The property is in a Grade B listed building arranged over ground floor and basement.
Unique Retail, Coffee / Sandwich Bar, Office / Showroom Opportunity within Glasgow’s Merchant City.
Location
Glasgow is Scotland’s largest city with a population of approximately 600,000 people and a wider catchment area population of approximately 2 million people. The main shopping thoroughfares, Buchanan Street and Argyle Street are within a five minute walk.
The property forms part of Italian Centre in the heart of the city’s popular Merchant City, the cultural, fashion, leisure and food destination. The premises occupy a prominent corner position and nearby occupiers include high end fashion retailers like Cruise, Ralph Lauren and Replay as well as high quality bar and restaurant operators like Mediterraneo, Hutchesons City Grill, Tinderbox and Brown’s Bar & Brassiere amongst others.
Accommodation
Ground Floor - 2,550 sq ft (236.89 sq m)
Basement - 1,920 sq ft (178.36 sq m)
TOTAL - 4,470 sq ft (415.25 sq m)
Terms
TENURE - The property is available on a new full repairing and insuring lease for a term to be agreed, subject to five yearly upwards only rent reviews.
RENTAL - Offers over £60,000 per annum exclusive of rates, service charge and VAT.
EPC - Available upon request.
RATEABLE VALUE:
Rateable Value: £47,750
Rates Payable (for 2023/2024): £23,779.50.
Interested parties should verify these figures by contacting the Scottish Assessors office.
PLANNING - The property currently benefits from Class 1 (Retail) Consent. Interested parties are advised to make their own enquiries to the Local Planning Department in respect of alternative uses.
VAT - All rents, prices and premiums are quoted exclusive of VAT.
LEGAL COSTS - Each party to bear their own costs in the transaction. The ingoing tenants will be responsible for any Land & Buildings Transaction Tax, VAT and Registration Dues payable.
SERVICE CHARGE - The service charge for the current budget year is £13,540.34.