Restaurant/cafe for sale in Main Street, Glasgow G72

Investment Consideration:
Gross Initial Yield: 9.51%
Rental Income: £16,640 p.a.
VAT is not applicable to this property
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.

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

Tenancy:
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.

Location:
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.