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Property
Property description & features
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 08 February 2024
Lower Deposit: 5% of Sale Price.
Reduced Buyers Fee: 1% of Sale Price (Min £2500 +vat)
100% prime Glasgow CITY CENTRE, William Hill investment or extended lease from 11 October 2023 unil 10 October 2028. Rental £35,000 per annum VAT FREE (no vat on property) ?? Tenancy details - Original lease to William Hill Organization Limited from April 1994 extended from 11 October 2023 till 10 October 2028 at £35,000 pa. Tenant has been at occupation almost 30 years and only extended the lease in last couple of months. Super Glasgow city centre, location, facing modern office, blocks, new housing and two minutes to Buchanan Street. ?? Super tenant. William Hill Organization Limited reported a Turnover of £332,900,000, a Pre-Tax Profit f £75,200,000 and a Net Worth of £370,100,000. Benefit of property being VAT FREE not elected for VAT. ?? Ideal investment property with stable tenant who has been in occupation 29 years and only just extended the lease and private Glasgow city centre location.
Auction Details
08 February 2024, 10am-3pm
Timed Online Auction
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