The subjects are located in a highly desirable trading location, within Glasgow’s West End. Glasgow has vibrant student, retail and leisure sectors and is regarded as the UK’s most popular licensed and retail destination outside of London. Glasgow’s popularity for leisure and tourism has continued to expand in recent years, with major developments, including the opening of the OVO Hydro arena, providing a world class venue for large scale events, conferences and gigs. The west end of Glasgow also benefits from its affluent location, high value residential properties and Glasgow University.
Specifically, the subjects are located on Dumbarton Road, in the core of the West End, immediately off Byres Road. Kelvinhall Subway station is situated opposite.
There are substantial new student flat developments in the immediate vicinity seconds walk from the subject property. These include the new West Village and the Dunaskin developments. This adds to the already desirable trading location, providing real scope for business development and increased sales.
The subjects are formed over the ground floor of a multi-storey tenement. The premises have a good retail frontage onto Dumbarton Road. The premises are in a good condition and are fully fitted as a takeaway.
We estimate that the gross internal area is 521 sq. ft.
The rateable value of the property is £8,400. The current rateable value falls below the rates threshold of £12,000 and therefore no rates will be payable.
This is a fantastic leasehold opportunity, in a highly desirable trading location, which has improved substantially in recent years. The premises provide a fully fitted takeaway in walk-in condition.
The premises are on the market at offers over £25,000 per annum. Nil Premium.
In addition, our client may consider a sale of the premises at a price of offers over £250,000 plus VAT.
The premises have an EPC rating of G.
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.
For further information, please contact the Glasgow office on 0141 331 0650.
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