18 Montrose Street
G1 1RE

Heritable Retail Investment

  • Let to Fourworks Limited (ultimately partly owned by Sports Direct) on a 10 year lease until 2025 (no breaks)
  • Tenant in occupation for over 9 years
  • Open Market Rent review March 2020
  • City Centre Location
  • Nearby occupiers in the Merchant City include Hugo Boss, Bang and Olufsen, Bose, Ralph Lauren and Belstaff
  • Lot
  • Auction
  • Rent
    £65,000 per Annum Exclusive
  • Status
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 18 Montrose Street<br>Glasgow<br>G1 1RE
  • Expand
  • Photos
  • Map

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

Property Information

47 miles west of Edinburgh
Glasgow Central Station, Glasgow Queen Street Station
Glasgow International Airport (9 miles west)

The property is located on the east side of Montrose Street at the junction of Cochrane Street in the fashionable Merchant City District of Glasgow City Centre, some 700 metres east of Glasgow Central Railway Station. Merchant City is home to luxury brands such as Versace, Emporio Armani, Hugo Boss, Bang and Olufsen, Bose, Ralph Lauren, Mulberry and Agent Provocateur.


Heritable. (Scottish equivalent of Freehold)


The property comprises ground floor and lower ground floor retail accommodation which forms part of a larger building.


VAT is applicable to this lot.

Completion Period

Six Week Completion


Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
Lower Ground
Lower Ground
232.19 sq m
87.61 sq m
49.31 sq m
(2,499 sq ft)
(943 sq ft)
(531 sq ft)
18MONTROSE RETAIL LIMITED (owned by Sports Direct.com Retail Limited) t/a 18montrose (1)10 years from 19/03/2015 on a full repairing and
insuring lease
369.11 sq m
(3,973 sq ft)

(1) Fourworks Limited (CRN 04072928) are owned by Four (Holdings) Limited (CRN 04225618) who are in turn, partly owned by Sports Direct. ***Charles please confirm precise name and CRN of the sports direct ownership*** For the year ending 31st December 2018, Fourworks Limited reported a turnover of £19,862,347, a pre-tax profit of negative £1,024,094 and a net worth of £2,388,721 (Source: Experian Group 05/11/2019). Current management accounts are available to inspect within the legal pack which is available at acuitus.co.uk.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    File Size
    694 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    File Size
    585 KB
    View PDF


John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
AB & A Matthews The Old Bank, Buccleuch Street Bridge
Neil DaPrato 01387 257 300neildaprato@abamatthews.com

Useful Links

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