The subjects comprise a landmark Art Deco building in Glasgow city centre. Opened in 1934 as part of the Paramount cinema chain the building has been a much-loved part of the city’s history.
With a highly prominent curved frontage, the unit offers an excellent presence on the corner of Renfield and West Regent Street in the heart of the city.
Location
Glasgow is Scotland’s largest city, with a population of approximately 660,000 persons and is one of the main retail locations outside of London, with a catchment population of over 2 million persons.
The subjects occupy a highly prominent position on the corner of Renfield Street and West Regent Street in the heart of the Central Business District and established leisure circuit of the city. The surrounding area has seen significant recent activity in both office developments/lettings and leisure occupier take-up. Nearby occupiers include Wagamama, Revolution, GDK, Mozza, Cote Brasserie and many others.
Accommodation
The property is arranged over ground and basement floors, and there is the option to subdivide the space by creating a separate entrance accessing the basement floor. The unit has the following approximate floor areas:
Ground Floor - 3,240 sq ft (301 sq m)
Basement - 3,014 sq ft (280 sq m)
Total - 6,254 sq ft (581 sq m)
Terms
TERMS - The unit is offered on new Full Repairing and Insuring lease terms, for a period to be agreed between the parties. Details of the quoting rent can be obtained from the agents.
Further information on the potential sub-division can be obtained from the letting agents.
VAT - All figures are exclusive of VAT.
LEGAL COSTS - Each party will bear their own legal costs in any transaction, however for the avoidance of doubt the ingoing tenant shall be liable for SDLT incurred in this transaction.
Specification
- Flagship leisure opportunity
- Highly visible corner location
- Potential to sub-divide
- 581sqm (6,254sqft)