30 St Enoch Square Glasgow G1 4DB

30 St Enoch Square
Glasgow
G1 4DB

  • 30 St Enoch Square<br>Glasgow<br>G1 4DB

Heritable Retail Investment

  • Located in a Popular Pedestrianised Square in Glasgow City Centre
  • Opposite St Enoch Centre with Occupiers Including a Number of Restaurant Operators and a 9 Screen Cinema
  • Re-based Rent of £70,000p.a.x (previously £120,000p.a.x)
  • Asset Management Opportunities (subject to lease and planning consent)
  • Neighbouring occupiers Greggs, Caffe Nero, Boots, Tesco
  • Lot
    21
  • Auction
    18/May/2022
  • Rent
  • Status
    Available
  • Price*
    £550,000 - £575,000
  • Sector
    High Street Retail
  • 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
A74, M8, M74, M77
Rail
Argyle Street Station, Glasgow Queen Street Station, Glasgow Central Station
Air
Glasgow Airport
Situation

The property is located on St Enoch Square opposite the St Enoch Centre and adjacent to Argyle Street and close to the southern end of Buchanan Street. St Enoch Square benefits from leisure and restaurant occupiers and a 9 screen cinema. Nearby occupiers include Greggs, Caffe Nero, Boots, Tesco and local traders

Tenure

Heritable. Scottish Equivalent of English Freehold

Location
Miles
47 miles west of Edinburgh
Roads
A74, M8, M74, M77
Rail
Argyle Street Station, Glasgow Queen Street Station, Glasgow Central Station
Air
Glasgow Airport
Situation

The property is located on St Enoch Square opposite the St Enoch Centre and adjacent to Argyle Street and close to the southern end of Buchanan Street. St Enoch Square benefits from leisure and restaurant occupiers and a 9 screen cinema. Nearby occupiers include Greggs, Caffe Nero, Boots, Tesco and local traders

Tenure

Heritable. Scottish Equivalent of English Freehold

Description

The property comprises a double fronted retail shop unit planned on ground and basement floors and forms part of a larger building (in separate ownership).

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a double fronted retail shop unit planned on ground and basement floors and forms part of a larger building (in separate ownership).

VAT

VAT is applicable to this lot.

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. Review/(Reversion)
Ground
Basement
Retail
Storage
282.07 sq m
268.09 sq m
3,035 sq ft
2,884 sq ft
ELITE SPORTS GROUP LIMITED (formerly LBJ Sports Apparel Limited) (1) 10 years from 06/11/2018 on a Full Repairing and Insuring Lease (2) (3)
£70,000
06/11/2023
(05/11/2028)
TOTAL  
550.16 sq m
5,919 sq ft
   
£70,000
 

(1) For the year ending 31/03/2021 Elite Sports Group Limited (CRN 07111486) reported a Turnover of £16,26,808, a Pre-Tax Profit of £239,601 and a Net Worth of £1,316,420.
(2)The lease is subject to a Schedule of Condition. There is a tenant break option on 06/11/2023 subject to 6 months written notice. Please note that the tenant has vacated the property.
(2) A rental deposit of £17,500 is held by the landlord.

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
    29.04.22
    File Size
    29 MB
    Login to View
  • Brochure
    Updated Date
    29.04.22
    File Size
    3 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 AuctioneersAndrew Britton 07990 505421andrew@culverwell.co.uk
Seller's Solicitors
MTL Law 126 W Regent St,
Glasgow
Lanarkshire
G2 2RQ
David Morris 0141 222 5793david@mtllaw.co.uk

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