The subject property comprises corner retail premises contained within an end terraced tenement block formed over three storey and basement levels. Being situated at a corner, the subjects have an extensive display frontage with coverage onto Albert Drive and Glenapp Street. This is of traditional design and specification, having a timber painted fascia incorporating single glazed timber framed plate glass windows, externally protected by steel roller shutters.
Principal access to the property is by way of the recessed entrance doorway off Albert Drive.
The internal layout provides a main open plan sales area at the ground floor level, with a stairwell leading from this directly to the basement. The basement area incorporates a further sales area, toilet compartment, storage and staff accommodation.
Rear egress for fire escape purposes is available from the basement.
Location
The subjects are situated to the north-most side of Albert Drive, within the block bound by Fort Street to the east and Glenapp Street to the west, within the Albert Cross area of Pollokshields. Pollokshields is a densely populated urban area situated approximately 3 miles to the south of Glasgow City Centre and generally characterised by a mix of high density residential and commercial properties.
Albert Drive adjoins Pollokshaws Road (A77) to the east and is one of Glasgow’s main arterial road routes linking the city centre to the southern periphery of the Greater Glasgow conurbation including Pollokshields.
Nearby occupiers are predominantly of a local independent nature, interspersed with selective national multiplies. Other adjoining units include jewellers, fashion outlets and hot food units.
Car parking is available on Albert Drive, with unrestricted parking also available on adjacent streets.
Accommodation
According to measurements taken at the time of our inspection, we calculate the subjects to extend to the following Net Internal floor areas:-
Ground floor - 52.79 sq.m (568 sq.ft)
Basement - 54.28 sq.m (584 sq.ft)
Total - 107.07 sq.m (1,152 sq.ft)
Terms
RATING ASSESSMENT - According to the Scottish Assessors Association website, (www. saa.gov.uk) the subjects are entered into the current Valuation Roll with a Rateable Value of £XXX
Subject to applicant qualification, the subjects should qualify for 50% rates relief under the Small Business Bonus Scheme.
LEASE TERMS - A new Full Repairing and Insuring lease is available for a period of not less than 5 years.
Rental offers in excess of £XXX per annum are invited.
We would note that our client will require a rental deposit of not less than 3 months rent equivalent as a condition of any new lease agreement.
VAT - We are advised by our client that the subjects are not elected for VAT and, accordingly, VAT will not be payable on the rental.
DATE OF ENTRY - Immediate entry on the conclusion of legal formalities is available.
LEGAL COSTS - Each party will be responsible for their own legal costs incurred in the transaction.
Specification
- Corner retail unit arranged over ground and basement floors.
- Located along well established south side secondary thoroughfare
- with historically good levels of occupancy.
- New FRI lease available.
- Net Internal Area of 107 sq.m (1,152 sq.ft) approximately.
- No VAT or rates applicable.
- Rental offers in excess of £XXX per annum invited.