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 10th December 2020
Rent £42,500 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
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.
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
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
Floor
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
