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Closing date 12 noon Thursday 28th September 2023, Townhouse Building With Development Potential, 16 Nicholson Street, Glasgow, G5 9ER

1,345 Sq Ft / Other

Sold - Last updated: 27 November 2023

Closing date 12 noon Thursday 28th September 2023

The property comprises a three storey sandstone building with a pitched slated roof. Access is via a single glazed door at ground floor protected by a metal roller shutter. The property has gas central heating and there are toilet facilities on each floor. The property was previously operated as a café/gallery with ancillary offices and accommodation over three floors, as shown on sketch plans attached, which are not to scale and provided for indicative purposes only.

Location

The property is on the west side of Nicholson Street, a short distance from Carlton Place on the south bank of the River Clyde. The building lies between Carlton Place and Norfolk Street and in close proximity is a modern flatted development to the south. Glasgow Sheriff Court is opposite with a mix of office and residential properties at Carlton Place.

The property benefits from its close proximity to a wide variety of city centre retail, restaurant and leisure amenities which are within a ten minute walk via South Portland Street Suspension Bridge. There are also excellent transport links with both Central Station and Bridge Street Underground Station being within convenient walking distance.

Accommodation

The approximate net internal floor areas are as undernoted:

Ground Floor: 48.54 sq.m. (523 sq.ft.)

First Floor: 32.76 sq.m. (353 sq.ft.)

Second Floor: 43.64 sq.m. (470 sq.ft.)

Total 124.94 sq.m. (1345 sq.ft.)

These areas are net internal and exclude the circulation areas and toilets.

Terms

RATES - The subjects are shown in the current Valuation Roll with three separate entries as undernoted:-

Shop - Flat Ground 1 £XXX
Office Flat 2-1 £XXX
Office – 1st and 2nd £XXX
Total £XXX

Please note that a new occupier has the right to appeal the current assessment.

The subjects should benefit from 100% rates relief under the Small Business Bonus Scheme, subject to applicant status.

PLANNING - The property is Category A listed and within the Central Conservation Area.

Whilst the property previously operated as a café/gallery with offices there is potential for complete office use or residential conversion, subject to planning consent. Parties should make their own detailed enquiries in this respect to Glasgow City Council Planning Department:- Telephone: 0141 287 8555 or Email: planningenquiry@glasgow.gov.uk

SALE TERMS - Offers over £XXX are invited for the purchase of our client’s heritable interest.

VAT - All prices quoted are exclusive of VAT, where applicable.

EPC - A copy of the Energy Performance Certificate is available upon request.

LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction. 

Specification

  • Grade A Listed Townhouse
  • Entire building over three floors close to the South Bank of the River Clyde.
  • Short walking distance to city centre via Suspension Bridge.
  • Excellent accessibility to public transportation.
  • Net internal area of 124.94 sq.m. (1,345 sq.ft.) approximately.
  • Offers over £XXX


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