TO LET
46 - 50 Argyll Arcade
Glasgow
G2 8BG

Rare Opportunity - Glasgow City Centre
100% Prime Retail Unit To Let

Ground Floor: 1,323 sq ft
Rent: Offers over £195,000 pa
Location

Situated just off Buchanan Street in Glasgow’s City Centre, Argyll Arcade hosts more than 30 luxury jewellers, watchmakers and diamond merchants all under the same roof. The arcade is widely regarded as the No.1 premier destination for high-end jewellers in Scotland. The subjects occupy a prime corner position on the south side of the arcade, benefitting from significant footfall and surrounded by several other well known retailers including Rox, Mappin & Webb, Chisholm Hunter, James Porter & Son and Gucci.

Description & Accommodation

The premises are situated in the centre of Argyll Arcade, boasting a large glazed frontage wrapping around the entirety of the unit. Internally, the premises are currently fitted out to an exceptional standard to facilitate its current use as a jewellery shop. The ground floor layout provides a large sales area with several display cases and two dedicated fitting areas whilst the first floor is currently utilised for personal brand experiences. The staff area and W/C facilities are also located on the first floor, situated to the rear of premises. The property benefits from a basement which is used for additional storage space. The premises are arranged over ground, first and basement levels and comprise the following approximate net internal areas:
Ground Floor (Sales): 1,323 sq ft / 123 sqm
Ground Floor (Back of House): 215 sq ft / 20 sqm
First Floor (Sales): 893 sq ft / 83 sqm
First Floor (Back of House): 689 sq ft / 64 sqm
Basement Storage: 753 sq ft / 70 sqm
Indicative floor plans contained on the Particulars.

Lease

Our client currently owns part of the premises whilst they lease the remainder. The subjects are therefore available in whole on the basis of a new 10 year FRI lease (including part to be sub-let).

Rent

Rental offers for the whole (including sub-let section) of £195,000 pa are sought.

Rates / Service Charge

Rateable Value:  £141,000
UBR (2024/25):  £0.559
Rates Payable:  £78,819 pa
The service charge for the current financial year is c.£50,750 pa.

Planning / EPC

The premises benefit from having Class 1A consent.  An EPC Report is available on request.

Legal Costs

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.

Anti-Money Laundering Regulations

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.

TO LET

46 - 50 Argyll Arcade
Glasgow
G2 8BG
Viewing strictly by appointment with ORINSEN

Andy Bain
T. 0131 374 1111
M. 07770 524 977
E. abain@orinsen.com

Anna Hansen
T. 0131 374 1111
M. 07717 411 668
E. ahansen@orinsen.com

Important Notice

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.

Published 30.09.20

© Orinsen 2024 All Rights Reserved

Registered in Scotland No. SC647800   t+cs   data policy

Scottish Property Awards 2023

Website by Vipond & Co.