DESCRIPTION
The subjects have been fully refurbished whilst retaining their historic character. The property benefits from first floor windows overlooking Buchanan Street, providing a highly prominent frontage and presence on the street. There are underfloor databoxes with hard wired CAT5 connections to a central data/server room. The windows to the office were replaced in 2015. The building known as the “Dundas Building” had the slate roof covering completely replaced at in 2012.
RATEABLE VALUE
The premises are currently assessed with two occupiers, with separate Rateable Values of £12,300 & £4,200 from 1st April 2023. A rating appeal is in progress for the £12,300 Rateable Value.
SERVICES
The property is connected to mains gas, mains electricity, mains water and mains drainage. Heating and cooling are from a mix of air conditioning and gas fired central heating. There is a security alarm system. The building is served with a passenger lift to all floors.
THE OPPORTUNITY
The premises are suitable for a variety of occupiers, able to capitalise on the highly assessable prime location, with a presence on Buchanan Street, with a significant discount for ground floor retail rental. Alternatively, the premises are fully fitted and ready to occupy as offices and there is an opportunity to subdivide and part occupy the property, depending on an occupier’s requirement.
Location
Buchanan Street is long established as one of the strongest shopping and commercial locations outside London and is Glasgow’s prime retailing street. The subjects are located on the first floor, above 100% prime retail, adjacent to the Buchanan Galleries.
The premises are highly assessable, only a minute walk from Glasgow Queen Street Station, opposite Buchanan Street Underground Station and only a short walk to the Buchanan Galleries Car Park. The location makes the property ideally suited for continued use as offices or alternatively, as a showroom, quasi retail, treatment rooms or other similar use.
Accommodation
FLOOR SIZES
Approximate floor areas (subject to measurement survey) are as follows:
Net Lettable Floor Area 162.66sqm (1,750 sq. ft.)
Gross Internal Area 190.82 sqm (2,053 sq. ft).
The office has its own WC/Shower room. There are also communal ladies’ and gents’ toilets serving each floor. The layout enables the space to be let as a whole, split into a variety of configurations or let as individual rooms.
Terms
TERMS
Offers Over £365,000 are sought for the heritable property. All prices exclude VAT.
Alternatively, our clients may consider a lease for a minimum term of 5 years on a tenant full repairing and insuring basis.
Specification
EPC
An EPC is available on request.
ANTI MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.