The subjects comprise a self-contained mid-terraced retail unit over ground and basement floors within a four storey and basement sandstone tenement, the upper floors being in residential use. (A full refurbishment of the tenement of which the subjects form part is scheduled to be completed in December 2017).
Location
The subjects occupy a prominent trading location on Great Western Road close to its junction with Byres Road and Queen Margaret Drive in the Hillhead district of the West End of Glasgow approximately 2 miles from the city centre.
Great Western Road (A82) comprises a main arterial route linking the city centre with the west end. The subjects benefit from excellent transport communications being in close proximity to both Hillhead and Kelvinbridge Underground Stations.
Adjacent to Penny Black Post Office, nearby traders include Vanilla Square, Bread Meats Bread, Boots, Nordic Outdoor with Oran Mor and Waitrose (in Byres Road) close by.
Accommodation
The ground floor provides sales accommodation with a gross frontage of approx. 23’ 0” (7.01 m) and a maximum depth of approx.. 45’ 6” (13.87 m).
The basement provides storage accommodation together with single toilet facilities.
From measurements taken on site we have calculated the floor area on a net internal basis in accordance with the RICS Code of Measuring Practice (6th Edition) to be approximately as follows:-
Ground Floor - 859 sq ft (78.90 sq m)
Basement - 549 sq ft (51.00 sq m)
TOTAL - 1,408 sq ft (130.80 sq m)
SERVICES - Mains electricity, water and gas are connected to the premises and sewerage to the main system.
FITTING OUT - The subjects are being offered in mainly shell condition with the tenant required to fit out to a standard to be agreed to include the provision of a new shop front. A landlord’s contribution to the capital cost of the works will be available.
Terms
RATING ASSESSMENT - The subjects are entered in the current Valuation Roll at nil value pending completion of the refurbishment works. Upon completion it is expected that the assessment will be in the order of Rateable Value £XXX
RENTAL/LEASE TERMS - We are seeking rental offers in excess of £XXX per annum for the benefit of a new lease on a tenant full repairing and insuring basis incorporating regular upward only rent reviews.
VAT - VAT will not be payable in addition to the rent.
LEGAL COSTS - Each party will be responsible for payment of their own legal costs to be incurred in any transaction with the in-going tenant responsible for payment of LBTT and registration dues thereon.
EPC - The property has been assessed for energy performance and currently has an ‘E’ rating.
Specification
- Net internal area: 1,408 sq ft (130.80 sq m)
- Internal width: 22’ 6” approx.
- Depth: 45’ 6” approx.
- Vibrant retail/commercial location
- On street parking and loading
- Rental offers in excess of £XXX per annum