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196 Bath Street, Glasgow, G2 4HG

  • Investment
  • 3,195 sq ft
  • For Sale
196 Bath Street, Glasgow, Investment For Sale - PHOTO20250410073912 4.jpg
196 Bath Street, Glasgow, Investment For Sale - PHOTO20250410073912.jpg
196 Bath Street, Glasgow, Investment For Sale - PHOTO20250410073911.jpg
196 Bath Street, Glasgow, Investment For Sale - PHOTO20250410073911 4.jpg
196 Bath Street, Glasgow, Investment For Sale - PHOTO20250411102302.jpg
196 Bath Street, Glasgow, Investment For Sale - PHOTO20250410073912 11.jpg
196 Bath Street, Glasgow, Investment For Sale - PHOTO20221212183708 7.jpg
Under Offer
Property Type Investment
Tenure For Sale
Size 3,195 sq ft
Price Offers in excess of £650,000 A purchase at this level reflects a NIY of 10.37% after purchasers costs.
Energy Performance Rating Upon enquiry

Fully-let refurbished townhouse investment located within prime section of Bath Street

Key Features

  • Well-presented prime townhouse investment
  • Fully refurbished to a very high standard
  • Benefits from attractive original features
  • Arranged over ground, first and second floors
  • Let to 3 x separate tenants - with total rent of £70,800 PA
  • Average WAULT of 3.39 years
  • Offers over £650,000 + VAT invited = 10.37% NIY

Description

Fully refurbished 3 x storey blonde sandstone townhouse with a modern spec whilst retaining its attractive original feautures.

Secure door entry system leading into attractive common entrance hall where a single staircase provides access to the upper floors.

Communal WC facilities are provided on the ground and second floor.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Rent Availability
Ground - Stephen Doran Ltd 873 81.10 £30,000 /annum Let
Ground - Delaney Graham Ltd 267 24.81 £5,006.25 /annum Let
1st - Kinesys Consulting Ltd 1,106 102.75 £18,000 /annum Let
2nd - Delaney Graham Ltd 949 88.16 £17,793.75 /annum Let
Total 3,195 296.82

Location

The subjects are located within the heart of Glasgow City centre on the north side of Bath Street, within its prime section a short distance east of its junction with Douglas Street. Glasgow’s main shopping streets, Buchanan Street & Sauchiehall Street, are located a 5-minute walk away as well as being located within a core business / office area of the city centre.

Metered on-street parking is provided to the front whilst numerous multi-storey car parks are found within the immediate vicinity. Excellent public transport links are also provided with numerous bus services operating on Bath Street whilst Cowcaddens Underground Station and Charing Cross Railway Station are both a short walk away.

Tenancy Information

GF Front - Let to Stephen Doran Ltd (Hair Salon) 10 year IRI lease from June 2022, tenant only break in June 2027. Passing rent of £30,000 pa subject to review in June 2027 RPI capped and collared at 2-4%.

1st Floor - Let to Kinsey Consulting Ltd (Medical Sector) on a 8 year IRI license from 2019, no reviews or breaks, passing rent of £18,000 per annum.

2nd Floor & Ground Floor Rear - Let to Delaney Graham Ltd (Solicitors) on a 7 year IRI license from November 2021, no breaks, passing rent of £22,800 subject to open-market review in November 2026.