120 Sauchiehall Street
Glasgow
G2 3DH

Heritable Retail Investment

  • Prime location on Sauchiehall Street at the junction of Hope Street
  • Let to RS Sauchiehall Ltd trading as The Refill Station
  • Lease expires 11th September 2025 at a low rebased rent from 2019
  • Passing rent of £42,500 per annum
  • Nearby occupiers include Marks and Spencer, Primark, Savers, Waterstones, Superdrug and the Co-op
  • Lot
    17
  • Auction
    10/Dec/2020
  • Rent
    £42,500 per Annum Exclusive
  • Status
    Available
  • Price*
    £325,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 120 Sauchiehall Street<br>Glasgow<br>G2 3DH
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* More information on the term "price" can be found here

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, benefiting from excellent communication links via the M8 motorway network, and is well served by two major train stations, a bus station and Glasgow International Airport. Sauchiehall Street is one of Glasgow's principal retail and leisure destinations, catering predominantly to the needs of the student and young professional. The subject property is located at the junction with Hope Street on the busy pedestrianised section between Marks & Spencer, Primark, Boots, TK Maxx and WH Smith to the west and Buchanan Galleries to the east.

Tenure

Heritable.

Description

The property is arranged over ground, and basement floors within a typical city centre tenement building with four upper floors (the upper floors are not part of the sale).

VAT

VAT is applicable to this lot.

Viewings

Please contact Mhairi Archibald (07718 899341)

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorFloor Areas
(Approx)
TenantTermRent p.a.xReversion
Ground
Basement
55.17 sq m
60.68 sq m

(594 sq ft)
(653 sq ft)
RS Sauchiehall
Limited (1)
6 years from
12/09/2019 to
11/09/2025
£42,500 (2)11/09/2025
Total
115.85 sq m
(1,247 sq ft)
  £42,500 

(1) RS Sauchiehall Ltd (Reg SC634042) is part of the Refill Station Group. An online Vape retailer who also trade from 10 stores across Scotland and the North of England www.refillstation.online.
They are a new business that take each store in an independent company, being supplied and run by RSA1 Trading Ltd.
(2) A rent deposit sum of £10,625 plus a further sum of £2,125 being equal to VAT on the deposit sum is held by the landlord under the deposit agreement.

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

  • Solicitors Legal Pack
    Updated Date
    27.11.20
    File Size
    10 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.20
    File Size
    852 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.20
    File Size
    436 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
Burness Paull LLP 120 Bothwell Street
Glasgow
G2 7JL
Graeme Bradshaw 0141 273 6976graeme.bradshaw@burnesspaull.com  Michael Stewart 0141 273 6891michael.stewart@burnesspaull.com

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