Offers over
£220,000
(£202.58/sq. ft)
Property for saleDuke Street, Dennistoun, Glasgow G31
1,086 sq. ft
About this property
Let to Boots UK Ltd (D&B - 5A2)
In occupation since 2010
Whitevale Medical Centre -100m
Reversionary rent - neighbouring corner unit let at £30,000 p.a.
Offers Over £220,000 (niy - 8.24%)
The property comprises a ground floor double fronted retail unit with prominent return frontage. It is contained within a corner four storey tenement building with residential on the upper floors.
The property was fully refurbished and fitted out by the tenant in 2010.
Location
The property is situated on the south side of Duke Street at its junction with Whitevale Street towards the eastern end of the prime retail area of Dennistoun. Occupiers in close proximity include Optical Express, Sunset Beach, Greggs and the recently opened Grosso Restaurant. Whitevale Medical Centre is located 100m to the south of the subjects.
Tenancy Schedule
Tenant: Boots UK Ltd
Rent: £18,500 p.a.
Lease Expiry: 18 February 2030
Tenant Break Option: 19 February 2028
Repairs: Full repairing liability
Price
Our client is seeking offers in excess of £220,000 plus VAT. This price equates to a net initial yield of 8.24% after purchaser's costs.
Covenant Information
Boots UK Ltd is the UK’s leading health and beauty retailer with over 52,000 team members and over 1,800 stores, ranging from local community pharmacies to large destination health and beauty stores. D&B give this company a current financial risk rating of 5A2, with a tangible net worth of £200m.
Tenure
The property is held on a Heritable title (Scottish equivalent of English freehold).
Rateable Value
According to the Scottish Assessor's website () the subjects have a Rateable Value effective 1st April 2026 of £15,700.
The uniform business rate for the current year is 0.481 pence in the pound.
Energy Performance Certificate
The Energy Performance Certificate rating is B.
Legal Costs
Each party shall bear their own legal costs including any LBTT and Registration Dues.
Entry
Upon completion of formal missive under Scots Law.
Anti-Money Laundering
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
The property was fully refurbished and fitted out by the tenant in 2010.
Location
The property is situated on the south side of Duke Street at its junction with Whitevale Street towards the eastern end of the prime retail area of Dennistoun. Occupiers in close proximity include Optical Express, Sunset Beach, Greggs and the recently opened Grosso Restaurant. Whitevale Medical Centre is located 100m to the south of the subjects.
Tenancy Schedule
Tenant: Boots UK Ltd
Rent: £18,500 p.a.
Lease Expiry: 18 February 2030
Tenant Break Option: 19 February 2028
Repairs: Full repairing liability
Price
Our client is seeking offers in excess of £220,000 plus VAT. This price equates to a net initial yield of 8.24% after purchaser's costs.
Covenant Information
Boots UK Ltd is the UK’s leading health and beauty retailer with over 52,000 team members and over 1,800 stores, ranging from local community pharmacies to large destination health and beauty stores. D&B give this company a current financial risk rating of 5A2, with a tangible net worth of £200m.
Tenure
The property is held on a Heritable title (Scottish equivalent of English freehold).
Rateable Value
According to the Scottish Assessor's website () the subjects have a Rateable Value effective 1st April 2026 of £15,700.
The uniform business rate for the current year is 0.481 pence in the pound.
Energy Performance Certificate
The Energy Performance Certificate rating is B.
Legal Costs
Each party shall bear their own legal costs including any LBTT and Registration Dues.
Entry
Upon completion of formal missive under Scots Law.
Anti-Money Laundering
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
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