The premises comprise a multi windowed unit arranged over the ground and basement floors of traditional stone built building under a pitched and slated roof.
Internally the premises provide an attractive layout with a glazed feature skylight. There is customer stair access to trading basement space.
Our client also owns the upper floors which are potentially available.
Further details upon request.
Location
Glasgow is Scotland’s largest city and has an immediate population of approx 600,000 people and a retail catchment in the order of 2 million people.
The subjects are located in a prominent position on the north side of Bothwell Street, in the heart of Glasgow’s financial district, in the blocks bounded by Hope Street to the east and Wellington Street to the west. This is a high footfall location in close proximity to Glasgow Central Train Station.
Nearby retail and leisure occupiers include Bar Burrito, Bavaria Bierhaus, 63rd & 1st Bar and Restaurant, Margaret Dabbs, Akiko, Panko, Café Fame, Pret a Manger and Ho Wong.
Accommodation
The main dimensions and gross internal areas are as follows:
Gross Frontage - 58 ft 8 ins (17.88 m)
Net Frontage - 21 ft 2 ins (6.44 m)
Ground Floor - 4,341 sq ft (403.28 sq m)
Basement - 4,685 sq ft (435.23 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 £66,500
Commercial Rates Poundage £0.503 (exclusive of water and sewerage rates)
Rates Payable £33,450
RENT - Offers in excess of £90,000 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 term of 10 years subject to 5 yearly upward only rent reviews.
PLANNING - The premises are suitable for Class 3 (Restaurant) consent with an existing internal extraction. The property is also suitable for Class 1 (Retail) and Class 2 (Office) use with no requirement for a planning change of use.
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.
ENTRY - By agreement.
EPC - Energy Performance Certificate available upon request.