Situated In Glasgow's West End
Prime Position
Prominent Frontage
Ground Floor & Basement
Let to Shelter
Expiry 2027
Passing Rent: £XXXp.a
Price: Offers Over £XXX Representing A Gross Initial Yield of 7.35%
Location
The subjects are situated on the west side of Byres Road, South of its junction with Highburgh Rd & University Avenue.
Byres Road is situated in Glasgow's west end, famous for Glasgow University, boutique hotels, leisure activities along with high demand for residential dwellings. The area is seeing an extensive redevelopment and expansion of Glasgow University with new halls or residence along with campus expansion. Neighbouring occupiers include Tinderbox, E-Sushi, Tennants Bar, Glasgow University & Slater Hogg Estate Agents.
Subjects
The subjects comprise a mid-terrace, ground floor and basement retail unit set within a traditional sandstone tenemental block surmounted by a pitched roof.
The subjects benefits from an extensive frontage with aluminium framed glazed display windows flanking the aluminium framed glazed door entrance.
Internally the subjects have been fit out in accordance with Shelter corporate specification, floors have been overlaid in timber effect linoleum with lighting provided by way of fluorescent strips recessed within the acoustic tile ceiling. Partitions have been erected to form changing area, office & w.c facilities.
The basement is accessible via an internal timber stairwell, leading to an open plan retail area.
Area
The subjects have been measured on a Net Internal Area basis to extend to the following;
Ground: 70.6sqm (760sq ft)
Basement: 63.2sqm (680sq ft)
Total: 133.77sqm (1,440sq ft)
Executive Summary
Tenant: Shelter, National Campaign For Homeless People Limited
Rent: £XXXper annum
Tenant Break: 2019 Break Option Removed, next break August 2022
Summary: We understand this is an excellent trading unit for Shelter with substantial profits gained year on year.
Proposal
Our client is offering their freehold interest in the subjects for offers in excess of £XXX representing a Gross Initial Yield of 7.35%
V.A.T
Prices quoted are exclusive of V.A.T
E.P.C
Available on request
Title & Lease
Available on request
Legal
Each party shall bear their own legal costs incurred in the transaction
Viewing
The property can be viewed any time during normal trading hours, however no approach is to be made to the tenant.