Prime Corner Retail Unit
Ranked 2nd in UK retail hierarchy
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 prominent corner position at the northern end of the street with surrounding occupiers including H&M, Peleton, Victoria’s Secret, Vans and Schuh.
The premises are arranged over the ground and basement levels, comprising the following approximate net internal areas:
Ground: 1,289 sq ft / 120 sqm
Basement: 2,700 sq ft / 251 sqm
The premises currently benefit from Class 1 (Retail) Consent.
A copy of the EPC and Recommendation Report can be provided on request.
The premises are available on a new full repairing and insuring lease.
Rateable Value: £182,000
UBR (2020/21): £0.516
Rates Payable: £93,912 pa
Each party will be responsible for their own legal costs incurred in connection with this transaction. For the avoidance of doubt, the ingoing tenant will be responsible for Land and Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Published: February 2021
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.