62 Hope Street Glasgow, G2 6DA

£ 125,000 pa / 1,795 sq ft
62 Hope Street, Glasgow - Picture 2024-04-11-12-03-15
Use Class

Use Class

E

Size

Size

1,795 sq ft

Rent pa

Rent pa

£125,000

Prime Catering Unit(s) - TO LET Suitable for Class 3 Restaurant, Café, Bar and other uses

  • Part includes existing full “Commercial Kitchen”

  • City Centre Location

  • Adjacent to Central Railway Station

  • Prominent Frontage to Hope Street

The subjects are situated in a busy city centre location, forming part of the IHG Grand Central Hotel, and immediately adjacent to Glasgow Central Railway Station. The subjects occupy a prominent and extensive frontage on the east side of Hope Street. The north part of the ‘Deli’ subjects has a corner position at the main Hope Street pedestrian entrance to Central Station. The subjects benefit from high levels of pedestrian footfall resulting from proximity to Glasgow Central Station, and the busy city centre location.

Key Information

Further Infomation

Terms and conditions

Interested parties are advised to make their own enquiries to the Local Planning Department in respect of their proposed use for the subjects.

Accommodation

1,795 Sq.Ft

The subjects comprise the former Deli (Area 1) and Tempus (Area 2) premises which are part of the Voco Grand Central IHG Hotel. Area 1 - Deli - The subjects comprise a main café/trading area with a separate kitchen/prep area, additional customer seating at a raised area and shared customer toilets. Area 2 - Tempus - These subjects comprise a large restaurant/café bar area with a fully fitted ‘commercial’ kitchen, and basement toilet facilities.

Areas
Sq.Ft
Sq.M
Ground Floor Main
1,325
123.08
Kitchen Prep
120
11.18
Circle Seating Area
350
32.5
Area 2 - Floor Restaurant (inc. raised area)
1,963
182.37
Ground Floor Kitchen / Prep
2,047
190.24
Ground Floor Stores
696
64.7
Basement WCs
735
68.27

Financial

Lease Term

The subjects are available of a new long lease basis to include rent reviews at 5 yearly intervals. Area 1 “Deli” | Rental offers in the region of £45,000 p.a. are invited. Area 2 “Tempus” | Rental offers in the region of £85,000 p.a. are invited. However, the premises can be leased as a whole i.e. Area 1 and Area 2 combined. Total area 7,236 sq ft (672.24 sq m). Rental offers in the region of £125,000 p.a. are invited for the whole combined Areas 1 and 2. Alternatively, the premises can be leased as a whole totalling 7,236 sq ft (672.24 sq m).

Rent

Subject to contract, rental offers are invited in the region of £125000 per annum exclusive of rates, service charge, VAT (if applicable) and all other outgoings.

Costs

Each party is to be responsible for their own legal and all other professional costs incurred in the transaction.

Business Rates

The subjects are not separately assessed for rating purposes, but it is estimated the rates payable will be approx. 50% of the rent.

Sustainability

More details upon request.

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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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This was last updated on 11/04/2024