Office for sale

Dumbarton Road, Duntocher, Clydebank G81

Description

The property extends to a gross internal area of 3,637 sq ft on a site of 0.48 acres with customer parking for 19 cars.

Formerly an mot car service centre, a change of use was granted in September 2018 for Class 1 – Funeral Directors. Our client subsequently undertook a substantial refurbishment and fit out of the building to create the current configuration

The property is held on a full repairing and insuring head lease for 15 years, from 7th October 2021, subject to a tenant only break option at the end of year 10 exercisable on not less than 6 months written notice. The current passing rent is £40,000 per annum (£11.00 per sqft) with the benefit of 5 yearly uplifts linked to cpi, capped and collared between 3% and 1% per annum, compounded annually. The next review will result in a rent increase to £47,000p.a from October 2026

The lease is held by the main operating company within the group, The Independent Family Funeral Directors Ltd trading as Fosters Family Funeral Directors. The lease will be subject to a Schedule of Condition to document its current condition. The repairing clause is restricted so that the tenant is not obliged to put the premises into any better condition than as evidenced in the Schedule of Condition.

Location

Situated in the Duntocher area of Clydebank, part of Greater Glasgow, the property occupies a very prominent corner site fronting onto the A82 Great Western Road. This is a main arterial road traffic route linking Glasgow’s West End to Dumbarton and onwards to Loch Lomond and the west coast of Scotland.