Descripción del activo
- 69-71 Queen Street is situated on a busy throughfare in Glasgow's prime retail core.
- Buchanan Street and and Glasgow's two principal Rail Stations are located within short walking distance.
- The property comprises a well configured category B-listed retail unit arranged over ground and basement levels.
- The ground floor provides a retail trading area, with storage space, staff toilets and a break room accessible on the basement level.
- The property has been measured in accordance with the RICS Code of Measuring Practice (6th addition), extending to a Net Internal Area (NIA) of approximately 3,250 sq ft.
- The unit benefits from an EPC rating of A15 (a copy of the certificate is available upon request).
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Atributos
Precio de venta
978.000 €
Tasa de capitalización
7,99 %
Ocupación
100 %
Plazo restante del arrendamiento
5.5 años
Área de construcción neta
302 m²
Medios
Aspectos destacados de la inversión
- We are instructed to seek offers in excess of £825,000 (Eight Hundred and Twenty-Five Thousand Pounds Sterling), subject to contract and exclusive of VAT, for our client's Heritable Interest in the property (Scottish equivalent of English Freehold).
- A purchase at this level reflects an attractive Net Initial Yield of 7.99%, assuming purchaser’s costs of 5.41%.
- The property is let on fully repairing and insuring terms to Cancer Research UK (04325234) from 21 October 2019 to 20 October 2029.
- The current passing rent is £69,500 p.a.
- There is an upwards only rent review on 20 October 2024 to Open Market Rental Value.
- A tenant only break option on 20 October 2024 has not been exercised, demonstrating Cancer Research's commitment to the unit.
- Cancer Research offer exceptional covenant, with a Tangible Net Worth of £512.6m and a Dun & Bradstreet rating of 5A1.
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69-71 Queen Street (0 Propiedades)
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Última actualización
May 29, 2024
