1156-1160 Cathcart Road, Glasgow, G42 9EG

Investment Summary

  • Located in prominent retail location opposite Hampden Park Stadium
  • AWULT of 10.25 years to expiry and 9.47 years to breaks
  • Three units providing 5,416 sq ft of retail accommodation
  • Purpose built retail investment let to Tesco Stores Ltd, Greggs Plc and Arianna Properties Ltd (t/a Marini’s).
  • Currently producing a rental income of £104,600 per annum, reflecting a low average of only £19.30 per sq ft
  • 84% of income secured to two strong national tenants
  • All rent reviews benefit from RPI indexation
  • We are instructed to seek bids in excess of £1,375,000 (One Million, Three Hundred and Seventy Five Thousand Pounds). A purchase at this level provides a Net Initial Yield of 7.20% after allowing for purchasers costs of 5.61%
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Sold for £1,402,500

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