The subjects comprise a ground floor retail unit forming part of a larger five-storey tenement building of red sandstone construction. The property benefits from open plan retail space, large display windows and security shutters.
There is ancillary storage located at the rear of the property in addition to toilet facilities.
( Agency Pilot Software ref: 53853 )
Location
The subjects are located on the edge of the Merchant City, on the eastern periphery of Glasgow city centre. The immediately surrounding area is predominantly residential in nature comprising traditional tenements and new developments of student flats and affordable housing. The subjects are in close proximity to the Candleriggs Square development, which comprises over 340 student apartments along with a 500-bed Social Hub Hotel. In addition, the main campus of the University of Strathclyde is close-by.
Accommodation
61.87 sq. m. (666 sq. ft.)
Terms
LEASE TERMS The premises are offered on a long-term Full Repairing and Insuring lease incorporating regular rent reviews.
RENT Our clients are seeking offers in the region of £22,000 per annum, exclusive of VAT. Incentives are available for a long-term tenant.
RATING ASSESSMENT The subjects are entered in the Valuation Roll with a Rateable Value of £11,000. The poundage rates for 2024/2025 is £0.498 in the pound.
The ingoing tenant may qualify for 100% rates relief subject to meeting the eligibility requirements of the Small Business Bonus Scheme.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT).
ENERGY PERFORMANCE CERTIFICATE An EPC has been prepared for this property and can be provided upon request
Specification
• Merchant City location
• Potential for 100% rates relief
• Extends to approximately 61.87 sq. m. (666 sq. ft.)
• Rental offers in excess of £22,000 per annum, exclusive of VAT
• New FRI lease available