The subjects comprise a corner positioned ground floor retail unit within a 4 storey blonde sandstone tenement. The premises benefit from three large display windows on Byres Road with a further display window onto Chancellor Street. The prominent corner position also offers excellent signage opportunities.
Internally, the premises are arranged as a showroom with a kitchen and WC to rear. The premises are alarmed and have a door entry system. The floor has a mix of vinyl and laminate finishes. The walls are plaster and fitted. The ceiling is both plaster and suspended with surface mounted strip fittings and downlights.
Location
The premises occupy a a highly prominent location at the junction of Byres Road and Chancellor Street within the heart of Glasgow’s West End. Glasgow has a vibrant student, retail and leisure sector and is widely regarded as the UK’s most popular licensed and retail destination outside of London. Glasgow’s popularity for leisure and tourism has continued to expand in recent years with major developments including the OVO Hydro arena, a world class events, conferences and music venue.
The West End of Glasgow is a desirable trading location with an affluent customer base and large student / young professional population. Byres Road is an established mixed use street comprising both national and niche retailers, bars and restaurants. Surrounding occupiers include Taste Spain, visitwestend.com, La Parada Glasgow, Phone Geek, Westgate property, Henley’s Byre, Little Curry House, Embargo Bar & Kitchen, University Cafe and Sainsbury’s.
The premises are located close to the University of Glasgow’s new £XXXbn campus redevelopment. Within close proximity are a number of major student housing developments benefiting from a high percentage of foreign students. This adds to the highly desirable trading location.
On street parking is available to the front of the property and neighbouring side streets. Both Hillhead and Kelvinhall Subway stations are a short walk from the premises and numerous bus services operate closeby.
Accommodation
Ground Floor: 678 sq ft (63 sq m)
Terms
Rent / Terms - The premises are held on a full repairing and insuring lease expiring 29th January 2023, with an option to extend for a further 10 years. The passing rent is £XXX per annum.
Our client is seeking to assign their lease. Alternatively, the landlord may look at a surrender and a new lease.
Business Rates:
RV: £XXX
Payable: c. £XXX
VAT - All prices, rents, premiums etc. are quoted exclusive of VAT.
Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.
Anti Money Laundering Regulations - The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.
Energy Performance Certificate - A copy can be provided upon request.