Unit 15, Buchanan Galleries Shopping Centre

Buchanan Street

Glasgow, G1 2FF

Use Class E(a)

1,850 sq ft

£216,500

Use Class

E(a)

Size

1,850 sq ft

Rent pa

£216,500

Marketed by Stephen Kane & Co,

Last updated 17/04/2019

The property is available by way of an assignment of the existing lease.

Glasgow is the largest city in Scotland with a population of 580,000 and a shopping catchment in excess of 2 million. Buchanan Galleries is Glasgow’s prime shopping centre, occupying a central position at the top of Buchanan Street, at the junction with Sauchiehall Street. The premises benefit from a return frontage, situated by John Lewis with nearby retailers including River Island, Hollister, Pandora, Boux Avenue, Boots and Next.

Use Class

A1

Viewing

Strictly by appointment.
Staff are unaware.

Financial

Lease Type

Existing Lease

Lease Term

The premises are held on an effectively full repairing and insuring lease for a term of 25 years from February 1999 expiring 15 February 2024, subject to 5 yearly rent reviews.

Rent

The premises are held on an effectively full repairing and insuring lease for a term of 25 years from February 1999 expiring 15 February 2024, subject to 5 yearly rent reviews.

Rent Review

2019/02 - 5 years

Rates

Transitional relief has not yet been applied to the above so therefore interested parties are advised to verify these figures by contacting the local authority, Glasgow City Council, 0141 287 2000.

Rateable Year:	2018
Rateable Value:	£149,000.00
Rates Payable:	£75,394.00
UBR:	50.6p/£

Costs

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

Service Charge

£16,624

Last Updated

17/04/2019

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.