9 Bothwell St 1,198 SF Retail Condo Unit Offered at $561,948 in Glasgow G2 6NL
INVESTMENT HIGHLIGHTS
- Large glazed frontage.
- City centre location.
- Great footfall area.
EXECUTIVE SUMMARY
The property comprises a mixed use building of masonry construction and is arranged over eight floors. The property offers retail accommodation on the lower levels with office space above. The property is located on the east side of Hope Street, between its junctions with Bothwell Street and Waterloo Street, adjacent to Glasgow Central Railway Station.
PROPERTY FACTS
| Price | $561,948 |
| Unit Size | 1,198 SF |
| No. Units | 1 |
| Total Building Size | 180,000 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | B |
| Floors | 8 |
| Typical Floor Size | 20,000 SF |
| Year Built | 1877 |
| Lot Size | 4.04 AC |
AMENITIES
- Bus Line
- Commuter Rail
- Conferencing Facility
- Convenience Store
- Restaurant
- Security System
- Accent Lighting
- Storage Space
- Demised WC facilities
1 UNIT AVAILABLE
Unit 9
| Unit Size | 1,198 SF |
| Price | $561,948 |
| Price Per SF | $469.07 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.24% |
| NOI | $46,304.52 |
DESCRIPTION
The space comprises a retail unit with Class 1A consent fitted for the sale of hot food for consumption on and off the premises, there is a ground floor sales area with a kitchen and function suite to the rear and ancillary accommodation within the basement.
SALE NOTES
We are instructed to seek offers in excess of £420,000 for our clients heritable interest which shows an attractive NIY of 8.24% assuming purchaser’s costs at 4.06%.
The property is let to Bothwell Express Limited (Company No. SC765599) for a term of 15 years from 30th October 2023, expiring 29th October 2038. The
passing rental is £36,000 per annum and is subject to 5 yearly upward only
rent reviews to open market value.
Floor Plan
