FOR SALE BY ONLINE AUCTION WEDNESDAY 26th OF FEBRUARY 2025 AT 9AM***GREAT OPPORTUNITY TO PURCHASE A PRIME HIGH YIELDING COMMERCIAL PROPERTY AT 1224 CATHCART ROAD, GLASGOW***VERSATILE COMMERCIAL PROPERTY***CURRENTLY OPERATING AS KINGSWAY SERVICE STATION, A WELL ESTABLISHED MOT SERVICE & REPAIRS GARAGE***
***Prominent Location*** - Situated on the bustling Cathcart Road, the property benefits from high visibility and substantial footfall, making it an ideal spot for businesses seeking exposure.
***Established Business*** - Currently housing Kingsway Service Station, the site has a history of serving the local community, indicating a trusted presence in the area.
***Versatile Large Space*** - The property is circa 1,800 square feet. The property's layout offers flexibility for various commercial uses, whether you wish to continue operating as a service station or explore alternative business ventures.
***CURRENT ANNUAL RENT: £16,500 + MANAGEMENT FEE 5% = TOTAL ANNUAL PAYABLE: £17,325 (9.9% YIELD BASED ON GUIDE PRICE)***
***RENT REVIEW IN JUNE 2025 WITH MINIMUM 10% RENTAL UPLIFT: £19,057.50 IN JUNE 2025 (POTENTIAL YIELD OF 10.89& BASED ON GUIDE PRICE)***
***FURTHER RENT REVIEWS IN 2028 & 2031...NO BREAKS...EXPIRY: JUNE 2033***
***Accessibility*** - Easily accessible via major road networks and public transportation, ensuring convenience for customers and staff alike.
***Investment Potential*** - This property presents a unique opportunity for investors or business owners looking to establish or expand their presence in Glasgow. Its strategic location and existing infrastructure provide a solid foundation for a profitable venture.
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 21 Carmichael Place, Glasgow, G42 9UE - 3 bedroom - SOLD Oct'24 - £499,870
- 134 B/1, Queens Drive, Glasgow, G42 8QN - SOLD Nov'24 - £390,000
- 115, 2/2 Ledard Road, Glasgow, G42 9PX - SOLD Nov-24 - £305,250
***Mount Florida is an area in the south-east of the city of Glasgow.***Mount Florida is served by the Mount Florida railway station which lies upon the Cathcart Circle railway line***The area is home to Langside College and the New Victoria Hospital***Mount Florida Primary School is situated between Cathcart Road and Carmunnock Road***Scotland's national football stadium, Hampden Park, is located off Cathcart Road in the heart of Mount Florida***Glasgow City Centre is a short 15 minute drive away***
***Glasgow is the largest city in Scotland, and the city centre is busy and thriving, with no shortage of demand for office space***There are many transport links to and from the city, with the M8 motorway running through the centre and two large train stations, as well as multiple bus routes into and within the centre***Local amenities include a high number of restaurants, bars, nightclubs, theatres and cinemas***The M8 Motorway network provides easy access for commuting across central Scotland as well as Glasgow International Airport.***
GUIDE PRICE - £175,000
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Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm. All prices quoted are exclusive of VAT.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
GREAT OPPORTUNITY TO PURCHASE A PRIME HIGH YIELDING COMMERCIAL PROPERTY AT 1224 CATHCART ROAD, GLASGOW
VERSATILE COMMERCIAL PROPERTY
CURRENTLY OPERATING AS KINGSWAY SERVICE STATION, A WELL ESTABLISHED MOT SERVICE & REPAIRS GARAGE
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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