The premises comprise a double fronted retail premises arranged over ground, first and second floors within a 3 storey blonde sandstone building. The ground floor is fitted out to the tenant’s standard specification.
Location
Glasgow is Scotland’s largest city with a population of approximately 660,000 and an estimated shopping catchment of 2 million.
The premises occupy a 100% prime location on the north side of the pedestrianised section of Sauchiehall Street.
Nearby occupiers include Popeyes, Chopstix, McDonalds, Jollibee, Blacksheep, Starbucks, Mountain Warehouse and Kokoro.
Accommodation
The premises extend to the following approximate areas:
Ground Floor: 2,391 sq ft / 222.09 sqm
First Floor: 1,868 sq ft / 173.57 sqm
Second Floor: 1,992 sq ft / 185.03 sq m
Terms
Tenancy - The property is held on a full repairing and insuring lease with on the following terms:
Tenant: Savers Health & Beauty Ltd
Expiry: 3rd July 2029
Passing Rent: £120,000pa
Savers Health & Beauty Ltd operate 522 stores throughout the UK, employing over 5,000 staff.. For their financial year ending 2023, the business reported an annual turnover of £754m.
Price - On application
EPC - On application
Legal Costs - Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Specification
- Prime City Centre Investment
- Let to Savers Health & Beauty Ltd on FRI Lease
- Rent: £120,000 pa
- Expiry: 3rd July 2029
- Price: On application