CONFIDENTIAL SALE
FOR SALE
08/04/19
671
Great opportunity to purchase the freehold of large ground floor shop premises in the town of East Kilbride, Glasgow.
The property occupies the ground floor of a mixed residential and commercial building situated close to the centre of the town.
Currently tenanted on a full insuring and repairing lease and trading as a hair salon. The investment currently returns a hands off rental income to the landlord of £7800 per annum with a rent review due in 2020.
East Kilbride is the largest town in South Lanarkshire in Scotland and the 6th largest settlement in Scotland with a population of circa 75,000 residents. It was also designated Scotland's first new town on six May 1947. The area lies on a raised plateau to the south of the Cathkin Braes, about eight miles (13 km) southeast of Glasgow and close to the boundary with East Renfrewshire.
The town is enclosed by the White Cart Water to the west and the Rotten Calder Water to the east, the latter flowing northwards adjacent to Blantyre, before joining the River Clyde opposite Daldowie near Cambuslang. This area was previously the site of the small village of East Kilbride, prior to its post-war development into a New Town. The old village still survives and is integrated with the town close to its town centre.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.