Prominent position adjacent to the entrance to Argyle Street Station
Prime Glasgow City Centre location
Nearby occupiers include Marks & Spencer, Next, Debenhams and River Island
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 19
Auction 8th December 2016
Rent
Status Sold
Price £500,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Aviva Investors
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station, Glasgow Queens Street Station, Argyle Street Station (Scotrail)
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland with a population of 1.2 million people. Argyle Street is located in Glasgow City Centre and is recognised as one of the main retailing streets in the City. It is the longest street by distance in the city centre, linking Trongate in the east and the M8 motorway and Clydeside Expressway in the west. The property is located immediately adjacent to Argyle Street station which serves the North Clyde lines at Partick with Rutherglen in the south-east of the city. Neighbouring occupiers includes Marks & Spencer, Debenhams, Sports Direct, River Island and Next.
Tenure
Heritable. (Scottish equivalent of English Freehold)
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station, Glasgow Queens Street Station, Argyle Street Station (Scotrail)
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland with a population of 1.2 million people. Argyle Street is located in Glasgow City Centre and is recognised as one of the main retailing streets in the City. It is the longest street by distance in the city centre, linking Trongate in the east and the M8 motorway and Clydeside Expressway in the west. The property is located immediately adjacent to Argyle Street station which serves the North Clyde lines at Partick with Rutherglen in the south-east of the city. Neighbouring occupiers includes Marks & Spencer, Debenhams, Sports Direct, River Island and Next.
Tenure
Heritable. (Scottish equivalent of English Freehold)
Description
The property comprises a ground and first floor retail unit with ancillary storage accommodation. The property oversails the entrance to Argyle Street Station at first floor level. Please refer to the title documentation within the legal pack.
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground and first floor retail unit with ancillary storage accommodation. The property oversails the entrance to Argyle Street Station at first floor level. Please refer to the title documentation within the legal pack.
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Accommodation
Use
Floor Areas (Approx)
Licencee
Term
Rent p.a.x.
Reversion
Ground First Second
Retail/Ancillary Retail/Ancillary Storage
185.34 sq m 489.13 sq m 19.88 sq m
(1,995 sq ft) (5,265 sq ft) (214 sq ft)
SHOP AWAY LIMITED (t/a Variety Stores)
Licence – 1 year from 03/04/2015 (1)
£48,000
Holding Over
Total
694.35 sq m
(7,474 sq ft)
£48,000
(1) The licence is determinable on 1 months’ notice.