Lennox House, Great Western Road, Clydebank, G81 6DS


For Sale




Poposed sale and leaseback with CPI linked uplifts in rental income


Situated in the Duntocher area of Clydebank, part of Greater Glasgow, the property occupies a very prominent corner site fronting onto the A82 Great Western Road. This is a main arterial road traffic route linking Glasgow’s West End to Dumbarton and onwards to Loch Lomond and the west coast of Scotland.

Key Points

  • Highly prominent site at the junction of Dumbarton Road and Great Western Road (A82) in the Clydebank area of Greater Glasgow
  • Proposed Full Repairing and Insuring lease, subject to a Schedule of Condition, to The Independent Family Funeral Directors Ltd trading as Fosters Family Funeral Directors
  • The lease will be for a period of 15 years subject to a tenant’s only break option at the end of year 10
  • Proposed rent of £40,000 per annum (£11.00 per sqft) with the benefit of 5 yearly uplifts linked to CPI, capped and collared between 3% and 1% per annum, compounded annually
  • The property extends to a gross internal area of 3,637 sq ft on a site of 0.48 acres with customer parking for 19 cars
  • Offers over £550,000 which reflects a net initial yield of 6.9%, subject to the standard purchaser’s costs for a sale and leaseback