PROPERTIES

JD Gyms, 30 Craigmount Drive, Maryhill, Glasgow G20 9BS

Price£2,268,000

PDF DETAILS

JD Gyms, 30 Craigmount Drive, Maryhill, Glasgow G20 9BS

  • Income£205,000
  • Yield8.5%
  • SectorLeisure
  • StatusUnder Offer
PDF DETAILS

Well Secured Income with Additional Short Term Development Potential

Summary

  • Located in the established residential suburb of Maryhill, approximately 15 minutes drive north west of Glasgow town centre.
  • Situated just off the junction of Maryhill Road, One of the main arterial routes to the city and directly opposite a Tesco Extra Supermarket.
  • Let to JD Sports Gyms Limited with approximately 11 years to expiry and 6 years to break.
  • Current rent of £205,000 per annum reflecting £7.80 psf overall.
  • Total site area of approximately 0.87 hectares (2.15 acres).
  • Subject property includes a potential development site outside of the tenant’s demise fronting onto Maryhill Road. This site can be unlocked immediately and may be suitable for a variety of alternative uses (subject to planning).
  • Offers in excess of £2,268,000 (TWO MILLION, TWO HUNDRED AND SIXTY EIGHT THOUSAND POUNDS).
  • Net Initial Yield of 8.5% after allowance for purchaser’s costs of 6.31%.