16 Busby Road, Clarkston, Glasgow, G76 7XL

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16 Busby Road, Clarkston, Glasgow, G76 7XL

£180,000

City, United Kingdom

Commercial Scotland

£180,000

450 FLOOR AREA (ft²)

Council Tax Band: tbc

Council Tax Rate: tbc

INVESTMENT OPPORTUNITY

16 Busby Road, Clarkston, Glasgow, G76 7XL

OFFERS OVER £180,000

PROPERTY OVERVIEW

An excellent opportunity to acquire a fully let commercial investment occupying a prominent position on Busby Road in the established and highly sought-after area of Clarkston.

The property extends to approximately 450 sq ft and is currently occupied by a tenant under an existing lease, providing the purchaser with an immediate rental income of £18,000 per annum.

The lease is due to expire on 31st August 2030, providing the incoming investor with a substantial period of contracted income.

Offered at Offers Over £180,000, the property provides a headline rental yield of approximately 10%, based on the current passing rent and asking price.

The property represents an attractive proposition for investors seeking an established commercial investment with an existing tenant, contractual income and a lease extending to 2030.

KEY INVESTMENT FACTS

Property: 16 Busby Road, Clarkston, Glasgow, G76 7XL
Tenure: Commercial investment
Approximate size: 450 sq ft
Guide Price: Offers Over £180,000
Current passing rent: £18,000 per annum
Lease expiry: 31 August 2030
Occupancy: Fully tenanted
Headline yield: 10.0% based on £180,000 purchase price
Income: Immediate rental income from completion
Lease: Existing lease to remain in place following sale

LOCATION

16 Busby Road is situated in the heart of Clarkston, an established suburb approximately 8 miles south of Glasgow city centre.

Busby Road forms a key commercial and retail location within Clarkston, with a variety of occupiers and amenities serving the surrounding residential population. The immediate area includes independent retailers, cafés, restaurants, takeaways, bars and other commercial businesses.

The location benefits from strong public transport provision, including Clarkston Railway Station and Busby Railway Station, together with regular local and regional bus services. Road connections provide access to the wider Glasgow area and the M77 and M74 motorway networks.

Clarkston and the surrounding East Renfrewshire area are also well established for their residential and educational offering, contributing to the area's strong local catchment and established commercial environment.

THE OPPORTUNITY

This property offers an opportunity for an investor to acquire a tenanted commercial property with an attractive existing rental income and a lease extending to 2030.

With a current passing rent of £18,000 per annum and an asking price of Offers Over £180,000, the investment produces a 10% headline gross yield at the asking price.

The property may be particularly suited to investors seeking an income-producing asset without the requirement for immediate vacant possession or a new tenant to be secured.

FURTHER INFORMATION

Further information, including a copy of the existing lease and additional property information, can be made available to seriously interested parties upon request.

Viewing and further information strictly by appointment. Please email alessiazito@century21uk.com

All figures and measurements are approximate and should be independently verified by interested parties. Prospective purchasers should satisfy themselves as to the terms of the existing lease, rental obligations, condition of the property, planning/use, rates and all other matters prior to submitting an offer.

Under the Consumer Protection Act 1987 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers.

Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify your financial position before we can recommend any offer to the vendor.