The property benefits from its corner elevation with four large recording studios (or good sized offices), a large open plan common area, two large store rooms, a large private office with kitchen facilities and designated male and female toilets. The removal of some stud partitions to external elevations would leave the suite bright and well lit. The unit has been fitted out with all modern office services and benefits from ample power points and a gas-fired central heating system.
Location
The property is located on Possil Road, which is a busy arterial route to the North-West of Glasgow City Centre. The subjects comprise a large former office suite which most recently has been fitted out for use as a large recording studio. The property is contained within a traditional four storey sandstone building under a pitched tiled roof. Nearby occupiers include Tote Bookmakers, a newsagent, a fish and chip shop, a Chinese takeaway and the Tower Bar.
Accommodation
The net internal floor area, measured in terms of the R.I.C.S. Code of Measuring Practice, is:
3,655 sq.ft. (339.514 sq.m.)
Terms
RENT
Our client is seeking rental offers in excess of £11,500 per annum and is willing to provide a rent incentive, whereby the rent for the first year of the lease will be £6,000.
LEASE TERMS
The property is available on a tenant full repairing and insuring lease of negotiable length. If a long lease is required, there will be rent reviews every three years. The rent will be payable quarterly in advance along with VAT, if applicable.
ENTRY
Immediate entry may be available, by agreement.
LEGAL COSTS
Each party will be responsible for their own solicitors’ costs involved in preparing and recording this transaction, with any stamp duty land tax and registration dues being paid by the ingoing tenant.
RATES
The Rateable Value is £12,200. The Uniform Business Rate in Scotland in 2012/2013 is £0.45 in £1 of rateable value.
Any incoming tenant may be eligible for further rates relief under the Small Business Bonus Scheme. Details of this Scheme can be obtained from Glasgow City Council, Revenues Dept. on (0141) 287 7333.
Specification
1st floor former Recording Studio
Suitable for Office Use
Approximately 3,655 sq. ft.
ENERGY PERFORMANCE RATING
We understand that this property’s energy performance rating is E. A copy of the EPC is available on request.