The property comprises ground and basement floors of a Grade A listed, 3 storey sandstone terraced property. The ground floor forms the main trading area. There is a disabled WC positioned to the rear. Within the basement, there are two stores together with a fitted kitchen and staff toilets. The subjects have a licence permitting external seating.
Location
Royal Exchange Square forms a fully pedestrianised square linking Buchanan Street and Ingram Street/Queen Street. The square is very popular with bars and restaurants and is also home to various niche/upmarket retailers.
The premises occupy a prime position on the north side of the square. Surrounding occupiers include Costa Coffee, Patisserie Valerie, Virgin Money, Thomas Pink, LK Bennett, Reiss and Zizzi’s Restaurant.
The subjects benefit from being located a stone’s throw from Buchanan Street, Glasgow’s flagship retail thoroughfare, together with the excellent caliber of retailers on Ingram Street including Hugo Boss, Ralph Lauren, Cruise, Jaeger, Mulberry and Replay amongst others. The newly completed Grade A office development at 110 Queen Street, which lies diagonally opposite, will result in increased footfall and further enhance the retailing position.
Accommodation
Ground Floor - 540 sq ft
Basement - 460 sq ft
TOTAL - 1,000 sq ft
Terms
Rent
Offers in excess of £50,000 per annum exclusive of VAT are invited.
Terms
The property is available on a full repairing and insuring lease, incorporating 5 yearly rent reviews.
Business Rates
RV £38,500
UBR £0.471
Rates Payable £18,135 approximately
Planning
Any matters concerning statutory consents should be directed to Glasgow City Council Planning Dept on 0141 287 6060.
Energy Performance Certificate
Rating – Band G.
VAT
All prices, rents, premiums, etc are quoted exclusive of VAT.