Posted Monday, May 24, 2010
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Sainsbury’s store in Glasgow sold
Stewart McIntosh

A Sainsbury’s supermarket at 135-145 George Street, Glasgow, has changed hands for £865,000.  Located close to Strathclyde University, the unit was bought by a private investor, represented by Ryden. The price paid reflects a net initial yield of 5.1%. 

 

The 3,563 sq ft property is let to Sainsbury’s until January 2025, at an initial passing rent of £46,500 a year with geared RPI uplifts at the five yearly rent reviews.

 

Savills acted for the private seller.

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