The premises comprise a single windowed retail unit arranged over the ground and basement floors of a traditional stone building under a pitched and slated roof.
The upper floors are in separate office use.
Subject to planning there may be scope for implementing outdoor seating.
Location
Glasgow is Scotland’s largest city and has an immediate population of approximately 600,000 people and retail catchment in the order of 2 million people.
The subject premises are located in a prominent position on the south side of Nelson Mandela Place overlooking Buchanan Street, Glasgow’s main retail thoroughfare which benefits from 6,600 people per hour and is ranked 2nd in the UK retail hierarchy. The premises are positioned within close proximity to Buchanan Galleries Shopping Centre and the newly refurbished Queen Street train station at George Square.
Nearby occupiers include Urban Outfitters, New Look, Apple, North Face, Absurd Bird, Starbucks, Amarone and Yo Sushi.
Accommodation
The main dimensions and net internal areas are as follows:
Gross Frontage - 20 ft 3 ins (6.17 m)
Net Frontage - 15 ft 7 ins (4.75 m)
Ground Floor - 1,094 sqft (101.63 sqm)
Basement - 398 sqft (36.97 sqm)
Terms
RATING - We are verbally advised by the local Assessors department that the subjects are entered in the Valuation Roll as follows:
Rateable Value £XXX
Commercial Rate Poundage £XXX (exclusive of water and sewerage rates)
Rates Payable £XXX per annum
Please note the rates payable may be subject to relief from recent government measures announced to assist businesses. Further details upon request.
RENT - Offers in excess of £XXX per annum exclusive are invited.
LEASE TERMS - The premises are available on the basis of a new full repairing and insuring lease for a minimum term of 10 years subject to 5 yearly upward only rent reviews.
LEGAL COSTS & VAT - Each party is to be responsible for their own legal costs incurred in connection with this transaction with the ingoing tenant to be responsible for Land and Buildings Transaction Tax (LBTT), registration fees and any VAT incurred thereon.
ENTRY - By agreement and subject to vacant possession.
ENERGY PERFORMANCE CERTIFICATE - EPC rating details available upon request.
PLANNING - The premises are suitable for Class 1 (Retail) or Class 3 consent for coffee shop use. Further details are available upon request.