Commercial and Residential Property Management, Investment and Development Consultancy

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Property: 47/53 UNION STREET, GLASGOW


47/53 UNION STREET, GLASGOW

SOLD

HIGH YIELDING CITY CENTRE RETAIL INVESTMENT

  • Offers Over £500,000 (Net of costs at 5.8%)
  • Net Initial Yield of 9.46%
  • Minimum Reversionary Yield of 9.92% at first review
  • 15 year FRI lease with tenant break in year 10 on 9 October 2021


More Information:
Rent reviewed to the higher of OMV or £52,500pa at year 5
Stong covenant with over a decade trading history on Union Street.
Passing rent of £50,000pa (£28.63psf Zone A)

Map: