The subjects comprise the ground and basement level retail premises forming part of a larger traditional four storey sandstone building. The upper floors comprise several office suites with a range of businesses in occupation. The subjects benefit from a large impressive glazed frontage on Hope Street. Internally, the subjects provide display areas, fitting rooms and office on the ground floor as well as a unique large fitting/storage space in the basement level, where there are also staff facilities and WCs.
The premises have the added bonus of loading from Bath Lane to the side elevation which increases suitability for alternative uses including restaurant and bar. The subjects have been occupied as a bridal shop for in excess of 20 years.
( Agency Pilot Software ref: 52252 )
Location
The subjects occupy a highly visible pitch in the heart of Glasgow City Centre, on the east side of Hope Street, at it's corner with Bath Lane. The immediate surrounding area is home to a number of large scale office developments offering a large immediate catchment, and also to a number of retail, hotels and restaurants including Apex Hotel, The Pot Still, The Amber Regent and many others. Glasgow Central & Queen Street Stations, as well as Buchanan Street underground, are all within short walking distance. Various bus routes run on Hope Street which is one of the main pedestrian routes linking Sauchiehall Street to Argyle Street within the City Centre.
Accommodation
Ground:- 60.83 sq. m. (654 sq. ft.)
Basement:- 189.93 sq. m. (2,045 sq. ft.) 82.33 sq. m. (886 sq. ft.)
ITZA Total:- 250.76 sq. m. (2,699 sq. ft )
Terms
LEASE TERMS The subjects are let to SLB Glasgow Limited on a new 5 year FRI lease from 6th January 2025 at a passing rent of £25,000 per annum. There is a Tenant only break option at the third anniversary of the Date of Entry. The current occupier has a strong track record in bridal wear stores. More information is available from the sole selling agents.
TERMS We are instructed to sell the Heritable (Freehold) interest occupational lease. subject to the
PRICE Offers are invited. Please contact the sole selling agents for more information or to make a proposal.
RATING ASSESSMENT The subjects are entered in the Valuation Roll with a Rateable Value of £19,800. The rate poundage for 2024/2025 is £0.498 in the pound.
VAT The subjects are not elected for VAT.
ENERGY PERFORMANCE CERTIFICATE EPC available upon request.
LEGAL COSTS Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt the purchaser will be liable for LBTT Extract Copies and VAT thereon
Specification
• Prominent City Centre Location
• Net internal area of 250.76 sq.m. (2,699 sq. ft.)
• Bespoke glazed frontage
• New 5 year lease
• Passing rent of £25,000 per annum
• Tenant undertaking re-fit works
• Occupied as bridal store for 20+ years
• VAT free opportunity