2115 / 2119 Paisley Road West
G52 3JL

Heritable Retail Investment

  • Let to Boots UK Limited until 2025 (no breaks) (2)
  • New reversionary lease signed in 2019
  • Located within densely populated suburb
  • Nearby occupiers include Aldi, Greggs, Poundstretcher and RBS
  • Lot
  • Auction
  • Rent
    £40,632 per Annum Exclusive
  • Status
    Sold Post
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Trustees
  • 2115 / 2119 Paisley Road West<br>Glasgow<br>G52 3JL
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  • Photos
  • Map

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

Property Information

5 miles south-west of Glasgow
M8 (Junction 25), M77 (Junction 1)
Cardonald, Mosspark
Glasgow Airport

The property is located in the densely populated Glasgow suburb of Cardonald, 5 miles south-west of the city centre. The property occupies a prominent corner position on Paisley Road West (A761), the main arterial route between Glasgow city centre and Paisley. Nearby occupiers include Aldi, Greggs, Poundstretcher and RBS.


Heritable. (Scottish equivalent of English Freehold).


The property comprises a ground floor, double fronted retail unit.


VAT is applicable to this lot.


Band G. Available in legal pack at acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
182.65 sq m
(1,966 sq ft)
20 years and 4 months from
22/03/2005 until 21/07/2025
on a full repairing and
insuring lease (2)
182.65 sq m
(1,966 sq ft)

(1) For the year ending 31st August 2018, Boots UK Limited reported a turnover of £6,790,000,000, pre-tax profits of £398,000,000 and a total net worth of £875,000,000 (Source: Experian Group 19/09/2019). Boots is the largest pharmacy health and beauty chain in the UK and as at 31st August 2018 had 2,485 stores across the UK (Source: www.boots-uk.com/about-boots-uk/about-boots/boots-in-numbers/ 20/09/2019).
(2) The current lease is for a term of 15 years and four months expiring 21/07/2020, however a 5 year reversionary lease has been signed from expiry of the current term until 21/07/2025 at a rebased rent of £33,250 p.a.x.
(3) For the purpose of clarification, the current passing rent is £40,031 p.a.x. The current lease provides a fixed rental increase to £40,632 p.a.x from 1st April 2020. The seller has agreed to adjust the completion monies so that the property will effectively produce £40,632 p.a.x from the completion of sale. At the commencement of the reversionary lease on 21/07/2020, the rent will rebase to £33,250 p.a.x and the tenant will benefit from a six month rent free period. The seller has agreed to adjust the completion monies so the sale will effectively produce £33,250 p.a.x. from the commencement of the reversionary lease.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    File Size
    440 KB
    View PDF
  • Site Plan
    Updated Date
    File Size
    814 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    File Size
    585 KB
    View PDF


Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Burness Paull 50 Lothian Road
Andrew Wood 0131 473 6903andrew.wood@burnesspaull.com

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