Prime Retail Unit To Let
Subject to Vacant Possession
Close proximity to Buchanan Street
The city of Glasgow has a population of around 650,000 people and is estimated to serve a wider catchment of approximately 2.5 million people. Nearby Buchanan Street, represents Scotland’s prime shopping location and is the second busiest retail thoroughfare in the UK behind London’s Oxford Street. Argyle Street is one of Glasgow’s major shopping thoroughfares and adjoins Buchanan Street. The subjects occupy a prominent and 100% prime position on Argyle Street, close to its junction with Buchanan Street, the entrance to The St Enoch Centre and Argyle Arcade. Nearby occupiers include House of Fraser, Schuh, Footasylum and H&M.
The premises are arranged over ground floor only and comprise the following approximate net internal area:
Gross Frontage: 23 ft 1 in / 7.03 m
Net Frontage: 18 ft 1 in / 5.50 m
Ground Floor: 728 sq ft / 67.6 sqm
The premises are available by way of a new FRI lease, subject to vacant possession.
Offers over £80,000 pa exclusive of VAT are invited.
Proposed Rateable Value: £46,500
UBR (2023/24): £0.498
Proposed Rates Payable: £23,157 pa
The above figures from the Scottish Assessors Association website are based on the next revaluation in Scotland due to take effect from 1 April 2023. Each interested party should satisfy themselves on business rates with the appropriate authority.
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.
In order to comply with anti-money laundering legislation, the successful purchaser/tenant will be required to provide certain identification documents. The required documents will be requested at the relevant time.
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.