The premises comprise part of the ground floor of a five storey building refurbished from warehouse use in the 1970’s to provide commercial uses on the ground floors with residential flats on the upper floors. Externally at ground level the property has an aluminium framed multiple display frontage incorporating a corner door, all under a lettered fascia with retractable canopies.
Internally the premises are well fitted out in the tenants house style with an open grill kitchen, dispense bar, central cold buffer island, and large seated area. Male and female toilets and ample staff areas are situated to the rear of the unit.
Location
The premises are located on the south side of Argyle Street at the corner with James Watt Street, in the heart of Glasgow’s International Financial Services District. The surrounding area is experiencing continuing development, with residential, office, retail and leisure occupiers vying for representation. Surrounding retail and commercial occupiers include Tesco Metro; William Hill; and various local traders; whilst leisure occupiers include the Piccolo Mondo Restaurants; Radisson SAS Hotel; Corus Hotel; and other coffee shops and bars. The adjacent block is shortly to undergo redevelopment, with proposals for further hotel, leisure, commercial and residential properties.
Accommodation
From measurements taken on site and plans of the premises we would consider that the dimensions and areas are as follows:
Frontage to Argyle Street - 13.5m - (44’ 03”)
“ to James Watt Street - 20.7m - (67’ 11”)
Gross internal area - 259.26m2 - (2,790 sq.ft.)
Terms
RATING
The premises have a Net Annual Value, as at April 2010, of £XXX
RENTAL & LEASE TERMS
The premises are leased to Augusto Volnei Borgert, Esq., the principal of the Tropeiro chain of Brazilian restaurants, on a 15 year full repairing and insuring lease from June 2010 at a current rental of £XXX per annum. The lease contains provisions for upward only rent reviews at the expiry of the fifth and tenth years, and a tenants break option at the tenth year.
PRICE
Offers the region of £XXX exclusive are invited for our clients heritable interest.
COSTS
Each party will be responsible for their own legal and professional costs.
ENTRY
On completion of sale.