The premises comprise a selfcontained ground floor and basement property forming part of a larger traditional 4 storey red sandstone building under a pitched and slate clad roof.
Internally the unit is laid out to provide an open plan seating area with kitchen, office and wc accommodation to the rear. The basement area provides additional wc accommodation and staff/storage facilities.
We believe that there is scope to install a trading mezzanine level within the premises given the significant floor to ceiling height.
Location
The subjects are located in highly prominent position on Argyle Street, close to the junction with West Campbell Street, in the heart of Glasgows’ International Financial Services District (IFSD). This location has seen significant new office development in the last few years, with nearby occupiers including HMRC, BDO, JP Morgan, Ministry of Defence, BT and many others.
The area is very well served by nearby hotels including Radisson Blu, Yotel, Hotel Indigo, Ibis Styles and Premier Inn. Commercial occupiers in the immediate vicinity include Tesco, Co-op, JD Wetherspoon, William Hill and many others.
Accommodation
The premises have the following approximate floor areas.
Ground Floor - 119.47 sq m (1,286 sq ft)
Basement - 102.19 sq m (1,100 sq ft)
Terms
TERMS - Our clients are seeking offers in excess of £45,000 per annum for the benefit of a new lease.
RATING - The subjects are entered in the Valuation Roll as having the following rating assessment. Rateable Value: £15,800 At this level of rating assessment, the ingoing tenant may be eligible for 25% rates relief. For further information please contact the agents.
VAT - All figures are quoted as exclusive of VAT at the prevailing rate.
EPC - An EPC has been prepared for the property and is available upon request.
LEGAL COSTS - Each party will be liable for their own legal costs, however for the avoidance of doubt the ingoing tenant shall be liable for LBTT, Extract Copes and VAT Thereon.
Specification
- Excellent restaurant premises
- Located in the heart of the IFSD
- City centre location
- Total area 222m2 (2,390sqft)
- Scope to install mezzanine floor