Fenwick Road Giffnock Glasgow G46 6XW

158 Fenwick Road
Giffnock
Glasgow
G46 6XW

Heritable Motor Trade Investment

Prominent roadside location on A77
Affluent Glasgow suburb
Let to Kwik-Fit (GB) Limited, guaranteed by Kwik-Fit Holdings Limited on a lease expiring 2029 (NO BREAKS)
Minimum uplifts in 2019 to £52,474 p.a. and 2024 to £55,150 p.a.
Nearby occupiers include Subway, RBS and Lidl (due to open November 2018)

Lot
36
Auction
18th October 2018
Rent
£49,923 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Heritable Motor Trade Investment

Prominent roadside location on A77
Affluent Glasgow suburb
Let to Kwik-Fit (GB) Limited, guaranteed by Kwik-Fit Holdings Limited on a lease expiring 2029 (NO BREAKS)
Minimum uplifts in 2019 to £52,474 p.a. and 2024 to £55,150 p.a.
Nearby occupiers include Subway, RBS and Lidl (due to open November 2018)

Lot 36
Auction 18th October 2018
Rent £49,923 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Motor Trade, Petrol Station
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 5 miles south of Glasgow city centre, 6 miles north-west of East Kilbride, 6 miles south-east of Paisley
Roads: M77, A77
Rail: Giffnock Railway Station
Air: Glasgow Airport

Situation

Glasgow city centre, 6 miles north-west of East Kilbride and 6 miles south-east of Paisley. The property is located on the A77 (Fenwick Road), which connects Glasgow city to the north to the M77 to the south. The property is in a prominent location on Fenwick Road, at its junction with
Barrland Drive. Occupiers nearby include Subway, RBS, Pharmacy, Lidl (due to open November 2018) and a number of local traders.

Tenure

Heritable.

Location

Miles: 5 miles south of Glasgow city centre, 6 miles north-west of East Kilbride, 6 miles south-east of Paisley
Roads: M77, A77
Rail: Giffnock Railway Station
Air: Glasgow Airport

Situation

Tenure

Heritable.

Description

The property comprises a ground floor tyre depot with reception area and ancillary storage accommodation. The property benefits from three roller shutter doors and a forecourt to park 15 cars.

VAT

VAT is applicable to this lot.

Viewings

Contact Mhairi Jarvis 0131 552 5191.

EPC

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

Description

The property comprises a ground floor tyre depot with reception area and ancillary storage accommodation. The property benefits from three roller shutter doors and a forecourt to park 15 cars.

VAT

VAT is applicable to this lot.

Viewings

Contact Mhairi Jarvis 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	Reviews (2)
Ground	Worksop, Reception & Ancillary	371 sq m	(3,994 sq ft)	KWIK-FIT (GB) LIMITED (1) guaranteed by Kwik- Fit Holdings Limited	25 years from 11/06/2004 on a full repairing and insuring lease	£49,922.97	2019 minimum uplift £52,474. 2024 minimum uplift £55,150
Total		371 sq m	(3,994 sq ft)			£49,922.97

(1) For the year ended 31st March 2017, Kwik-Fit (GB) Limited reported a turnover of £454,846,000, pre-tax profits of £18,605,000 and a net worth of £77,658,000 (Source: Experian 20/03/2018). Kwik Fit are experts in automotive repair including tyres, MOT testing, car servicing, exhausts, brakes and air-con. They are the leading fast-fit supplier of tyres in the country and carry stocks of over 600,000 products in over 800 centres in the UK (Source: www.kwikfit.com).
(2) The lease provides for five yearly rent reviews with a minimum uplift to 105.101% of the passing rent or the OMRV.