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Retail Unit with Class 2 Consent, 578 Alexandra Parade, Dennistoun, Glasgow, G31 3BP

1,535 Sq Ft / Retail / General Retail

To Let - £14,000.00 per annum

Under Offer - Last updated: 19 October 2021

The premises comprise a lock up retail / office property that appears to have originally been a bank and is laid out over ground and basement levels.

Benefiting from a traditional polished granite bank frontage, the premises are laid out with an open sales area to the front with male, female and disabled wc’s to the rear. Staff welfare facilities are provided at basement level.

Location

Dennistoun is a densely populated and vibrant suburb of the Glasgow conurbation and lies approximately 2 miles east of the city centre.

Alexandra Parade is one of the principal thoroughfares that runs east-west through the district and is a major bus corridor. The area is also served by Alexandra Parade rail station that links into the Glasgow low level network.

The subjects sit on the south side of the street, between its junctions with Meadowpark Street and Craigielea Street. Nearby occupiers include a number of Estate Agents, Honey Pharmacy and a G101 Convenience Store.

Accommodation

Ground Floor: 111.04 sq m ( 1,195 sq ft)
Basement Storage: 31.54 sq m ( 340 sq ft)
NET INTERNAL AREA: 142.58 sq m ( 1,535 sq ft)

Terms

The premises are held on a full repairing and insuring lease expiring at 25 April 2024. The current passing rent is £14,000 per annum although there is an unresolved rent review from April 2019.

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.

Rating
From saa.gov.uk, the premises are entered in the current Valuation Roll as:

NAV/RV: £13,900; Poundage for 2019/20: £0.494

With the Rateable Value set at this level qualifying occupiers can apply for the Small Business Bonus Scheme that can reduce the Rates Payable to £0.

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.

Energy Performance Certificate - F

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 LBTT that may be payable.

VAT
All financial figures are quoted here exclusive of VAT. We do however understand that the property has not been elected for VAT purposes and VAT is therefore not chargeable on the rent.

Entry
Immediately available on conclusion of missives.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £14,000.00 per annum

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Contact agents

David Glen

Glen & Co

0141 432 0329



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