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Category B Listed Building (Bar/Restaurant), 217-221 Argyle Street, Glasgow, G2 8DL

14,836 Sq Ft / Retail / General Retail

Sold - Last updated: 28 July 2022

An entire building formed over basement, ground and three upper floors with an extensive glazed retail frontage to Argyle Street.

While the basement has been compartmentalised, each upper floor is generally of an open layout with natural light coming from large windows in the front elevation. A feature stair sits in the centre of the building and a lift shaft is at the rear of the property connecting all floors.

Location

Argyle Street is one of the principal retailing pitches in Glasgow City Centre. The premises sit on its southern side, between its junction with Union Street and Jamaica Street and adjacent to the 'Heilanman's Umbrella' overpass to Central Station.

There are a mix of retail and leisure operators in the immediate vicinity including McDonalds, KFC, Taco Bell and Tim Hortons.

Accommodation

Scaling from plans provided to us, we estimate the property to extend to the following approximate floor areas:

Basement: 186.82 sq m - (2,011 sq ft) 

Ground Floor: 310.00 sq m - (3,337 sq ft)

1st Floor: 292.17 sq m - (3,145 sq ft)

2nd Floor: 294.96 sq m - (3,175 sq ft)

3rd Floor: 294.32 sq m - (3,168 sq ft)

Gross Internal Area: 1,378.27 sq m (14,836 sq ft)  

Terms

Rating - From saa.gov.uk, the unit is entered in the current Valuation Roll as NAV/RV: £XXX

Planning - Designed by Glasgow Architect James Thomson in 1863, the property is Category B Listed.

The premises are currently in Class 1 (Retail) Use. A (now lapsed) Planning Consent was obtained in 2013 permitting use as a combined bar, restaurant and nightclub. Glasgow Planning Ref:13/00345/DC.

Energy Performance Certificate - G

Terms - Our clients offer the heritable interest (the Scottish equivalent of English freehold) with the benefit of vacant possession and seek offers in excess of £XXX million.

Legal Expenses - Each party will be responsible for their own legal and professional costs incurred as part of any transaction. The purchaser will also be responsible for any Registration Dues and Land & Buildings Transaction Tax that may be payable.

VAT - All figures are quoted here exclusive of VAT. We understand the property has been elected for VAT purposes and any agreed sale price will therefore be subject to VAT.


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