The subjects comprise a ground floor retail/office unit within a larger six storey traditional red sandstone building, with the upper floors being utilised as office accommodation.
Internally the unit is largely open plan in nature, with the addition of several small private offices, and staff areas. The unit would suit a variety of uses including retail, office or showroom.
This area of the city is home to a variety of retailers and F+B operators, including Blackfriars, Cafe Gandolfi, Merchant Square, Bucks Bar and many
others.
( Agency Pilot Software ref: 53183 )
Location
The subjects are located on the east side of Albion Street, a short distance from both Bell Street and Trongate, in the heart of the Merchant City. This area of the city has benefited considerably from regeneration, with multiple residential and student developments, and is now home to a variety of retail and leisure occupiers. The property is within walking distance of Buchanan Street, and has easy access to Glasgow Central, Queen Street and High Street railway stations.
Accommodation
Ground 150.47sq m ( 1,620 s q ft )
Terms
LEASE TERMS The premises are offered on a new Full Repairing and Insuring lease, of negotiable length, subject to regular rent reviews.
RENT We are instructed to seek rental offers over £20,000 per annum for a new lease on the subject property. Please contact the letting agents for an Offer to Let form. As part of any letting it is likely that our client will require an advance rental payment. Full details are available from the letting agents.
RATING ASSESSMENT The subjects are entered in the Valuation Roll with a Rateable Value of £18,000. The rate poundage for 2024/2025 is £0.498 in the pound.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of VAT at the appropriate rate.
ENERGY PERFORMANCE CERTIFICATE An EPC has been prepared for this property and can be provided upon request.
LEGAL COSTS Each party will be responsible for their own legals costs incurred in any transaction, however for the avoidance of doubt, the ingoing tenant shall be liable for LBTT, Extract Copies and VAT thereon.
Specification
• Retail/Office premises
• Merchant City Location
• Unit extends to approximately 150.47sqm (1,620sqft)
• New FRI lease available
• Would suit a variety of uses
• Rental offers over £20,000 per annum