The subjects comprise a new build commercial unit occupying the ground floor of a residential development of steel framed construction with facing brick and zinc cladding. The upper floors are in flatted residential apartment use.
An extensive opening at the corner junction has been carved out and reserved for the installation of a glazed display window/frontage to include an access door. Any new occupier will require to install this on completion of a lease agreement.
An opening to the rear/west elevation provides access to a paved yard/ refuse area, which itself is secured by access gates to Gairbraid Avenue and boundary walls to adjacent properties.
Internally, the subjects are presented to shell specification with the front portion having a concrete ceiling to 5.2m whilst the rear portion is covered by an insulated sloping metal roof rising from 3.39m to 5.19m. Walls are finished in exposed blockwork whilst the floor is screed on concrete. Prospective tenants will require to budget for a full programme of works to complete the internal fit-out and decorate accordingly.
The unit is serviced by mains gas, electricity, water and waste drainage.
Location
Forming part of the “Maryhill Locks” development and identified as a Transformational Regeneration Area (TRA), the subjects are located at the corner of Gairbraid Avenue and Guthrie Street, approximately 250 metres to the west of Maryhill Road within the Maryhill district of Glasgow.
The Masterplan is scheduled to span 4 phases of development. Phase 1, developed and owned by Maryhill Housing Association, comprised 35 new homes for social rent, whilst Phase 2 introduced a further 125 new homes for mix of social rent and shared equity. The remaining phases will be marketed to the private sector with a view to delivering houses for outright sale.
The development will contain various sized homes from 2-8 persons, in the variety of housing typologies; terraced houses, cottage flats and flats.
Accommodation
According to measurements taken during our inspection, we calculate the subjects to extend to a gross internal area (GIA) of 195sq.m (2,099 sq.ft) approx.
Terms
RATEABLE VALUE - On practical occupation, the subjects will require to be assessed for Rating purposes. We cannot provide budget figures, however, parties wishing some further clarity in this respect are advised to contact the Scottish Assessor’s Department direct on 0141 287 1111.
PROPOSAL - Our client is seeking to conclude negotiations on the basis of securing a new Full Repairing and Insuring lease for a period of preferably not less than 10 years.
RENT - Rental offers are invited, however, indicative guildlines can be provided through contacting DM Hall LLP.
INCENTIVES - In recognition of internal fit-out works which will be the financial responsibility of the tenant, our clients are prepared to offer a suitable incentive package including a rent free period in lieu of such works. Further details are available by contacting the DM HALL LLP.
PLANNING - The premises have planning permission for commercial use, falling under Class 1 (Retail) of the Town & Country Planning (Use Classes) (Scotland) Order 1997.
Alternative uses may be given consideration, however, parties will require to obtain the necessary planning consents for their desired use.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred in connection with the transaction, including any Stamp Duty Land Tax payable thereon.
Specification
- Only commercial element forming part of “Maryhill Locks” Regeneration Masterplan.
- 4 phase Transformational and Regeneration Area (TRA) comprising the creation of circa 400 new homes in mix of typologies.
- Diagonally opposite new Maryhill Health Centre.
- Suitable for class 1, 2 & 3 users subject to planning.
- Finished to shell specification, serviced by water, electricity and gas.
- Excellent opportunity to capitalise on much improved community neighbourhood.
- New FRI lease available, subject to incentives.
- Rental offers invited.