Retail unit within a prominent location on a busy Glasgow city centre arterial route. The subjects are situated below a 171-bed Travelodge and can be split to provide two units of equal sizes.
The subjects enjoy an an excellent location opposite the Gallery of Modern Art and are within a few minutes' walking distance of Buchanan Street, George Square and Queen Street Station.
Location
Glasgow is Scotland’s largest city and benefits from a residential population in the order of 630,000 with a further catchment in excess of 2 million. The city is widely recognised as the UK’s second retail centre after London. The subjects are located on Queen Street, a busy arterial route within the heart of the city centre, situated below a 171-room Travelodge Hotel. The subjects are within a few minutes walk from George Square, Buchanan Street and the newly refurbished Queen Street Station (5th busiest station in the UK with approximately 23 million passengers). The Gallery of Modern Art is located diagonally opposite the subjects and other nearby occupiers include Tesco Express, Caffe Nero, Clydesdale Bank and Reiss.
Accommodation
GROUND FLOOR 192 sq m ( 2,061 sq ft )
Terms
LEASE TERMS The subjects are available on a new Full Repairing and Insuring basis incorporating 5 yearly rent reviews, for a term to be agreed.
RATEABLE VALUE The subjects are currently entered in the Assessor’s Valuation Roll as having an RV of £49,500. Rates payable will be in the order of £24,651.
PLANNING The subjects benefit from a Class 1 (retail) consent, however other uses will be considered, subject to planning.
ANTI MONEY LAUNDERING REGULATIONS To comply with Anti Money Laundering Regulations we are legally required to undertake due diligence on prospective tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of heads of terms.
LEGAL COSTS In the normal manner, each party will be responsible for their own costs incurred with the tenant being responsible for Land and Buildings Transactional Tax and registration dues.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.