Land for sale

Office/Dental Surgery Investment

The property is on the east side of Clifton Street next to its junction with Somerset Place, a short distance from Kelvingrove Park. Sauchiehall Street is approximately 100 yards to the south and this is a busy commercial thoroughfare connecting Glasgow’s West End to the City Centre. The subjects are within the popular Park Area with its traditional townhouses in both office/commercial and residential uses.

Situated to the east is Charing Cross Railway Station, which is within convenient walking distance, and also close by to the east are junctions 18 and 19 of the M8 Motorway. The Finnieston area with its wide variety of bars, restaurants and retail amenities is approximately 500 yards to the southeast.

Description

The subjects comprise a dental surgery situated on the ground and lower ground floors of a three storey and basement traditional stone and brick building with a pitched slated roof. The property is Category B Listed and situated within the Park Conservation Area.

Access to the premises is via a cantilevered concrete stairway over the basement lightwell leading to the entrance doorway. The accommodation comprises the following:-

Ground Floor

Entrance hallway, waiting room, reception/ administration area, two surgery rooms, toilet and storage cupboard.

Basement

Two surgery rooms, x-Ray room, changing/staff room and toilet facilities.

The property is decorated/presented to a high standard throughout and retains some attractive architectural features such as fireplaces and decorative cornicing. As befits the dental surgery use, the consulting rooms and staff areas have a variety of sinks and wash hand basins. There is a gas fired central heating system with wall mounted radiators. The property benefits from rear access, which leads to Somerset Place Mews.

Sale terms

Offers in excess of £250,000 are invited for the purchase of our client’s heritable interest subject to, and with the benefit of, the existing occupational lease. A purchase at this price would reflect a Net Initial Yield of 8.1% following the deduction of Purchaser’s Costs.

Energy performance

A copy of the Energy Performance Certificate (EPC) for the subjects is available upon request. The EPC rating is f-88.

Legal costs

Each party will be responsible for paying their own legal costs incurred during the transaction.

VAT

VAT will not be chargeable on the purchase price.

Anti money laundering

DM Hall is regulated by hmrc in its compliance with the UK Money Laundering, under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020.

Once an offer has been accepted, the prospective purchaser(s)/occupier(s) shall be required to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.

Further information

Strictly by contacting the Sole Selling Agents:

Graeme Todd mrics

or

Claire Hutton mrics