21 Queen Street comprises a retail premises arranged over ground and basement, where upper floors are earmarked for future office redevelopment.
Location
Glasgow is Scotland’s largest city and benefits from an immediate population of approximately 660,000 people and an estimated shopping catchment of 2 million.
The subjects are situated on the west side of Queen Street, in the heart of Glasgow City Centre by the block bound by Argyle Street to the south with Royal Exchange Square and George Square to the north.
Nearby occupiers include a host of commercial uses, including offices, restaurant / leisure uses, hotels and retailers Holland & Barrett, Ladbrokes, Subway, Primark, Next, Footlocker and Sainsburys Local.
Accommodation
The subjects extend to the following areas which have been measured in accordance with the RICS Code of Measuring Practice, 6th Edition;
Ground Floor - 98.57 sq m (1,061 sq ft)
Basement - 109.53 sq m (1,179 sq ft)
Total - 208.10 sq m (2,240 sq ft)
Terms
Rating - We have been verbally advised by the Rates Authority that the rateable value of the subjects with effect from 1 April 2018 is £47,000.
Each new occupier has the right of appeal against this figure. Based on a rate poundage of XXX this rateable value will result in an estimated rates liability in financial year 2019/20 of £23,030.00
Term - The subjects are available to lease on standard, Full Repairing and Insuring terms for a period of negotiable duration, incorporating annual Landlord breaks.
Short term occupancy on 12 month rolling contract will also be considered.
Rent - Offers over £50,000 per annum.
Costs - Each party to be responsible for their own legal costs incurred in this transaction.
Energy Performance Certificate - Full Energy Performance Certificate available on request.
VAT - All prices, rents, etc, are quoted exclusive of VAT which will be charged at the prevailing rate.