FOR SALE BY ONLINE AUCTION WEDNESDAY 26TH FEBRUARY 2025 AT 9AM***GREAT OPPORTUNITY TO ACQUIRE A COMMERCIAL INVESTMENT PROPERTY ON THE BUSY PAISLEY ROAD WEST, GLASGOW***LONG ESTABLISHED HOT FOOD TAKEAWAY INVESTMENT***OVER 11% RENTAL RETURN AT GUIDE PRICE***EXCELLENT SECURE INCOME***
***Presenting a prime commercial property located at 1783 Paisley Road West, Glasgow, G52 3SS. This space is currently occupied by Chillies, a well-established eatery in the area. This is an exceptional opportunity to acquire a commercial property in a thriving area***
***PROMINENT LOCATION*** - Situated on the bustling Paisley Road West, the property benefits from high footfall and excellent visibility, making it ideal for a variety of business ventures.
***ESTABLISHED COMMERCIAL HUB*** - The surrounding area hosts a diverse range of businesses, including Cardonald Barbers Ltd, New York Nails And Beauty Glasgow Ltd, fostering a vibrant commercial community.
***GREAT ACCESSIBILITY*** - The property is well-connected, with multiple bus routes serving Paisley Road West and easy access to the M8 and M77 motorways, facilitating convenient travel to Glasgow city centre and beyond.
***GREAT YIELD***- The current rent is £19,020 per annum, and this represents a rental return return of over 11% based on the guide price!
***LONG TERM LEASE*** - The lease expires in July 2035
***RECENT NEARBY RESIDENTIAL SALES***
-114 Birkhill Avenue, Glasgow, G52 3PS - 3 bedroom - SOLD NOV'24 - £380,000
- 34 Mosspark Oval, Glasgow, G52 1LG - 3 bedroom - SOLD NOV'24 - £310,500
- 28 Balerno Drive, Glasgow, G52 1NB - 3 bedroom - SOLD NOV'24 - £250,000
***Cardonald is an outlying suburb of the Scottish city of Glasgow and it lies to the southwest of the city***Cardonald College, one of Scotland's largest further education colleges, opened in 1972. It merged with Anniesland College and Langside College in August 2013 to form Glasgow Clyde College, and was renamed Cardonald Campus. There are three primary schools in Cardonald, Glasgow: Lourdes Primary School, Angus Oval Primary School, and Belses Primary School. The area is also served by the long established Lourdes Secondary School***The district is served by Cardonald railway station on the Inverclyde Line and by Mosspark railway station on the Paisley Canal line, as well as numerous bus routes. There is also easy access to the Clyde Tunnel and the M8 motorway via Junction 25.The number 9 and 9A buses (First Bus) and 38 (McGills) pass regularly along Paisley Road West. There are around ten buses per hour during peak times, and around four buses per hour early morning and in the evenings and on Sundays.***Cardonald has many bars, restaurants and shops, especially along the A761. If you enjoy getting outside, the surrounding area has fantastic parks and leisure facilities, including Cardonald Park, Bellahouston Park and Rosshall Park.***
GUIDE PRICE - £155,000
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GREAT OPPORTUNITY TO ACQUIRE A COMMERCIAL INVESTMENT PROPERTY ON THE BUSY PAISLEY ROAD WEST, CARDONALD, GLASGOW
LONG ESTABLISHED HOT FOOD TAKEAWAY INVESTMENT
OVER 10% RENTAL RETURN AT GUIDE PRICE. EXCELLENT SECURE INCOME
* 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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