Prime Shop - Lease for Sale
(Due to Relocation)
Glasgow is the largest city in Scotland with an immediate urban population of approximately 630,000 and a significantly broader catchment.
The shop occupies an excellent trading location adjoining Buchanan Galleries and the Buchanan Prospect (Skechers, Office Shoes etc). The world famous Hard Rock Café is almost directly opposite the property.
The property has been measured in accordance with the RICS Code of Measuring Practice and extends to the following areas and dimensions:
Gross Frontage: 19’ 5” (5.91 m)
Net Frontage: 16’ 5” (5.00 m)
Ground Floor Sales: 999 ft² (92.8 m²)
Basement Storage : 825 ft² (76.64 m²)
The property is held on the residue of a lease due to expire the 24th March 2023.
The current rent is £160,000 per annum exclusive.
Offers are invited for our client's valuable leasehold interest either on the basis of a sub lease or an assignment.
Date of entry by negotiation.
The property has an EPC rating of 'D'. A copy of the Certificate is available upon request.
The property is entered in the Valuation Roll as follows:-
Rateable Value (2020/2021): £127,000
Each party to be responsible for their own legal costs incurred in this transaction, with the ingoing tenant being responsible for LBTT, registration dues and VAT incurred thereon.
All terms are quoted net of VAT where applicable.
To comply with RICS Regulations we are required to verify the identity of a proposed purchaser once a sale/letting has been agreed. This is to assist with combating fraud and money laundering. Copies of identity and address documentation will be requested on approval of agreed terms.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Viewings can be arranged through this office.