The premises comprise a prominent multi-windowed retail unit arranged over the ground and mezzanine floors of a traditional tenement building under a pitched and slated roof. The upper floors are in separate residential use.
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 subject premises are located on the northern end of Hope Street, in close proximity to Sauchiehall Street and the Sauchiehall and Savoy Shopping Centres.
This location is a well established leisure pitch with the Theatre Royal, Royal Conservatoire of Scotland, Cineworld Renfrew Street and the Glasgow Royal Concert Hall all located within walking distance.
In addition, the newly opened Citizen M and rebranded Double Tree Hilton Hotels have provide additional focal points for the area.
Accommodation
The main dimensions and net internal areas are as follows:
Gross Frontage - 26 ft 7 ins (8.10 m)
Net Frontage - 24 ft 2 ins (7.36 m)
Ground Floor - 1,289 sqft (119.74 sqm)
Mezzanine - 297 sqft (27.59 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 £15,000
Commercial Rate Poundage £0.49 (exclusive of water and sewerage rates)
Rates Payable £7,350 per annum
Please note the rates payable may be subject to relief from the small business rates scheme or government measures announced to assist businesses. Further details upon request.
PLANNING - The premises currently benefit from Class 3 (Restaurant) consent for use as a café. The premises would also be suitable for Class 1 (Retail) and Class 2 (Office). Further details available upon request. We understand that there is currently an alcohol licence in place over this property, with further details upon request.
RENT - Offers in excess of £20,000 per annum exclusive are invited.
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 - EPC rating details available upon request.