80, 82 & 84 Main Street
Cambuslang
Glasgow
G72 7EP

Heritable Bar Investment with Self-Contained Former Restaurant Above

  • Predominantly let to tenant trading as Cheers Bar
  • New 10 year lease from December 2018 (lease renewal) (1)
  • Tenant in occupation for at least 15 years
  • Vacant former restaurant above with separate access from the front (with Change of Use potential, subject to planning)
  • Adjacent to Costa Coffee and close to Farmfoods, Greggs, Morrisons and Superdrug
  • VAT-free investment
  • Popular Glasgow commuter suburb
  • Lot
    59
  • Auction
    11/Jul/2019
  • Rent
    £17,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Public House
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 80, 82 & 84 Main Street<br>Cambuslang<br>Glasgow<br>G72 7EP
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* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles south-east of Glasgow
44 miles west of Edinburgh
Roads
A74, M8, M73, M74
Rail
Cambuslang
Air
Glasgow Airport
Situation

Cambuslang is a suburban town on the south-eastern outskirts of Glasgow. The town is located just south of the River Clyde and approximately 8 miles south-east of central Glasgow. The property is located on the south side of the busy Main Street, close to its junction with Greenlees Road and a short walk to Cambuslang Train Station. Nearby retailers include Costa Coffee, Boots the Chemist, Savers. Domino’s, Subway, Morrisons, Farmfoods and Greggs.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground floor bar with a former restaurant above on the first floor, separately accessed from Main Street.

VAT

VAT is not applicable to this lot.

EPC

Band G. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundBar/Public House81.00 sq m(872 sq ft)WHITE HACKLE LTD10 years from
21/12/2018 (1)
£17,00021/12/2023
FirstFormer
Restaurant
169.64 sq m
(1,826 sq ft)
VACANT   
Total
250.64 sq m
(2,698 sq ft)
  £17,000 

(1) The lease is subject to a tenant option to determine in December 2023.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    10.07.19
    File Size
    13 MB
    Login to View
  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Mhairi JarvisMhairi Jarvis +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Seller's Solicitors
R & R S Mearns 2 Carment Drive
Glasgow
G41 3PR
Wilson Beresford +44 0141 632 6162wsbmearns@gmail.com

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