Unit 14 12-14 Westmuir Street, Glasgow, Glasgow City, G31 5BH
Under Offer
- For Sale
- Investment
- 449 Sq Ft
- 135,000
The rent is subject to an upward only open market review, with a minimum 10% uplift in rent, on the 5th anniversary
Key Features
- Close to Parkhead Cross
- Main arterial route
- New 20 year FRI lease
- VAT free investment
- Income of £13,000 pa
- Offers over £135,000
Property Description
The subjects comprise a ground floor retail unit within a mixed-use red sandstone tenement building arranged over four floors. The upper floors appear to be residential in nature. The roof is pitched and covered in slate.
Externally, the shop has a timber glazed frontage under a non-illuminated fascia board and is accessed via a single pedestrian door which leads into the sales area.
The floor is covered in laminate and the walls are of plaster/paint. The suspended grid ceiling incorporates LED box lighting. A store, kitchenette and WC are provided to the rear of the shop.
Externally, the shop has a timber glazed frontage under a non-illuminated fascia board and is accessed via a single pedestrian door which leads into the sales area.
The floor is covered in laminate and the walls are of plaster/paint. The suspended grid ceiling incorporates LED box lighting. A store, kitchenette and WC are provided to the rear of the shop.
Tenancy
The property is let on a new 20 year FRI lease that commenced in May 2025 at a rent of £13,000 per annum. The rent is subject to an upward only open market review, with a minimum 10% uplift in rent, on the 5th anniversary. There are no lease break options.
Tenure
Heritable Interest (Scottish equivalent of English Freehold).
Price
Offers over £135,000 are invited for our clients’ heritable interest (Scottish equivalent to English Freehold) subject to the lease agreement in place. Based on a rental income of £13,000 per annum, a purchase at this level would reflect a gross initial yield of 9.6%.
EPC
A copy of the EPC is available upon request.
VAT
The subjects have not been elected for VAT and therefore no VAT will be payable on the sale price.
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Accommodation
| Name/Floor | Sq Ft | Sq M | Price | Availability |
|---|---|---|---|---|
| Ground | 449 | 41.71 | On Application | Available |
Location
Glasgow is Scotland’s largest city and is situated in the central belt and on the west coast. There are four main motorways which run through the city putting it at the hub of Scotland’s road network.
The property is located on the south side of Westmuir Street, close to its junction with Tollcross Road, in the Parkhead area, two miles to the east of Glasgow City Centre. The area has large foot traffic from the busy intersection of five major roads joining at Parkhead Cross.
Carntyne and Duke Street railway stations are all within walking distance of the property. Nearby occupiers include Sugar and Spice, Old Woolies, Phones 2 You and German Donner Kebab.
VAT
Not applicable
EPC
Legal Costs
Each party to bear their own costs
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