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Colliers International

Colliers International

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5 Gordon Street

Gordon Street

Glasgow, G1 3PR

Use Class E

268 sq ft

£50,000

Use Class

E

Size

268 sq ft

Rent pa

£50,000

Marketed by Colliers International,

Last updated 09/07/2019
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. 

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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Colliers International

Colliers International