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Lot 24 Sold: £118,000

5 Woodneuk Road, Darnley Industrial Estate, Glasgow, Lanarkshire G53 7QS

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Lot 24

Freehold Commercial Investment – Gross Yield 20.8%
6 Week Completion

Situation

Occupying a prominent position, close to the junction with Nitshill Road, in this industrial estate, opposite a B&M Home Store and nearby a Lidl Supermarket and Matalan.
The property is located approximately 6 miles south-east of Glasgow City Centre, which is the largest city in Scotland enjoying excellent road communications with the M8 leading directly to Edinburgh some 45 miles to the east and also the M74 which links to the north of England, whilst also boasting its own international airport.

Property

A single storey detached building comprising a Betting Shop.

Accommodation¹

Ground Floor Betting Shop
Gross Frontage 50'0”
Built Depth 29'6”
Area Approx. 1,400 sq ft¹
Customer WCs

¹Not inspected by Barnett Ross. Area from VOA.

VAT is NOT applicable to this Lot

FREEHOLD


Tenancy

The entire property is let on a full repairing and insuring lease to Ladbrokes Betting & Gaming Limited (see Tenant Profile) for a term of years to 14th May 2030 (in occupation since 1993) at a current rent of £12,500 per annum exclusive.

Rent Review and Tenant's Break May 2025

Tenant Profile

The Ladbrokes brand of betting shops forms part of Entain plc, which is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector with operations in a total of 31 regulated or regulating territories, the Group employs a workforce of more than 25,000, in 20 offices across five continents (see: www.entaingroup.com).

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Steven Grossman

Steven Grossman
020 8492 9449
sgrossman@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,000 plus VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.