Acquired
Glasgow – Takeaway
74 Main Street, Cambuslang, Glasgow G72 7EPFreehold Takeaway Investment
Tenure
Freehold
Lease Term
25 Years
Years Left on Lease
20y
Area
430 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises ground floor takeaway shop
- Heritable investment. Scottish equivalent to freehold.
- Let until 2046. No breaks. Rent review every 5 years. Tenant in occupation for 15+ years.
- Nearby occupiers include Costa Coffee, Londis, Betfred, Nisa Local, Post Office and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises mid-terrace ground floor takeaway, providing the following accommodation and dimensions:
Ground Floor: 40 sq m (430 sq ft)
Open plan takeaway, kitchen, store, wc
Ground Floor: 40 sq m (430 sq ft)
Open plan takeaway, kitchen, store, wc
Tenancy Description
The property is at present let to an Individual for a term of 25 years from 22nd January 2021 at a current rent of £16,640 per annum and the lease contains full repairing and insuring covenants. Rent review every 5 years open market upward only. No breaks. Deposit held of £4,160. Lease renewal. Tenant in occupation for 15+ years.
Tenancies & Accommodation
Location Description
Cambuslang is a suburb of Glasgow and is located in the South Lanarkshire district lying 5 miles south-east of the City Centre. The town has a population in the region of 25,000 people and is well served by road, rail and public transport networks. Main Street is the main thoroughfare running through Cambuslang town centre and an established commercial trading location, with the subjects occupying a prominent position. The surrounding area is mixed commercial and residential in nature. Occupiers nearby include Costa Coffee, Londis, Betfred, Post Office and more.
