6 Renfield Street Glasgow G2 5AL

  • 6 Renfield Street<br>Glasgow<br>G2 5AL

6 Renfield Street
Glasgow
G2 5AL

Heritable City Centre Leisure Investment

  • Lease recently extended for a further 10 years until May 2035 (no breaks)
  • Prominent Leisure Investment close to Glasgow's Central Station
  • Well Established Restaurant over Ground and Basement
  • Nearby occupiers include YBS, Tesco, Burger King, Greggs and Five Guys
  • Lot
    48
  • Auction
    9th May 2024
  • Rent
    £25,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £230,000
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Heritable City Centre Leisure Investment

  • Lease recently extended for a further 10 years until May 2035 (no breaks)
  • Prominent Leisure Investment close to Glasgow's Central Station
  • Well Established Restaurant over Ground and Basement
  • Nearby occupiers include YBS, Tesco, Burger King, Greggs and Five Guys
  • Lot 48
  • Auction 9th May 2024
  • Rent £25,000 per Annum Exclusive
  • Status Sold
  • Price £230,000
  • Sector
    Restaurant
  • Auction Venue
    Live Streamed Auction

Property Information

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

The property is located close to the busy junction of Renfield Street and Gordon Street, within 50 metres of Glasgow Central Station. The surrounding area benefits from high levels of footfall around the station and nearby Buchanan Street. Nearby occupiers include YBS, Tesco, Burger King, Greggs and Five Guys

Tenure

Heritable.

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

The property is located close to the busy junction of Renfield Street and Gordon Street, within 50 metres of Glasgow Central Station. The surrounding area benefits from high levels of footfall around the station and nearby Buchanan Street. Nearby occupiers include YBS, Tesco, Burger King, Greggs and Five Guys

Tenure

Heritable.

Description

The property comprises a ground floor restaurant and kitchen with further seating and staff area at basement level. Forming part of a larger traditional style sandstone tenement building built over basement, ground and three upper floors.

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 ground floor restaurant and kitchen with further seating and staff area at basement level. Forming part of a larger traditional style sandstone tenement building built over basement, ground and three upper floors.

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.
Ground
Basement
Restaurant
Ancillary
40.67
50.81
(437)
(546)
MZ FOODS LTD
t/a Taco Mazama (3)
Lease extension of 10 years expiring 26/05/2035 (2)
£25,000 (3)
Total  
91.48
(983)
(1)
   
£25,000 (3)

(1) The floor areas stated above are those published by the Scottish Assessors Association (www.saa.gov.uk).
(2) The lease variation details that the rent will increase to £26,000 p.a.x. from 27/05/2025. A rent free period of 10 months has been granted (taken as 20 months rent free from 27/05/2025). This will be topped up by the seller. Please see the legal pack for fiurther information
(3) Rent to increase to £26,000 p.a.x. from 27/05/2025 (please see the legal pack for further information)
(4) As part of the variation the lease has been assigned to MZ West Ltd (SC602274).

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

  • Brochure
    Updated Date
    10.05.24
    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
Seller's Solicitors
Burness Paull LLP
Euan Fraser +44 (0)131 573 0284euan.fraser@burnesspaull.com

Useful Links

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

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