94 George Street is a prominent retail unit with existing Class 2 consent on a popular parade within the heart of the University of Strathclyde campus area. Other operators on the parade include Greggs, William Hill, Tim Horton's, Pizza Hut, Yippon Restaurant, Oaka and others.
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 2,000,000. The city is widely recognised as the UK’s second retail centre after London. The subjects are located within the heart of the University of Strathclyde campus which benefits from in excess of 25,000 students. Nearby retailers include Sainsburys, OAKA Chinese Supermarket, Yippon Restaurant, Pizza Hut, Greggs and Tim Hortons.
Accommodation
GROUND FLOOR 76 sq m(825 sq ft )
Terms
LEASE TERMS The subjects are offered on the basis of a new Full Repairing and Insuring lease incorporating 5 yearly upward only rent reviews, for a term to be agreed
RENT £23,000 per annum exclusive.
PLANNING The subjects benefit from a Class 2 (Financial) consent, however alternative uses such as Class 3 (hot food) will be considered, subject to planning.
RATEABLE VALUE The subjects are currently entered in the Assessor’s Valuation Roll as having an RV of £18,800. The current UBR (2019/2020) for properties with an RV below £51,000 is £0.49. Therefore, rates payable will be in the order of £9,212.
ENERGY PERFORMANCE CERTIFICATE (EPC) The EPC rating is F.
LEGAL COSTS In the normal manner, the ingoing tenant may be responsible for the landlord’s reasonable legal expenses, including any LBTT 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.
Specification
- SUITABLE FOR ALTERNATIVE USES, SUBJECT TO PLANNING
- CLOSE TO UNIVERSITY CAMPUS WITH OVER 25,000 STUDENTS
- GREGGS, PIZZA HUT, TIM HORTONS, OAKA & YIPPON ARE LOCATED ON THE PARADE