16A Busby Road, Clarkston, Glasgow, G76 7XL

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16A Busby Road, Clarkston, Glasgow, G76 7XL

£150,000

City, United Kingdom

Commercial Scotland

£150,000

300 FLOOR AREA (ft²)

Council Tax Band: tbc

Council Tax Rate: tbc

INVESTMENT OPPORTUNITY

16A Busby Road, Clarkston, Glasgow, G76 7XL

OFFERS OVER £150,000

PROPERTY OVERVIEW

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

The property extends to approximately 300 sq ft and is currently occupied by a tenant under an existing lease, providing the purchaser with an immediate rental income of £15,000 per annum.

The existing lease is due to expire on 15th July 2030, providing the incoming investor with a substantial period of contracted rental income.

Offered at Offers Over £150,000, the property provides a headline rental yield of approximately 10%, based on the current passing rent and asking price.

The property represents an opportunity for investors seeking an established commercial investment with an existing tenant, immediate rental income and a lease extending to 2030.

KEY INVESTMENT FACTS

Property: 16A Busby Road, Clarkston, Glasgow, G76 7XL
Tenure: Commercial investment
Approximate size: 300 sq ft
Guide Price: Offers Over £150,000
Current passing rent: £15,000 per annum
Lease expiry: 15 July 2030
Occupancy: Fully tenanted
Headline yield: 10.0% based on £150,000 purchase price
Income: Immediate rental income from completion
Lease: Existing lease to remain in place following sale

LOCATION

16A Busby Road is located within the established commercial centre of Clarkston, approximately 8 miles south of Glasgow city centre.

Busby Road provides a range of local amenities and commercial occupiers serving the surrounding residential communities. The immediate area is characterised by a mixture of independent retailers, cafés, restaurants, takeaways, professional services and other commercial businesses.

Clarkston benefits from excellent transport connectivity. Clarkston Railway Station provides regular services towards Glasgow and surrounding areas, while Busby Railway Station is also located nearby. The area benefits from established bus routes and convenient road connections to the wider Glasgow road network.

The property's location provides an established local catchment and places the investment within a well-established suburban commercial environment.

THE INVESTMENT OPPORTUNITY

This property presents an opportunity to acquire an income-producing commercial investment with an established tenant and a lease extending to July 2030.

With a current passing rent of £15,000 per annum and an asking price of Offers Over £150,000, the property offers a 10% headline gross yield based on the asking price.

The property may appeal to investors seeking an established income-producing asset with a tenant already in occupation and no requirement for immediate vacant possession.

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.