Kirkintilloch, G66 1NZ
Details
- £550,000
- Investments
- Size: 4,012 sq ft.
- Date Available: Immediately
RETAIL / OFFICE INVESTMENT PORTFOLIO
64-66 Townhead, Kirkintilloch & Unit 1, The Cross, 4 High Street, Paisley
64-66 Townhead, Kirkintilloch
- Modern building with 4 tenants in Kirkintilloch town centre
- 100% occupancy
- Private rear car park
- No VAT applicable
Unit 1, The Cross, 4 High Street, Paisley
- Shop unit adjacent to Plaza shopping centre in Paisley
- High quality tenant
- Well fitted out unit
- VAT applicable
Total rental income of £59,040 per annum
Offers in excess of £550,000 sought
GENERAL DESCRIPTION / LOCATION
64-66 Townhead, Kirkintilloch
Two ground floor shop units and two self-contained upper floor office suites in a modern 3-storey building with 10 private car parking spaces to the rear accessed via a pend.
The subjects are prominently situated fronting Townhead close to the busy junction with Industry Street, which connects to the A806 town centre bypass road.
Townhead is part of the main road through Kirkintilloch town centre.
The street plan opposite shows the general location of the subjects.
ACCOMMODATION & FLOOR AREA
64A Townhead, Kirkintilloch
A ground floor single fronted shop currently used as a beauty salon extending to approximately 46.97 sq m (505 sq ft).
64B Townhead, Kirkintilloch
A ground floor single fronted shop currently used as a hairdressing salon extending to approximately 51.52 sq m (552 sq ft).
66A Townhead, Kirkintilloch
A self-contained second floor office suite extending to approximately 132.47 sq m (1,425 sq ft).
66B Townhead, Kirkintilloch
A first-floor office currently used as a beauty salon extending to approximately 142.17 sq m (1,530 sq ft).
Unit 1, The Cross, 4 High Street, Paisley
The subjects comprise a single fronted shop contained on the ground floor and basement of a 3-storey sandstone fronted building which contains other shops at ground level and office suites on the upper floors.
The shop is well fitted out for its current use as a Travel Agency and leased to Stewart Travel until 2028.
The subjects occupy a prominent trading location at The Cross in the heart of Paisley town centre and benefit from being adjacent to the modern Plaza Shopping Centre.
The street plan opposite shows the general location of the subjects.
ACCOMMODATION & FLOOR AREA
A single fronted shop currently used as a Travel Agency extending to approximately 63.06 sq m (679 sq ft) on the ground floor with toilets and a store on the basement floor.
RATEABLE VALUES
The subjects are shown in the current Valuation Roll with Rateable Values as follows:-
Address | Rateable Value |
64A Townhead | £7,500 |
64B Townhead | £7,200 |
66A Townhead | £12,500 |
66B Townhead | £15,000 |
Unit 1, The Cross | £8,600 |
LEASE DETAILS
The undernoted schedule contains details of the current lease agreements:-
Property | Tenant | Lease Terms | Review | Break Option | Rent (£pa) | VAT |
64a Townhead, Kirkintilloch, G66 1NZ | Ella Por Belezza | 28/09/2020 – 27/09/2030 | 28/09/2025 | 28/09/2025 | £7,500 | N/A |
64b Townhead, Kirkintilloch, G66 1NZ | Ab Fab Hair | 28/05/2021 – 27/05/2031 | 28/05/2026 | 28/05/2026 | £7,500 | N/A |
66b Townhead, Kirkintilloch, G66 1NZ | The Pink Rooms | 29/06/2023 – 08/05/2038 | 28/06/2028
28/06/2033 |
28/06/2028
28/06/2033 |
£12,000 | N/A |
66a Townhead, Kirkintilloch, G66 1NZ | Homesbrook Properties | 01/12/2022 – 30/11/2032 | 01/12/2025
01/12/2028 |
01/12/2027 | £11,040 | N/A |
Unit 1, 4 High Street, Paisley | Stewart Travel* | 01/03/2017 – 28/08/2027 | N/A | N/A | £21,000 | Yes |
*Stewart Travel have a Creditsafe Rating of 74/100 ‘Very Low Risk’.
ENERGY PERFORMANCE CERTIFICATES (EPC’s)
The properties have been assessed for energy performance and have the following ratings:-
64A Townhead – ‘B’
64B Townhead – ‘C’
66A Townhead – ‘B’
66B Townhead – ‘F’
Unit 1, The Cross – available on request
PRICE
We are instructed to seek offers in excess of £550,000 for our clients’ entire outright ownership in the subjects with the benefit of the current occupational lease agreements providing an investment yield of 10.73% before deduction of acquisition costs.
Note: Offers will only be considered for the whole portfolio although the price may be capable of being allocated between VAT rated and non VAT rated properties.
VAT
The properties at 64-66 Townhead, Kirkintilloch are VAT exempt with our client having opted to tax High Street, Paisley. As such the total sale price will be allocated between VAT exempt and VAT registered.
ANTI-MONEY LAUNDERING
In order to comply with anti-money laundering legislation, the successful purchaser will be required to satisfy this requirement. The required documents will be confirmed and requested at the relevant time.
Agent(s) for this listing
David Allison
Director
Office: 0141 375 1555
Fax: 0141 375 1666
Other listings