100% Prime Retail Unit

The subject property comprises a large flagship retail unit providing sales areas at ground and first floors with basement storage together with significant frontage onto Buchanan Street. We have been advised by our clients that the premises extend to the following approximate areas:- Tenure The subjects are held on an FRI lease expiring in August 2020. There is one remaining rent review as at August 2015. Rent The current passing rental is £820,000 per annum. Terms Offers are invited for the benefit of our client's leasehold interest. Incentives may be available, subject to covenant. Rates We are verbally informed by the Local Rating Authority that the current Rateable Value of the shop is £730,000 and the Rates Payable are £359,160. The UBR for 2017/2018 is 49.2p.  Interested parties are advised to make their own enquiries with the Local Authority for verification purposes.
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Location Description

Glasgow is Scotland's largest city and benefits from an immediate population of approximately 660,000 and an estimated shopping catchment of 2 million within a 20 minute drive time.  The city is ranked 2nd in UK retail hierarchy only behind West End London.  The subject occupy a prominent position on the east side of Buchanan Street, Scotland's premier retailing destination.  Neighbouring occupiers include Molton Brown, Russell & Bromley, Massimo Dutti, Office, Timberland, Ted Baker, Hugo Boss, Pretty Green, Karen Millen and Nike.  House of Fraser department store and the entrance to Princes Square Shopping Centre are both a short distance to the south.

Sizes and Measurements

Total Size

10,979sqft

Sales Area

7,653sqft

Floors Available

Ground Floor

Details

Retail Ground Floor

Size

4,069sqft

Status

Available

Available from

Now

First Floor

Details

Retail

Size

3,584sqft

Status

Available

Available from

Now

Basement Storage

Details

Non-Sales

Size

3,326sqft

Status

Available

Available from

Now

Lease Information & Charges

Lease type

New

For rent

Price On Application

UBR

49.2p

Ratable Value

£730,000.00

Business Rates

£359,160/pa

Specification

  • 100% prime position on one of the UK's premier shopping streets
  • Rare opportunity for large flagship store
  • Excellent fashion adjacencies

Floorplan

BUCHANAN PARTICS GOAD

Photos

BUCHANAN ST PHOTO

Map Data
Map data ©2019 Google
Map DataMap data ©2019 Google
Map data ©2019 Google
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