The premises comprise a double windowed retail unit arranged over the ground and basement floors of a traditional stone built building under a pitched and slated roof. The upper floors are in separate office use.
Location
Glasgow is Scotland’s largest city and has an immediate population of approximately 600,000 people and a retail catchment in the order of 2 million people.
The subjects are located in a prominent position on the south side of Sauchiehall Street, one of Glasgow’s main shopping streets, in the blocks bounded by West Campbell Street to the east and Blythswood Street to the west.
Nearby occupiers include Tesco, Costa Coffee, Caffè Nero, Primark, Card Factory, Greggs, Assai Records and Willow Tea Rooms.
Accommodation
The main dimensions and gross internal areas are as follows:
Gross Frontage - 37ft 9ins (11.50m)
Net Frontage - 31ft 7ins (9.62m)
Ground Floor - 3,885 sq ft (360.92 sq m)
Basement - 1,958 sq ft (181.90 sq m)
Terms
RATING - We are verbally advised by the Local Assessors department that the subjects are entered in the Valuation Roll as follows:
Rateable Value £72,500
Commercial Rates Poundage £0.516
(exclusive of water and sewerage rates)
Rates Payable £37,410
RENT - Offers in excess of £85,000 per annum exclusive are invited.
LEASE TERMS - The premises are available on the basis of a new Full Repairing and Insuring lease for a minimum terms of 10 years subject to 5 yearly upward only rent reviews.
PLANNING - The premises are suitable for Class 1A (Retail) consent for retail, office and restaurant uses. Further details upon application.
ENTRY - By agreement and subject to vacant possession.
LEGAL COSTS & VAT - Each party is to be responsible for their own legal costs incurred in connection with this transaction with the ingoing tenant to be responsible for Land and Buildings Transaction Tax (LBTT), registration fees and any VAT incurred thereon.
ENERGY PERFORMANCE CERTIFICATE - EPC rating details available upon request