851-853 Shettleston Road, Glasgow | Property for sale | Savills
Guide price £180,000(฿7,888,904)

851-853 Shettleston RoadGlasgow

  • Sole agency
  • Freehold
Investment
Yield 12%Yield

Key features

  • High Yielding Retail Investment
  • Let to the Undoubted Covenant of Ladbrokes
  • 20 Year Lease Expiring 27/11/2025
  • Rebased Rent of £22,150 per annum
  • Ground Floor - 2,335 sq ft (216.91 sq m)
  • Upper Parts Not In Use
  • Asset Management Potential
  • Investment Let at £22,150 p.a. (12.3% GIY on Guide Price)

High Yielding Retail Investment Let to Ladbrokes on a 20 Year Lease Expiring 27/11/2025 and paying £22,150 p.a. Unused Vacant Parts Development Potential

About this property

  • The property comprises a high yielding retail investment let to the undoubted covenant of Ladbrokes situated on a popular, high footfall, street. Arranged across ground and first floors, the property is fully let to Ladbrokes on a 20 year lease expiring 27/11/2025 and paying £22,150 per annum. The rent has been recently rebased from £29,500 per annum and we consider the property offers asset management potential via renewal of the lease at a potentially improved rent. The upper parts are not used by the tenant and therefore there may also be potential to regain possession and convert to alternative uses, including residential (subject to the existing lease and any requisite consents)