Buchanan Street
Glasgow, G1 2LL
Use Class E
1,824 sq ft
£160,000
Use Class
E
Size
1,824 sq ft
Rent pa
£160,000
Marketed by Whitelaw Baikie Figes,
PRIME SHOP – LEASE FOR SALE (DUE TO RELOCATION)
The property is arranged over the ground floor with access to basement storage. Date of entry by negotiation. Offers are invited for our client's valuable leasehold interest either on the basis of a sub lease or an assignment. Date of entry by negotiation.
Glasgow is the largest city in Scotland with an immediate urban population of approximately 630,000 and a significantly broader catchment. The shop occupies an excellent trading location adjoining Buchanan Galleries and the Buchanan Prospect (Skechers, Office Shoes, etc.). The world famous Hard Rock Café is almost directly opposite the property.
Leasehold
Viewing can be arranged through the sole agents, Gavin Anderson at Whitelaw Baikie Figes on 0141 221 6161.
Accommodation details below:
ft | m | |
Gross Frontage | 19.5 | 5.91 |
Net Frontage | 16.5 | 5 |
sq ft | sq m | |
Ground Floor Sales | 999 | 92.8 |
Basement Storage | 825 | 76.64 |
Existing Lease
The property is held on the residue of a lease due to expire the 24th March 2023.
All terms are quoted net of VAT where applicable. To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
The current rent is £160,000 per annum exclusive (subject to outstanding review). Provisional agreement of the review secured, further details can be provided upon request.
Rateable Year: | 2020 |
Rateable Value: | £127,000.00 |
Rates Payable: | -- |
UBR: | -- |
Each party to be responsible for their own legal costs incurred in this transaction, with the ingoing tenant being responsible for LBTT, registration dues and VAT incurred thereon.
A copy of the Certificate is available upon request.
25/03/2020
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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