The subjects form part of the ground and basement levels of a four storey and basement tenement building providing a large double fronted retail unit with superb full height glazed display frontage which has been fitted with electrically operated security roller shutters.
The shops connect internally to a large separate rear workshop area which is formed within a single storey rear extension. The workshop areas are situated over ground and basement levels and have a roller shutter delivery access door onto Dorset Street which allows full goods delivery access to the unit.
The basement area provides full height, useable storage/office accommodation.
Location
The subjects occupy a very prominent location on the west side of North Street (A804), between its junctions with St Vincent Street and Kent Road in the Charing Cross area of Glasgow. North Street benefits from a very high level of passing traffic and the property overlooks, and has a high level of prominence from the main M8 Motorway. Adjacent occupiers comprise an attractive mix of national multiple retailers and sole traders including Vets Now, Tesco, Punjabi Charing Cross and the long established Bon Accord Public House.
The property is also situated close to Charing Cross and Sauchiehall Street, which comprises one of Glasgow’s prime retail, licensed and leisure centres. Public transport communications are excellent with numerous bus routes passing within close proximity to the subjects. Charing Cross and Anderston mailine railway stations are situated nearby. In addition, the surrounding area has recently witnessed a spate of high quality, Grade A office developments including St Vincent Plaza and the Scottish Power HQ building which provide 172,000 sq ft and 220,000 sq ft respectively. A number of high quality hotels including the Hilton and the Marriott are also situated nearby. Plans to form an M8 roof park have also been approved and this will have an extremely beneficial effect not just on the shop but the immediate Charing Cross area. The location plan (overleaf) illustrates the approximate location of the subjects for information purposes.
Accommodation
From measurements taken on site and in accordance with the RICS Code of Measuring Practice (6th Edition) we calculate that the subjects extend as follows
Ground floor (Retail & Workshop): 406.63 sq m (4,377 sq ft)
Basement floor (Storage & Offices): 263.65 sq m (2,838 sq ft)
Total Net Internal Area: 670.28 sq m (7,215 sq ft)
Terms
RENT/LEASE TERMS We are seeking offers in excess of £55,000 per annum exclusive of VAT for the benefit of a new lease on standard FRI terms, of flexible duration incorporating regular upwards only rent reviews.
RATING The subjects are entered in the valuation roll as follows: Current Rateable Value - £49,250
EPC An EPC will be provided to enquirers upon request.
VAT Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.
LEGAL COSTS Please note that the incoming tenant will be responsible for our client’s reasonably incurred legal costs relative to the transaction.
PLANNING We understand that the subjects have an existing planning consent for their most recent use (retail, industrial and office). We understand that the Planning Authority may view a change of use to alternatives eg: restaurant/hot food, favourably. It will be incumbent upon any prospective tenants to make their own enquiries in this regard.
Specification
- Ground floor: 406.63 sq m (4,377 sq ft)
- Basement floor: 263.65 sq m (2,838 sq ft)
- Flue fitted to rear of building
- Extremely prominent location – adjacent to M8 Motorway
- Area of significant, ongoing re-development
- May suit alternative uses, eg – restaurant/hot food
- £55,000 per annum