The subjects comprise a ground floor retail unit forming part of a larger five-storey tenement building of red sandstone construction. The property, previously utilised as an office, benefits from a suspended ceiling, large display windows, return frontage, kitchen and WC facilities. Notable nearby occupiers include Tesco Express, Subway, Domino's and William Hill.
( Agency Pilot Software ref: 52453 )
Location
The subjects are located within the heart of the Merchant City, on the eastern periphery of Glasgow city centre. The immediately surrounding area is predominantly residential in nature comprising traditional tenements and new developments of student flats and affordable housing. The main campus of the University of Strathclyde is close-by. More specifically, the subjects are situated on the west side of High Street, between its junctions with Bell Street and Trongate. The property is surrounded by active ground floor uses comprising a mixture of retail and leisure businesses.
Accommodation
Extends to approximately 153.92 sq. m. (1,657 sq. ft.)
Terms
RATING ASSESSMENT The subjects are entered in the Valuation Roll with a Rateable Value of £21,500. The poundage rates for 2023/2024 is £0.498 in the pound.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT).
ENERGY PERFORMANCE CERTIFICATE An EPC has been prepared for this property and can be provided upon request.
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 liable for LBTT, Extract Copies and VAT thereon.
Specification
• Shop depth – 15.68m
• Internal width – 10.22m
• New FRI lease available
• Rental offers in excess of £28,000 per annum