102 Argyle Street
Ref: Lot 2
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Unconditional Lot
UNCONDITIONAL LOT Exchange and administration fee information: (plus fees) Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details). In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.
102 Argyle Street, Glasgow, Lanarkshire, G2 8BH
High Yield Commercial Opportunity
Description
Town & Country Property Auctions are pleased to present this high yield commercial opportunity primely located on Glasgow's 'Style Mile' at the entrance to the Argyll Arcade. This 3 storey commercial property is currently let to Hutchinson 3G UK until December 2030 with no break clause, the is £130,000 per annum which is a 10.40% yield of the current guide price.
The city of Glasgow is the largest city in Scotland, being located on the River Clyde, 41 miles west of Edinburgh The city is a major port, commercial and administrative centre and is served by the M8, M74 and M77 motorways Glasgow benefits from two principal mainline rail terminals, Glasgow Central and Glasgow Queen Street. The city also has it's own international airport.
Argyll Arcade Occupiers close by include: Nationwide, House of Fraser, Zara, Superdry, Primark and
Santander amongst many others.
ACCOMMODATION
Basement: 146 sq ft, Ground Floor: 888 sq ft, First Floor: 922 sq ft.
Total accommodation of 181.75 sq m (1,956 sq ft) over basement, ground and first floor
RENT: £130,000
VAT
Applicable
Tenure
Heritable-Scottish equivalent of English Freehold
For sale by online auction on 26 February 2025
Bidding opens at 10:00am and closes from 12:00 noon
Let to a Blue Chip Tenant until 2030, with no breaks
Rent £130,000 pa
Prime city centre position on Glasgow's 'Style Mile', at the entrance to Argyll Arcade
10.40% Yield at the Guide Price
Heritable-Scottish equivalent of English Freehold
Buyers Premium
Plus Fees
High Yield Commercial Opportunity
Disclaimers
Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk.
Bidding Security Deposit:
In order to bid, you are required to provide a bidding deposit of £2500 for each lot you wish to bid on, via the registration process.
A ‘hold’ is placed on this amount.
If your bid is successful on auction day, this amount will taken from your account and is included as part of your deposit payment for your property purchase.
If your bid is unsuccessful, the ‘hold’ is automatically removed and the funds are immediately released. The speed at which the funds will be back in your account will depend on your bank or building society.
Please note that bidding for a property is FREE. The bidding deposit forms part of your property purchase deposit and is therefore only taken from your account if successful.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
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- Bidding via committed offer is simple
- Bid for free - No bidders security deposit needed, just register for auction passport
- Online bidding process runs to advertised end date
- If you are highest bidder at the end of the bidding process one of the TCPA / Auctionline team will contact you to proceed with the sale under relevant legal process. A reservation fee and deposit may be required at this stage. please contact relevant team or refer to terms and conditions
- All interested bidders are assumed to have carried out due diligence and checks prior to bidding on the lot
- Buyers are advised to refer to individual terms and conditons, relevant legal pack and are not to rely on details or videos provided by the agent as statement of fact on the basis on proceeding with a sale
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