Clachan of Campsie, G66 7AB
- Investments , Retail
- Size: 2,021 sq ft.
- Date Available: Immediately
RETAIL INVESTMENT OPPORTUNITY
- Small parade of four retail units including café/gallery
- Easily managed portfolio with 100% occupancy
- Attractive, local & popular village location
- Current total rental income £27,250 per annum
- Offers in excess of £300,000 invited (Net yield 8.82%)
The subjects occupy a most attractive rural/village setting at the foot of the Campsie Hills and Campsie Glen in the small but expanding hamlet of Clachan of Campsie – an area very popular with walkers, cyclists and visitors from in and around the surrounding areas.
Clachan of Campsie lies approximately 1.8 miles west of Lennoxtown and some 3.6 miles east of Strathblane in East Dunbartonshire and is accessible from Crosshouse Road of the A891.
Immediate surrounding properties comprise an attractive mixture of varying styles of housing and the village benefits from a regular bus service to and from Glasgow City Centre. Construction has recently commenced of 6 new houses to the east of the title area.
The subjects, which are outlined in the title plan lie adjacent to the historic St Machans Graveyard situated at the start of the feature wooded Campsie Glen walk following the path of the Kirk Burn including waterfall, eventually leading up to a car park on Crow Road (B822) up and over the Campsie Hills from Lennoxtown to Fintry.
The shops are situated in a ‘B’ Listed part two storey and attic and part single storey building of some character and appearance, the original section of which dates back to 1833 and known originally as the “Lairds House”.
For the avoidance of doubt the upper floor flat is excluded from the sale.
The building was converted some years ago into a total of four self-contained commercial units on the ground floor comprising of three shops and a coffee shop/café and gallery.
The title area to the subjects includes a common interest in a large area of level ground immediately to the front of the building comprising a slabbed forecourt and side car park. There is also an area of common garden to the rear of the building. The plan attached shows the extent of the subjects.
The total rental income is £27,500 per annum and a summary of the tenancy information is attached. Copies of the individual lease agreements can be made available to seriously interested parties.
ACCOMMODATION & FLOOR AREA
The tenancy schedule shows the size and occupancy details of each unit.
ENERGY PERFORMANCE CERTIFICATES
All properties have been assessed for energy performance and currently have the undernoted energy ratings:-
Unit EPC Rating
Units 1 & 2 G
Unit 3 G
Unit 4 F
Unit 5 G
Offers in excess of £300,000 are invited to purchase our client’s outright ownership in the subjects with the benefit of the various lease agreements. This level of price provides a gross yield of 9% and a net yield of 8.82% after deduction of normal purchaser’s costs.