363 / 371 Argyle Street Glasgow City Centre G2 8LT

363 / 371 Argyle Street
Glasgow City Centre
G2 8LT

Heritable Leisure Investment

  • City Centre location
  • New Tenancy agreed at £36,000 p.a.x. (1)
  • 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
    £36,000 per Annum Exclusive
  • 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
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable Leisure Investment

  • City Centre location
  • New Tenancy agreed at £36,000 p.a.x. (1)
  • 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.

Property Documents

  • Site Plan
    Updated Date
    12.11.19
    File Size
    422 KB
    View PDF
  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    688 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Brodies LLP 110 Queen Street
Glasgow
UK
G1 3BX
Hannah McFarquhar 0141 245 6252Hannah.mcfarquhar@brodies.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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