1417 Maryhill Road, Glasgow, GLG

The property comprises a single-storey self contained retail unit. The main elevations are of brick, having a roughcast render finish to the rear and gable walls. The roof is pitched, timber framed and finished externally with concrete tiles. The subjects extend within a brick built extension towards the rear, which has a bitumen felt covered roof.
The property is located at a prominent position on the westmost side of Maryhill Road, in the block which is bounded by Gairbraid Avenue to the north and Kelvindale Road to the
south. The property is close to the junction between Maryhill Road and Lochburn Road, in the Maryhill area of Glasgow, approximately 4 miles north west of the city centre.
Maryhill Road (A81) is a main arterial route and public transport corridor in the north west of Glasgow.

Sale Notes:
The available investment comprises 509 sq ft of retail accommodation currently let to Subway Realty Limited (SC04174473) on the basis of a Full Repairing and Insuring lease, for approx. 15 years from 13 May 2008 to 29 May 2023. The tenant is entitled to terminate the lease on either the 7th or 12th anniversaries of the lease, subject to 6 months prior written notice. The current rental income is £6,500 pa.
Offers in excess of £80,000 for the heritable interest, subject to and with the benefit of, the occupational lease. A purchase at this level would reflect a net initial yield of 8% assuming purchaser’s costs of 1.75%.