Approximately 320 metres from Glasgow Central Station
Nearby occupiers include Tesco Express, Costa, Premier Inn and William Hill
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 50
Auction 30th March 2017
Rent
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Administrators Grant Thornton
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station
Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland, with a population of approximately 1.2 million. Argyle Street is recognised as one of the main retailing streets in Glasgow City Centre, linking Trongate in the east and the M8 motorway and Clydeside Expressway to the west. The property is situated in a prominent corner position, on the south side of Argyle Street and at its junction with James Watt Street. Nearby occupiers include Tesco Express, Costa, Premier Inn and William Hill.
Tenure
Heritable. (Scottish equivalent to English Freehold) .
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station
Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland, with a population of approximately 1.2 million. Argyle Street is recognised as one of the main retailing streets in Glasgow City Centre, linking Trongate in the east and the M8 motorway and Clydeside Expressway to the west. The property is situated in a prominent corner position, on the south side of Argyle Street and at its junction with James Watt Street. Nearby occupiers include Tesco Express, Costa, Premier Inn and William Hill.
Tenure
Heritable. (Scottish equivalent to English Freehold) .
Description
The property comprises a ground floor retail unit fronting Argyle Street with a return frontage on to James Watt Street. The property forms part of a larger building.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
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 floor retail unit fronting Argyle Street with a return frontage on to James Watt Street. The property forms part of a larger building.
VAT
VAT is not applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground
Retail
259.19 sq m
(2,790 sq ft)
FULL CIRCLE PUB LTD (1)
Tenancy agreed for a new 10 year lease (1)
£36,000 (1)
Totals
259.19 sq m
(2,790 sq ft)
£36,000 (1)
(1) A new tenancy has been agreed but not yet signed to Full Circle Pub Ltd for a term of 10 years at a rent of £36,000 per annum exclusive. The new tenancy is subject to the successful transfer of the premises’ license from the former tenant.