£270,000

Property for sale

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Just added
Feudal

Offers over

£270,000

(£434.78/sq. ft)

Property for sale

745 Cumbernauld Road, Riddrie, Glasgow G33

621 sq. ft

Local area information

Property location

Nearby amenities

  • Carntyne Primary School 0.1 miles
  • St Thomas' Primary School 0.2 miles
  • Alexandra Parade 0.6 miles
  • Duke Street 0.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Feudal
Key Points

  • Located within the Riddrie area of Glasgow
  • Let to Dynamic Retail Limited (cj Lang owned business)
  • Lease expiry in 2037 with no break options
  • Cj Lang operate from over 300 stores across the country
  • Passing rent of £25,000 per annum
  • 3 yearly upwards only open-market reviews
  • Offers over £270,000 = niy 9%

  • Description

    Prominent corner convenience store arranged over ground floor and basement.

    Internally the subjects are well-fitted with open plan retail space to the front, storage to rear and basement complete with WC.

    Location

    The premises are located within the Riddrie area of Glasgow, approximately 3.1 miles of the city centre.

    More specifically the subjects command a highly prominent position on the west side Cumbernauld Road (A80) at its corner with Lomax Street and a short distance north of its intersection with Edinburgh Road.

    M8 motorway access is provided a short distance north via Junction 12.

    Regular bus services operate on Cumbernauld Road whilst Alexandra Parade Railway Station is a 15 minute walk west.

    Neighbouring occupiers include Shergills Takeaway, Vogue Bingo, Evans Halshaw, Carntyne Primary School and Saint Thomas Primary School.

    Tenancy Information

    Tenant: Dynamic Retail Ltd (SC181161) owned by C.J. Lang & son limited

    Lease Start: September 2007

    Lease Expiry: September 2037, no breaks

    Passing Rent: £25,000 per annum

    Rent Reviews: 3 yearly upwards only open-market, next in September 2026

    C.J. Lang & son limited t/a spar operate over 300 stores in Scotland with last filed accounts for 2023 showing a turnover in excess of £221 Million with net profit of over £3 Million.

    More information

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    1. Zoopla
    2. Commercial for sale
    3. Glasgow
    4. Stepps
    5. Cumbernauld Road