Prime city centre retail unit to let.
Location
Glasgow is Scotland’s largest city and has an immediate population of approximately 600,000 people and a wider catchment in the order of 2 million people.
Royal Exchange Square is a luxury retail destination, which links Buchanan Street and Ingram Street, benefiting from high levels of footfall generated by the attractive retailing brands including Belstaff, Gant, Mulberry, Reiss, Hugo Boss and Vivienne Westwood.
The premises are located in a prominent corner position on the north side of Royal Exchange Square in close proximity to the junction with Buchanan Street.
Nearby occupiers include Lush, The Ivy Restaurant, Vivienne Westwood, Kiehl’s, Costa Coffee, Virgin Money, The Western Club incorporating Glaschu, Banca di Roma and The Gallery of Modern Art.
Accommodation
The main dimensions and net internal areas are as follows:
Gross Frontage - 58 ft 7 ins (17.91 m)
Return Frontage - 12 ft 8 ins (3.91 m)
Ground Floor - 1,880 sq ft (174.65 sq m)
Basement - 1,765 sq ft (163.97 sq m)
Terms
RATING - We are verbally advised by the local Assessors Department that the subjects are entered in the Valuation Roll from April 2023 as follows:
Rateable Value £103,000
Commercial Rates Poundage £0.559
(exclusive of water and sewerage rates)
Rates Payable £57,577
RENT - Upon application.
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.
PLANNING - The premises are suitable for Class 1A (Retail) consent for retail, office and coffee shop consents.
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.
EPC - EPC rating details available upon request.