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174 Main St 1,017 SF Retail Condo Unit Offered at $353,383 CAD in Cambuslang G72 7EN
INVESTMENT HIGHLIGHTS
- Situated in popular residential and retail location
- Cambuslang train station approximately 0.2 miles away
- Strong transport links with Junction 2 of M74
EXECUTIVE SUMMARY
The subjects are situated in Cambuslang, located 5 miles south-east of Glasgow. The area is a popular residential and retailing location and is held within the South Lanarkshire council district. Cambuslang benefits from strong transport links with Junction 2 of the M74 motorway located nearby, providing access to Glasgow city centre and Scotland's wider motorway networks. Cambuslang train station is located approximately 0.2 miles from the subject property offering frequent services into Glasgow central station, Cumbernauld and Lanark. The subjects occupies a prominent position on Main Street, which acts as one of the main vehicular and pedestrian throughfares within Cambuslang. The surrounding area benefits from a blend between residential and commercial operators including Costa, JD Wetherspoons, and Boots.
PROPERTY FACTS
| Total Building Size | 1,100 SF | Floors | 5 |
| Property Type | Retail (Condo) | Typical Floor Size | 1,100 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1908 |
| Building Class | C | Tenancy | Single |
| Total Building Size | 1,100 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 1,100 SF |
| Year Built | 1908 |
| Tenancy | Single |
AMENITIES
- Storage Space
1 UNIT AVAILABLE
Unit 174
| Unit Size | 1,017 SF | Sale Type | Investment |
| Price | $353,383 CAD | Tenure | Freehold |
| Price Per SF | $347.48 CAD | Cap Rate | 8.95% |
| Condo Use | Retail | NOI | $31,627.81 CAD |
| Unit Size | 1,017 SF |
| Price | $353,383 CAD |
| Price Per SF | $347.48 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.95% |
| NOI | $31,627.81 CAD |
DESCRIPTION
The subject is an end-terraced, ground floor retail unit, forming part of a larger five storey building with residential dwellings on the upper floors. The property benefits from a dedicated pedestrian access via Main Street, as well as a large, glazed display frontage.
SALE NOTES
Our client is seeking offers in excess of £190,000 for their heritable interest in the subjects, reflecting an attractive net initial yield of 8.95%.
Currently leased to CCHG Ltd for £17,000 pa (FRI) - expires on the 15th of November 2027.
NEARBY MAJOR RETAILERS
Presented by
174 Main St
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