The premises comprise a well configured retail unit with a relatively wide frontage, ideal for jewellery display, and arranged over ground, first and basement floors.
Location
Glasgow is Scotland’s largest city and has an immediate population of approximately 600,000 people and retail catchment in the order of 2 million people.
The premises are situated in a prominent location within Argyll Arcade, which forms Glasgow’s premier speciality jewellery pitch with its main entrance on Buchanan Street.
The shop occupies a prominent location on the north side of the arcade. Other occupiers located in close proximity include Gucci, Rox, Barclays Diamonds, Chisholm Hunter, Fraser Hart, Laing’s, James Porter, Austen & Blake and Mappin & Webb.
Accommodation
The main net internal areas are as follows:
Ground Floor - 818 sqft (75.99 sqm)
First Floor - 1,145 sqft (106.37 sqm)
Basement - 688 sqft (63.91 sqm)
Terms
RATING - We are verbally advised by the local Assessors department that the subjects are entered in the Valuation Roll as follows:
Rateable Value £93,000
Commercial Rate Poundage £0.545
(exclusive of water and sewerage rates)
Rates Payable £50,685 per annum
RENT - Rental offers in excess of £100,000 per annum exclusive of other occupational costs are invited.
Information on the service charge payable is available on request.
LEASE TERMS - The premises are available on the basis of a new full repairing and insuring lease for a minimum term of 10 years subject to 5 yearly upward only rent reviews.
LEGAL COSTS & VAT - Each party is to be responsible for their own legal costs incurred in connection with this transaction with the ingoing tenant to be responsible for Land and Buildings Transaction Tax (LBTT), registration fees and any VAT incurred thereon.
ENTRY - By agreement and subject to vacant possession.
ENERGY PERFORMANCE CERTIFICATE - Further details available upon request.