Prominent city centre retail opportunity.
The premises are arranged over ground and basement levels.
Location
Glasgow is Scotland’s largest city with a population of around 600,000 and an estimated shopping catchment in the region of 2 million within a 20 minute drive time. The city is widely regarded as being second only to London in the UK retail hierarchy.
Sauchiehall Street is one of the prime retailing thoroughfares in Glasgow’s city centre, and the subject property occupies an excellent pitch within the central pedestrianised section on the south side of the street.
Accommodation
Approximate Net Internal Areas:
Ground Floor (Sales) - 1,164 sq ft (108.13 sq m)
Basement - 521 sq ft (48.40 sq m)
Terms
RENT - Offers of £45,000 per annum.
LEASE TERMS - The subjects are available by way of a new FRI lease.
RATES:
Rateable Value: £33,750
UBR (2023/24): £0.498
Rates payable: £16,807
PLANNING - The property benefits from Class 1A consent and may be suitable for alternative use subject to obtaining the appropriate planning consent. The landlord will consent to and support applications for change of use.
LEGAL COSTS - Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
EPC - A copy of the EPC and report can be provided on request.
AML - In order to comply with Anti-Money Laundering legislation/requirements, the successful tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.