FOR SALE BY ONLINE AUCTION WEDNESDAY 26TH MARCH 2025 AT 9.00AM - ***FANTASTIC INVESTMENT OPPORTUNITY IN THE HEART OF DENNISTOUN, GLASGOW***HIGH POTENTIAL YIELD OF 13.33% BASED ON GUIDE PRICE AND MARKET RENT LEVELS***CLOSE PROXMITY TO GLASGOW CITY CENTRE***
***Presenting a prime commercial property located at 193 Bellfield Street in the vibrant Dennistoun area of Glasgow. This property offers a unique investment opportunity with a barber shop business based in a strategic location.***
***PROPERTY HIGHLIGHTS***
*High Footfall Area* - Situated in a bustling neighbourhood, the property benefits from substantial pedestrian traffic, enhancing visibility and customer engagement opportunities.
*Accessibility* - Easily accessible via public transportation and major road networks, ensuring convenient connectivity for clients and employees alike.
*Local Amenities* - The surrounding area boasts a diverse mix of shops, eateries, and services, contributing to a thriving community atmosphere that can support and complement your business operations.
*Versatile Space* - The property is suitable for various commercial uses, including retail, office, or hospitality ventures. Its adaptable layout provides flexibility to tailor the space to specific business requirements.
***The current rental income is £3,640 per annum. The market rental income is £6,000 thereby producing a potential high rental yield of 13.33% per annum (based on guide price)***
***The property is currently let on a commercial lease ending in 2026***
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 8, 0/2, Hanson Park, Glasgow, G31 2HJ - SOLD Dec'24 - £180,000
- 2, 3/1, Firpark Close, Glasgow, G31 2HG - SOLD Dec'24 - £172,500
- 25, 0/3, Belvidere Gate, Glasgow, G31 4QJ - SOLD Dec'24 - £139,000
***Dennistoun is a mostly residential district in Glasgow, Scotland, located north of the River Clyde and in the city's east end, about 1+1⁄4 miles (2 kilometres) east of the city centre***Aside from the smaller Haghill neighbourhood further east, Dennistoun's built environment does not adjoin any others directly, with the M8 motorway dividing it from Royston to the north, while the buildings of Glasgow Royal Infirmary and Wellpark Brewery plus the Glasgow Necropolis cemetery lie to the west (separating it from adjacent Townhead), and railway lines form the southern boundary with the Calton/Gallowgate neighbourhoods, and Camlachie (a historic district which is now largely a retail park) on the opposite side.***The community is well served by two shopping areas on Duke Street and Alexandra Parade. There are also two supermarkets and two long-established Italian delicatessens.***Dennistoun benefits from a large Victorian-era park, Alexandra Park, which is bounded predominantly by the M8 motorway, Cumbernauld Road and Provan Road.***Dennistoun has one of Glasgow's original Carnegie libraries,
Market Gallery, an artist-run contemporary art gallery, is located on Duke Street and spread over three shop units. WASPS artists' studios, a charity providing affordable studio space to support up to 750 artists, is located on Hanson Street.***
GUIDE PRICE - £45,000
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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.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
FANTASTIC INVESTMENT OPPORTUNITY IN THE HEART OF DENNISTOUN, GLASGOW
HIGH POTENTIAL YIELD OF 13.33% BASED ON GUIDE PRICE AND MARKET RENT LEVELS
CLOSE PROXMITY TO GLASGOW CITY CENTRE
* 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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