1179-1195 Gallowgate

Glasgow, G31 4EB

Offers Over £365,000

-Single let roadside investment-Heritable Interest-Located on Gallowgate, 2 miles east of Glasgow city centre, neighbouring The Forge Shopping Centre-3,412 sq ft GIA with 1,020 sq ft valet bay on a 0.32 acre site-Let to Star Fit Limited with personal guarantee-Low passing rent of £30,000 p.a.-Let to until 27 November 2036 with no break options – 13.75 years term certain income-5 yearly rent reviews (2.5% p.a. compounded)-Next rent reviews in 2026 & 2031-Offers in excess of £365,000 exclusive-Net initial yield of 7.93% and reversionary yield of 9.05% in 2026