Retail premises for sale

Salvation Army, 46 Kilmarnock Road, Glasgow G41

Description

The subject property is located on the northern aspect of Kilmarnock Road, in close proximity to Shawlands Arcade. Nearby occupiers include Greggs, Virgin Money, Co-op, B&M, Boots, Sainsbury’s Local, Iceland, Oro Italian Restaurant, and numerous independent bar and restaurant operators

Area

Ground: 286.07sqm (3,079sq ft)
1st: 312.15sqm (3,360sq ft)

Total: 598.22sqm (6,439sq ft)

Lease Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Salvation Army Trading Company Ltd
Expiry: 7th November 2036 (Extended)
Passing Rent: £30,000p.a.x
From November 2026 Increasing to:
£32,000 p.a.x
2027: £33,000 p.a.x
2028: £34,000 p.a.x
2029: £35,000p.a.x
Rent Review: 2029 (Upwards Only omv)
Tenant Break: 3rd & 6th Anniversaries
(The tenant will receive a 3 month rent free period if 2029 break is not exercised)
The tenant has a current service charge cap of £1,472 which increases by 3% per annum

Location

Glasgow is the largest city in Scotland, with a population of over 635,000. The city has an extensive catchment, with the Greater Glasgow conurbation extending to approximately 2.3 million people within a one-hour drive time, accounting for more than 40% of Scotland’s population.
Glasgow is the largest and most significant retail market in the UK outside of London’s West End. The city is consistently ranked second in the caci retail rankings and provides over 5.3 million sq ft of retail space.

Shawlands is a highly sought after and densely populated affluent residential suburb, situated in the heart of Glasgow's Southside, within 7 miles of Glasgow Airport. The area serves as the primary retail, leisure, and cultural centre for the south of Glasgow, with an abundance of quality pubs, restaurants and coffee shops. Kilmarnock Road is the principal retail thoroughfare for Shawlands.