The premises comprise a lock up shop/office unit formed over ground and basement floors.
Benefiting from a modern timber framed and glazed shopfront, the premises have been recently refurbished with all previous shopfittings removed and returned to a ‘white box’ ready to accept the fittings of a new occupier.
Location
Sauchiehall Street is an arterial route that leads into Glasgow city centre from the West End. The premises sit on the street’s southern side between its junctions with Elmbank Street and Charing Cross.
The surrounding area is a diverse mix of retail, leisure, residential and office uses. This stretch of Sauchiehall Street is particularly held as being a well established and vibrant night-time leisure circuit.
Nearby occupiers include a Tesco Metro, the Genting Casino, Nice n Sleazy Music Bar and a soon-to-open KFC.
Accommodation
Measured in accordance with the 6th Edition of the RICS Code of Measuring Practice, we estimate the property to extend to the following floor areas:
Ground Floor: - 81.35 sq m ( 876 sq ft)
Basement - 80.71 sq m ( 869 sq ft)
Net Internal Area - 162.07 sq m (1,745 sq ft)
Terms
Rating - From saa.gov.uk, the premises are entered in the current Valuation Roll as:
NAV/RV: £25,750; Poundage for 2018/19 - £0.48
Planning - From the property’s previous use, we would expect that it benefits from a Class 2 (Office and Financial Services) Planning Consent. As such, deemed consent is also available for use of the property for Class 1 (Retail) purposes.
Historically, the premises previously traded as a Chinese Restaurant and we would therefore expect the premises previously benefited from a Class 3 (Restaurant) Consent. For a potential return to such use we would recommend interested parties speak directly to Glasgow City Council Planning on 0141 287 8555.
Energy Performance Certificate Rating - F
Terms - Our clients hold the premises on a full repairing and insuring lease that expires at 5 February 2023. The current passing rent is £45,000 per annum.
Our clients seek to assign their interest or may consider a sub-letting on terms to be agreed. Subject to status, attractive incentives are available to assignees.
Legal Expenses - Each party will be responsible for their own legal and professional costs incurred as part of any transaction. The ingoing occupier will also be responsible for Registration Dues and any Land & Buildings Transaction Tax that may be payable.
VAT - All financial figures are quoted here exclusive of VAT which will be charged at the prevailing rate.
Specification
- Refurbished Unit with Class 2 Consent
- Net Internal Area - 162.07 sq m (1,745 sq ft)
- Rent £45,000 pa