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Retail Unit In Prime Corner Position, 303 Byres Road, Glasgow, G12 8UQ

973 Sq Ft / Retail / General Retail

For Sale

To Let - £40,000.00 per annum

Under Offer - Last updated: 16 November 2021

Occupying a prominent corner position on Byres Road, the subjects comprise a lock-up retail unit, extending over ground and basement floors, with a mezzanine created within the ground floor accommodation.

The subjects form part of a traditional four storey over basement end of terrace, tenement building, benefitting from a return display frontage onto Roxburgh Street.

Internally, the unit is of typical design and layout arranged to provide open retailing space at ground floor level, with storage accommodation and staff toilet compartments at basement level, and consultation rooms within the mezzanine level.

Location

The subjects are situated on the west side of Byres Road in the Hillhead area of Glasgow’s West End, approximately 2 miles west of the city centre.

Byres Road is the principal retailing thoroughfare within Glasgow’s West End and runs north to south, between Great Western Road and Dumbarton Road.

Byres Road has long been the principal commercial area of Glasgow’s West End, having an established mixed use character, including retail, leisure and office uses mixed in amongst residential properties.

This stretch of Byres Road is a strong retail pitch occupied by a mixture of local and national operators, the latter including Virgin Money, Boots, Tesco, Marks & Spencer’s, Pret A Manger and Starbucks

The subjects benefit from being in close proximity to Hillhead Station on Glasgow’s underground railway network, whilst various bus services operate along Byres Road.

Accommodation

According to our calculations the subjects have a total Net Internal Area of approximately 89.40 sq.m (973 sq.ft).

Terms

RATES - Reference to the assessors website has shown that the subjects are entered in the current Valuation Roll with a Rateable Value of £34,750.

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

Due to Covid-19, the retail sector are granted 100% rates relief until March 2022.

LEASE TERMS - Our client is seeking to lease the property on a new Full Repairing Insuring lease for the minimum period of 5 years.

Rental offers in excess of £40,000 are invited.

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

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

ENTRY - Entry is available upon completion of legal formalities.

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

Specification

  • Prime positioned corner retail unit on Byres Road in the heart of Glasgow’s West End.
  • Class 2 (Office) consent granted.
  • Total Net Internal area of 89.40 sq.m (973 sq.ft) approx.
  • Rental offers in excess of £40,000 are invited.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Available on application For Sale Freehold NA NA
Offers in excess of To Let £40,000.00 per annum

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Contact agents

Claire Hutton

DM Hall

0141 432 0952

Jonathan McManus

DM Hall

0141 432 0934



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