The subjects comprise the second and third floors of a 5 storey building of part traditional/part modern design behind a Category B listed faade. The suites comprise primarily open plan accommodation with some cellular office suites. Partitioning is lightweight and could be removed to create additional open plan accommodation.
Access to the building is gained by means of a communal entrance door leading from street level. A passenger lift and communal stairwell provide access to the upper floors.
Private kitchen accommodation and separate male and female toilet compartments are situated on each floor. The subjects benefit from plasterboard walls with an acoustic tile ceiling incorporating recessed fluorescent lighting units. Space heating is provided by means of a communal gas fired wet central heating system which can be controlled on a floor by floor basis.
Location
The subjects are situated on the east side of Union Street in the heart of Glasgow City Centre directly opposite Central Station. Union Street comprises a main arterial north/south route and benefits from superb public transport links including a number of bus stops immediately adjacent to the property. The property is also well located for access to Buchanan Street and St Enoch subway stations. Queen Street railway station is located a short walk from the subjects.
The subjects are situated to close proximity to Glasgow’s prime retailing locations including Buchanan Street, Princes Square, Buchanan Galleries and Argyle Street. The plan overleaf illustration the approximate location of the subjects for information purposes only.
Accommodation
From measurements taken on site and in accordance with the RICS code of measuring practice (6th edition), we calculate the subjects extend as follows:
Second Floor 221.62 sq m (2,385 sq ft)
Third Floor 223.08 sq m (2,411 sq ft)
Total 444.70 sq m (4,796 sq ft)
Terms
ASKING PRICE/RENT/ SERVICE CHARGE
Our client is seeking offers in excess of £185,000 per floor for the heritable interest in the subjects. Alternatively our client is seeking rental rate of £4.00 per sq ft for the benefit of a lease of flexible duration incorporating regular upwards only rent reviews. The tenant will also be responsible for the service charge which is currently estimated at £4.00 per sq ft. Full details of the service charge can be made available upon request.
RATING
The premises are entered in the current Valuation Roll with three separate entries as follows: Suite 1 £9,700, Suite 2 £9,200 and Flat 2 £19,700.
PLANNING
We understand that the property has planning consent for its existing use. The property may suit alternative uses subject to obtaining all necessary planning consents. It will be incumbent upon any purchaser to satisfy themselves in this respect.
VAT We understand that VAT will not be charged on the price or rental. However, all prices, premiums and rentals are quoted exclusive of VAT.
Specification
- Second floor 221.62 sq m (2,385 sq ft)
- Third floor 223.08 sq m (2,401 sq ft)
- Excellent public transport links
- Category ‘B’ Listed building
- Budget rent
- Rare purchase opportunity
- VAT exempt
- RENT £4.00 PER SQ FT
- PRICE £185,000 PER FLOOR