19 Queen Street Glasgow G1 3ED

19 Queen Street
Glasgow
G1 3ED

  • 19 Queen Street<br>Glasgow<br>G1 3ED

Heritable Office Investment

  • City Centre Location
  • Forming Part of Larger Mixed Used Building
  • Let to Fraser Hart Limited
  • Approximately 776.92 sq m (8,363 sq ft) over Three Floors
  • Neighbouring Occupiers Include Sainsbury's Local, Pret a Manger and a number of local retailers
  • Future Development Potential (subject to lease and planning consents)
  • Lot
    23
  • Auction
    18/May/2022
  • Rent
    £42,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £200,000 - £225,000
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
47 miles west of Edinburgh
Roads
M8, M77,M74
Rail
Glasgow Queen Street Station, Glasgow Central Station
Air
Glasgow International Airport (9 miles west)
Situation

Queen Street is located in Glasgow city centre linking George Street to the north and Argyle Street to the south and is a mixed commercial area with retail, leisure and office uses. Queen Street Railway Station is located 500 metres to the north of the property. The property is located just off Queen Street on the west side of the street with neighbouring occupiers including Subway, Sainsbury Local, Pret a Manger and other independent retailers.

Tenure

Heritable. Scottish Equivalent of English Freehold

Location
Miles
47 miles west of Edinburgh
Roads
M8, M77,M74
Rail
Glasgow Queen Street Station, Glasgow Central Station
Air
Glasgow International Airport (9 miles west)
Situation

Queen Street is located in Glasgow city centre linking George Street to the north and Argyle Street to the south and is a mixed commercial area with retail, leisure and office uses. Queen Street Railway Station is located 500 metres to the north of the property. The property is located just off Queen Street on the west side of the street with neighbouring occupiers including Subway, Sainsbury Local, Pret a Manger and other independent retailers.

Tenure

Heritable. Scottish Equivalent of English Freehold

Description

The property comprises basement, ground and first floors of a larger 4/5 storey building. The accommodation is arranged to provide workshops and storage accommodation at basement level, office accommodation at ground and first floors, with staff, storage and WC facilities also located on the first floor. Access to the property is via a lane from Queen Street and there are two car spaces to the front of the property.


VAT

VAT is applicable to this lot.

Completion Period

Six Weeks Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises basement, ground and first floors of a larger 4/5 storey building. The accommodation is arranged to provide workshops and storage accommodation at basement level, office accommodation at ground and first floors, with staff, storage and WC facilities also located on the first floor. Access to the property is via a lane from Queen Street and there are two car spaces to the front of the property.


VAT

VAT is applicable to this lot.

Completion Period

Six Weeks Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Reversion
Ground
Basement
First
Offices
Offices/Staff
Storage/Workshop
231.97 sq m
312.98 sq m
231.97 sq m
2,497 sq ft
3,369 sq ft
2,497 sq ft
FRASER HART LIMITED (1) (2) 5 years from 28/02/2021
to 27/02/2026 on a
Full Repairing and Insuring Lease (3)
£42,000
27/02/2026
Total  
776.92 sq m
8,363 sq ft
   
£42,000
 

(1) Fraser Hart is one of the UK’s leading jewellers with 28 shops nationwide. For the year ending 27/06/2021 Fraser Hart Limited reported a Turnover of £32,203,000, a Pre-Tax Profit of £1,338,000 and a Net Worth of £38,849,000.
(2) The lease is guaranteed by Anthony Nicholas Limited, incorporated in the Republic of Ireland with registered company number 46436 and having its registered office at 155 Townsend Street, Dublin 2; and Anthony Nicholas (UK) Limited incorporated under the Companies Acts (registered number 06302848) and having their registered office at Third Floor, Premier House, Elstree Way, Boreham Wood WD6 1JH
(3) The lease is subject to a Schedule of Condition. Please see the legal pack for further information

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    12.05.22
    File Size
    70 MB
    Login to View
  • Brochure
    Updated Date
    04.05.22
    File Size
    4 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Associate AuctioneersJohn Loveday 020 7318 5753
Seller's Solicitors
Brodies LLP 110 Queen Street
Glasgow
Scotland UK
G1 3BX
Richard Smith (0) 141 245 6284richard.smith@brodies.com

Useful Links

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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now