Units 1-5 Redcastle Square
Built as part of Persimmon Homes Garthamlock Development, one of the largest new build housing developments in Scotland.
Fully let to an attractive mix of operators.
A terrace of 5 retail units totalling - 643.99 sq.m. (6,932 sq.ft.)
WAULT to break of 11.86 years and 15.07 years to expiry.
Total rent roll of £109,000 per annum.
Net initial yield of 7.51%.
Offers in excess of £1,370,000 are invited
LocationThe property is located in the Glasgow suburb of Garthamlock, approximately 5 miles to the north east of Glasgow.
The subject property is part of a larger development completed by Persimmon Homes. Their Garthamlock Development is one of the largest new build housing developments in Scotland with over 800 new homes built and sold and a further 96 programme for completion over the next the next 2 years. The Glasgow Fort retail development is also located within walking distance of the subject property.
The subjects are highly visible from Gartloch Road, a main arterial route running through Garthamlock.
There is direct access onto the M8 motorway with junction 11 being located less than a mile away. Additionally, there are frequent bus services along Gartloch Road.
DescriptionThe subjects form a modern, terraced, single storey retail development constructed within the last 3 years.
The parade is of traditional construction, with walls noted to be of cavity block construction incorporating a facing brick external leaf. The subjects are
surmounted by a timber pitched design roof, which is overlaid in interlocking concrete tiles.
The individual retail units have modern display frontage overlooking the private car park and comprise aluminium framed and glazed windows along with a pedestrian entrance. Both the display windows and entrance doors are served by roller shutter security screens.
We have measured the subjects in accordance with RICS Code of Measure Practice 2007 (6th Edition) and evaluate the undernoted approximate floor areas:-
Unit 1 273.1 sq.m. (2,940 sq.ft.)
Unit 2 92.71 sq.m. (998 sq.ft.)
Unit 3 92.71 sq.m. (998 sq.ft.)
Unit 4 92.71 sq.m. (998 sq.ft.)
Unit 5 92.71 sq.m. (998 sq.ft.)