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Retail/Shop For Sale, Glasgow

Retail/Shop in Glasgow
Retail/Shop in Glasgow

Property ID: 156571

£350,000 Freehold

Sauchiehall Street, Glasgow, G2 3HQ

Type Retail/Shop
Status Available
Size 0 sq ft

Key Features

  • Attractive investment located in a strong retailing location in Glasgow City Centre
  • Let to Cancer Research UK on a FRI lease until June 2029, with a tenant break option in June 2027
  • Tenant has been in occupation for more than 40 years
  • Passing rent of £34,650 per annum reflecting a Zone A rate of £37.91/sq.ft
  • VAT free investment
  • Offers over £350,000, reflecting a net initial yield of 9.56%
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Description

Glasgow City Centre is host to what is claimed to be the second-best shopping in the UK behind London and the main shopping stretch of Buchanan Street is host to a number of national and international names. In addition, Buchanan Galleries and St Enoch Centre are two major covered shopping malls in the city centre host to a number of national retailers.

More specifically, the subject property is situated on the south side of Sauchiehall at its prominent junction with Douglas Street. Sauchiehall Street is one of Glasgow's major shopping streets, and is a prominent pedestrian throughfare benefitting from strong levels of passing footfall. The property is located diagonally opposite McLellan Works.

Surrounding occupiers include Tesco Express, Boots, Taco Bell, Subway, Nando's and many others.

The Subjects Comprise A Retail Unit Arranged Over Ground And Basement Floors Forming Part Of A Larger A Four-storey And Attic Tenement Style Building Of Blonde Sandstone Construction. The Main Building Is Of Traditional Stone Construction Surmounted By A Pitched Roof. The Property Has A Traditional Corner Frontage Comprising Two Large Single Glazed Display Windows With A Recessed Pedestrian Entrance Projecting Signage Above.

Internally, The Property Has Been Sub-divided To Create A Front Sales Area With Associated Changing Room And Storage Accommodation. Access To The Basement Is Taken Via An Internal Timber Stairwell To A Kitchen Facility And Toilet Compartment To The Front Section, With The Remainder Of The Basement Area Being Utilised As Storage. Access Can Be Taken To A Common Close And Stairwell From The Rear Left Of The Basement Area. The Unit Is Finished To A Modern Standard.
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Graham & Sibbald-Glasgow
Graham & Sibbald-Glasgow View all properties

Property ID: 156571

Retail/Shop For Sale, Glasgow
£350,000 Freehold

Sauchiehall Street, Glasgow, G2 3HQ

Retail/Shop · Available · 0 sq ft

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Graham & Sibbald-Glasgow
Graham & Sibbald-Glasgow View all properties
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Graham & Sibbald-Glasgow
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