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£55,000

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Cathkin Library 21 Lovat Place, Rutherglen, G73 5HS

Commercial

retail

shop

Vacant

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Attractive Commercial Opportunity

Description

  • PRIME NEW LISTING. We are excited to present this Vacant Industrial unit located within a prime location in Glasgow.
  •  Rateable value of  £17,900; Small Business Bonus tapered relief up to 25% subject to eligibility.
  • Sure to appeal to shrewd investors seeking a high-volume commercial asset with impressive floor space and strong re-letting potential.
  • The property could lend itself to a variety of uses following refurbishment, offering flexible options for future occupiers.
  • The property boasts an amazing size for the marketed guide price, creating a compelling value proposition for buyers.

PRIME NEW LISTING. We are excited to present this Vacant Industrial unit located within prime location in Glasgow.

The property comprises a substantial commercial building extending to approximately ft 6000 sq ft of building space and 20,000 sq ft of land, offering extensive space that would suit a range of commercial requirements.

 the property is currently vacant, however if split into separate units and rented to small businesses this property could potentially achieve £4,800 PCM (57,600 PA) based on 8 units at full capacity

The property is held on a freehold basis, giving the buyer outright ownership and long-term control over the asset.

Sure to appeal to shrewd investors looking for potential rental commercial property with excellent square footage.

Property could lend itself to a variety of uses after refurb, allowing purchasers to reposition the unit to meet local demand and their own operational needs, subject to the necessary consents.

Property boasts an amazing size for the marketed guide price.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

The rateable value is understood to be £17,900, which may qualify for tapered relief of up to 25% under the Small Business Bonus Scheme, subject to eligibility.

The advertised size is approximately 26,500 sq ft, making this a rare chance to acquire a large-format commercial unit with genuine scope for enhancement and future value growth.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our Offer Now button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Glasgow is one of the UK’s strongest commercial centres, benefiting from a deep occupier base across industrial, trade counter, logistics and service sectors. The wider area enjoys consistent passing trade and day-to-day demand from established neighbourhoods and a broad local business community. Connectivity is a key driver, with efficient access to major road routes serving the region, and regular rail links supporting staff and customer movement across the city and surrounding towns. Ongoing improvement across key corridors continues to support occupier confidence, helping underpin demand for well-located commercial space suited to a range of uses.

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Deposit & Fee Calculator

10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.