The subjects form part of a traditional end terrace, four storey tenement building. The subjects extend over part ground of the building, with the upper floors being in flatted residential use.
Access to the property from street level is provided by means recessed aluminium framed and glazed door. Being a former bank, the subjects do not have a typical retail frontage but have a fairly solid, tiled frontage with a large 9 unit window section.
Internally, the subjects are arranged to provide a reception and sales area to the front, with a main sales area at ground floor with access to the basement via a flight of stairs to the right of the entrance. The basement contains, what appears to have been used previously as a storage area, as well as a kitchen and two toilets. The basement has access to natural light in the kitchen through three separate single glazed windows.
Location
The subjects occupy an end-terrace position on the western side of Cathcart Road at its junction with Somerville Drive within Mount Florida area of Glasgow’s South Side.
The immediate surrounding area is of a mixed nature, comprising residential and retailing uses. Cathcart Road at this location is characterised by traditional tenement buildings with flatted dwellings on upper floors, with commercial occupiers at ground floor level.
Surrounding commercial occupiers on the whole, comprise small independent local traders and include a funeral parlour, an electrical good repair shop, an opticians, numerous hot food outlets, convenience stores and a charity retailer.
The property fronts directly Cathcart Road, which is a main public transport corridor and traffic thoroughfare linking with Mount Florida and Cathcart areas of Glasgow with the city centre.
Accommodation
According to our calculations on a Net Internal area basis, the subjects extend to the following areas:-
Ground 56.24 sq.m. (605 sq.ft.)
Basement 35.55 sq.m. (383 sq.ft.)
TOTAL 91.79 sq.m. (988 sq.ft.)
Terms
RATING ASSESSMENT - From the Scottish Assessors website we note the Rateable Value to be £8,700. The property qualifies, subject to occupier status, for 100% rates relief via the Small Business Bonus Scheme.
ENERGY PERFORMANCE - Sight of the Energy Performance Certificate (EPC) for the subjects can be made available upon request.
PROPOSAL - Our client is seeking terms for a new Full Repairing and Insuring lease for a minimum period of 5 years on standard commercial terms.
Rental offers in the region of £10,XXXa. are invited.
DEPOSIT - Our client will require as a condition of any new lease a deposit equivalent to 3 months rental.
VAT - The property is/is not VAT registered and accordingly VAT will/will not be charged on the rental.
LEGAL COSTS - Each party will be responsible for their own legal costs.
Specification
- Located within the Mount Florida area of Glasgow’s South Side.
- Overall net internal area 91.79 sq.m. (988 sq.ft.).
- Arranged over ground and basement floors.
- Former bank premises – Class 2 (office) use available.
- New FRI lease available.
- Rental offers in the region of £10,XXX.a.