Colliers
Visit websiteRoss Wilkie
Office: 01412261075Mobile: 07769877123Direct: 0141 223 8762
5 Gordon Street
Gordon StreetGlasgow, G1 3PR
Use Class E
268 sq ft
£50,000
Use Class
E
Size
268 sq ft
Rent pa
£50,000
Marketed by Colliers
PRIME RETAIL UNIT - LEASE FOR SALE
Key Points
- High footfall location
- Very close proximity to Buchanan Street
- Strong adjacencies
The premises provide a ground floor lock up.
Glasgow is Scotland’s largest city with a catchment population in excess of 2m persons and a resident population of approximately 660,000 persons. The city provides the strongest retail destination in Scotland and is widely recognised as the UK’s premier retail destination outwith London. The subjects are located on Gordon Street in close proximity to Buchanan Street. Gordon Street acts as the main thoroughfare linking Glasgow’s busiest train station, Central, with Scotland’s prime retail pitch, Buchanan Street. Occupiers in the immediate vicinity include TGI Fridays, All Saints, Mountain Warehouse, Thomas Cook, Cath Kidston and Pret a Manger.
Tenure
Leasehold
Viewing
Strictly by appointment.
Accommodation
Accommodation details below:
Dimensions
| ft | m | |
| Gross Frontage | 11.3 | 3.44 |
| Net Frontage | 8.86 | 2.7 |
| Shop Depth | 29.5 | 9 |
Areas
| sq ft | sq m | |
| Ground Floor | 268 | 24.9 |
Financial
Lease Type
Existing Lease
Lease Term
The premises are held on a 15 year FRI lease from 27 April 2018 to 26 April 2033. The passing rent of £50,000 per annum exclusive is next due for review on 27 April 2023 and five yearly thereafter.
Rates
We are verbally informed by the Local Rating Authority that the premises have been assessed for rating purposes as shown above. Interested parties are advised to make their own enquiries to the Local Authority.
| Rateable Year: | 2019 |
| Rateable Value: | £33,250.00 |
| Rates Payable: | £16,293.00 |
| UBR: | 49p/£ |
Costs
Each party is responsible for their own legal and other professional costs incurred in the transaction.
Last Updated
09/07/2019
Misrepresentation Notice
All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.
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