The subjects comprise the ground and basement floors within a seven storey and basement building of traditional stone construction with a pitched and slated roof. The premises can be serviced at the rear from Dundas Lane and an additional entrance from this lane is an option. The property has excellent floor to ceiling height and provides well configured open plan sales space. It should be noted that it may be possible to install a mezzanine level within the shop.
At the front of the shop there is an area between the shop front and the pavement separated by a granite wall and balustrade. This area would be ideal for tables and chairs for restaurant, café or bar use.
As the basement has two means of fire escape it is suitable for use as sales space.
Location
The property is situated in the heart of Glasgow city centre on West George Street close to Buchanan Street and the Dundas Street entrance/exit to Queen Street Station. The property is situated in close proximity to Buchanan Street Underground and will benefit from the £XXXm rebuilding of Queen Street Station scheduled to complete in 2020. (1)
In addition, MEININGER Hotels have signed an agreement for a hotel opposite the property in the former Dale House. The hotel will offer 160 rooms and 590 beds. The opening is scheduled for 2020. (2)
The unit enjoys good visibility from Buchanan Street.
Other occupiers in the area include Waxy O’Conners, the Carlton George Hotel, Pizza Crolla, New Look, Clydesdale Bank, North Face, Apple and Urban Outfitters.
Accommodation
Gross frontage - 30 ft
Net frontage - 21 ft 9 ins
Total built depth - 103 ft 1 ins
Ground floor area - 2,191 sq ft
Basement area - 2,214 sq ft
Total Area - 4,405 sq ft
Terms
Planning - We have been verbally informed by the local Planning Department that the building is Grade B listed. We understand the shop has existing consent for Class 1 retail use but would also be suitable for Class 2 office/building society/bank use, Class 3 restaurant, café use and also suitable for public house use. These other uses would require change of use and all interested parties should speak to Glasgow Council Planning Department at 0141 287 8555.
Rating:
Rateable Value - £XXX
Rate in the pound - XXX exclusive of water and sewerage.
Rent - Offers in the region of £XXX per annum are invited on the basis of a lease on full repairing and insuring terms with upward only rent reviews every 5 years.
Service Charge - The yearly service charge is approximately £XXX per annum.
Entry - Immediate entry is available.
Legal Costs - Each party to pay their own however in the normal manner the ingoing tenant will be responsible for LBTT and registration dues.
VAT - The property is VAT elected and therefore VAT will be charged on the rent.