Under Offer Map view Street view 42-46 Buchanan Street, Glasgow, G1 3JX 4,851 Sq Ft / Retail / Investment For Sale - £7,500,000.00 Under Offer - Last updated: 12 June 2025 SummaryUNDER OFFER Let to Hotel Chocolat and L’Occitane, two internationally recognised luxury brands. Rare opportunity to acquire two 100% prime retail units on the UK’s strongest retail street outside of London’s West End. 2.3m Catchment - Glasgow is the largest city in Scotland and benefits from an extensive catchment population of 2.3 million people. Biggest and best retail market - The city has the biggest and best retail market in the UK outside of London’s West End, and Buchanan Street is the undoubted prime pitch. Zero vacancy - Buchanan Street has zero vacancy and rents have rebounded more than 20% in the last 18 months, with Zone A rates again breaking through £300 per sq ft. Two internationally recognised luxury brands - Let to Hotel Chocolat and L’Occitane, two internationally recognised luxury brands, producing £520,000 p.a. Opportunity to secure significant reversion - The L’Occitane lease benefits from a rent review on 13th October 2024, with the passing rent reflecting a Zone A rate of only £222 per sq ft, there is an opportunity to secure significant reversion. Heritable Tile – Heritable Title (Scottish equivalent of English Freehold). Offers are sought in excess of £7,500,000 exclusive of VAT for our client’s Heritable Interest. A purchase at this level would reflect the following yield profile: • Net Initial Yield of 6.50%, • Reversionary Yield of 7.65% • Equivalent Yield of 7.63% Yields are calculated based upon purchaser’s costs of 6.65% and our opinion of ERV at £315 per sq ft Zone A.Key PointsPrime Reversionary Retail InvestmentLet to Hotel Chocolat and L’OccitaneFreeholdProducing £520,000 per annumLocationLocated in Glasgow's city centre in a 100% prime position on the best section of Buchanan Street, which is bounded by St Vincent Street to the North and Argyle Street to the South. Property Quote Price(s) DescriptionSale typeGuide pricePrice type For Sale Freehold £7,500,000.00 NA Documents and links 4246 Buchanan Street Final.pdf Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist