The building has been developed to provide residential/serviced apartments on the upper floors with retail/leisure at ground and basement levels. Surrounding occupiers include Porcelanosa, Tiger Tiger Nightclub, Peckhams and Jigsaw.
Location
Glasgow is Scotland’s largest city with a resident population of in excess of 600,000 people and an estimated catchment of around 2.5m. It is widely recognised as the UK’s largest retail centre after London. The subjects are located on Glassford Street, close to the junction with Ingram St, sandwiched between the city centre’s prime retail area to the west and the historic Merchant City area to the east. Glassford Street forms part of a principal bus route through the city centre and benefits from multi-storey car parking nearby at the NCP within the Glasshouse development.
The immediate surrounding area has witnessed continued investment and development in recent years, creating an up market retailing/ leisure location attracting top quality fashion retailers and leisure operators such as Agent Provocateur, Mulberry and Gant along with various local bar/restaurant operators. Supporting the retail/leisure provision in the area is a high volume of residential development, which upon completion is expected to boost the Merchant City’s current population of c2,000 by 40%.
Accommodation
The premises will provide large open plan retail / leisure space accessed at street level and arranged over ground and basement levels. The approximate areas and dimensions are as follows:
Gross Frontage 16.3 m (53ft 6 ins)
Net Frontage 12.50 m (39ft 10 ins)
Built Depth 24.5 m (80ft 4 ins)
Ground Internal Area 367.89 sq m 3,960 sq ft
Basement Net Internal Area 458 sq m 4,930 sq ft
The accommodation is available as a whole or alternatively the ground and basement levels can be offered separately.
Terms
The accommodation is offered on the basis of a new Full Repairing and Insuring lease incorporating 5 yearly upward only rent reviews. A rental of £125,000 per annum is sought for the entire accommodation. Quoting rents on a split basis are available on application. Offers to purchase the premises for owner occupation may be considered. Price on application.
Specification
The premises are available on a standard shell specification. Further information is available on request.