100% Prime Retail Unit
Available subject to Vacant Possession
Glasgow is Scotland’s largest city with a population of 660,000 and an estimated shopping catchment of 2 million within a 20 minute drive time. The city benefits from an excellent public transport network, with the subjects in close proximity to Buchanan Street Subway and Queen Street mainline station. The latter benefits from annual footfall of 19 million and is currently undergoing a significant upgrade. Buchanan Street, which benefits from a footfall of 6,600 people per hour, is ranked 2nd in UK retail hierarchy, behind only London’s Oxford Street in terms of CACI rating.
The property occupies a 100% prime position on Buchanan Street with surrounding occupiers including Kiehls, Jo Malone, Lush, Massimo Dutti and Nespresso.
The premises are arranged over ground, basement, first, second, third and attic floors comprising the following approximate net areas:
Ground Floor: 1,230 sq ft / 114.27 sqm
Basement: 646 sq ft / 60.08 sqm
First Floor: 1,029 sq ft / 95.66 sqm
Second Floor: 2,871 sq ft / 266.86 sqm
Third Floor: 1,023 sq ft / 95.09 sqm
Attic: 930 sq ft / 86.38 sqm
The premises are available by way of a new FRI lease subject to vacant possession.
Rent available on request.
Rateable Value: £312,500
UBR (2021/22): £0.516
Rates Payable: £161,250 pa
The premises benefit from having Class 1 consent.
An EPC Report is available on request.
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
ORINSEN, their clients and any joint agents give notice that:
They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It is assumed that the property has all necessary planning, building regulations or other consents and ORINSEN have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise.Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.