McEwan Fraser Legal is delighted to present to the market a unique opportunity to purchase a recently refurbished retail unit situated within the famous Argyll Arcade with a long-standing blue chip tenant. The current FRI lease has 6 years remaining and offers a 10% return on investment at the current asking price. The property expands over three floors, the basement which is currently unused but would make a useful storage area. The main retail area/shop floor, which has recently undergone refurbishment and is now a high-spec, modern retail area that is accessed directly off Argyle Street. The first floor offers staff facilities, a kitchen area, offices and storage. There are currently plans to demolish the St Enoch Centre which is located directly opposite the property and replace it with a development including shops, offices, restaurants and homes which could further increase the value of this investment. Tenure: Freehold with tenant in situ. Services: Mains gas, electricity, drainage and water. Accounts: Will be made following a formal viewing appointment.By appointment through McEwan Fraser Legal on Glasgow 0141 404 5474McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by McEwan Fraser Legal Solicitors & Estate Agents. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact McEwan Fraser Legal Solicitors & Estate Agents for full details and further information.