Well managed 5-storey office building.
Miller Street transformed over recent years from opening of new bars, restaurants and IBIS Style Hotel.
3rd floor rear suite available, measuring 174.30 sq.m (1,876 sq.ft.) NIA
New FRI lease available.
Close to popular transport links: Queen Street, Central Station, Subway network and bus routes.
Recently refurbished to quirky, modern specification, ideal for creative industries.
Rental offers in excess of £15,XXXa. invited – only £XXXsf!
Location
The subjects are situated to the east of Miller Street within the
Merchant City area of Glasgow City Centre, a short distance to the
north of Argyle Street. Miller Street forms a link between Ingram
Street to the north and Argyle Street to the south and is characterised
by a mix of retail, commercial and residential uses.
The property benefits from its excellent access to public transport
network with Central Station and Queen Street Station both located
close by, whilst the subjects are also within a short walking distance
of Buchanan Street bus statin and the subway network.
There are a wide variety of occupiers within close proximity including,
Glasgow City Council Headquarters, The Corinthian, Strata
Restaurant etc., whilst the St Enoch Shopping Centre is located a
short distance to the south.
Accommodation
The 3rd floor rear suite of 84 Miller Street provides newly refurbished,
quirky office space within an attractive B-listed 5-storey over
basement, mid-terraced sandstone tenement building. Access to
the building is provided at raised ground floor level via an entrance
foyer which is controlled by a secure door entry system. Beyond this
entrance, access to upper floors is provided via a passenger lift or
alternatively, via a main internal stairwell.
The suite itself presents as a bright, fully open plan space which has
been refurbished to create a quirky, industrial type environment often
popular with creative industries. The space is also easily adaptable to
allow for partitioning to create private offices and meeting rooms etc.
ACCOMMODATION
According to out measurements at the time of our internal inspection,
we calculate the net internal floor area of the rear third floor to extend
to 174.30 sq.m (1,876 sq.ft).
RATING ASSESSMENT
Reference to the Scottish Assessors website (www.saa.gov.uk), the
available suite is entered in the current Valuation Roll as £13,900. As
of April 2017, this will increase to £15,600.
LEASE / LICENCE TERMS
Whilst the preference is to conclude agreements on the basis of a
new full repairing and insuring lease, shorter periods of not less than
12 months will also be considered on the basis of concluding licence
agreements.
RENTAL
Rental offers in excess of £15,000 per annum invited.
VAT
The building is not elected for VAT and accordingly, VAT will not be
charged on the rental.
SERVICE CHARGE
Tenants will be responsible of a service charge of approximately £3
psf to cover common expenditure including heat & light, repairs and
maintenance, lift servicing building insuring etc. The subjects are
managed by DM Hall LLP and more detailed information on service
charge accounts can be provided on request.
DATE OF ENTRY
To be agreed between parties. Immediate entry is available.
LEGAL COSTS
The tenant will be responsible for their own legal costs insured in the
transaction.
ENERGY PERFORMANCE
The energy performance rating of the subjects is D. A copy of the
Energy Performance Certificate (EPC) for the subjects can be made
available upon request.