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The Blog

TDBRE Completes Glasgow C-Store Sale

Tuesday 25th May, 2021

Glasgow, 350 Argyle Street – Tesco

TDBRE acted on the sale of this long-let convenience store in Glasgow, which sold for £1,910,000 reflecting a net initial yield of 4.68%.

The property is located 0.1 miles from Grand Central Station and sits in the heart of the Central Business District. The lease had recently been renewed to Tesco for a further 15 years without break and benefited from uncapped RPI linked rent reviews.

TDBRE represented the Vendor, a private client. The purchaser was represented by Peter Pain at AGL.

Completion – May 2021