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Investment property in prime location

Glasgow, G2 - Get Access

Description

Income-producing commercial investment comprising a retail unit over ground and first floor levels in an excellent trading position on the north side of Sauchiehall Street, close to its junction with St George's Road. The property is currently tenanted with 8 years unexpired on a Full Repairing and Insuring (FRI) lease, let to Panjtan Enterprise Ltd (t/a Glasmoke) for a term of 10 years from 24 June 2024 at a rent of £36,000 per annum, with a rent review scheduled for 2027 and no break clauses. The net internal areas extend approximately to: ground floor 273.79 sq m (2,947 sq ft) and first floor (office/ancillary) 58.78 sq m (633 sq ft), providing a total area of 332.57 sq m (3,580 sq ft). Nearby occupiers include KFC, Tesco Express, Greggs, JD Wetherspoons, and Admiral Casino. Sauchiehall Street is one of Glasgow's best-known commercial thoroughfares, occupying a highly accessible city-centre position extending between the primary shopping area and the west end, close to Buchanan Street and Argyle Street. The location benefits from excellent public transport connections, with Glasgow Central and Glasgow Queen Street railway stations within approximately a 10-minute walk, Charing Cross Station nearby, and Buchanan Bus Station as well as Cowcaddens and Buchanan Street subway stations all within easy reach.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 3,580 sq ft (Listing)

This commercial investment property on Sauchiehall Street was valued using an income capitalization approach based on its passing rent of £36,000 per annum, cross-referenced with prevailing per-square-foot benchmarks for central Glasgow retail units. The 3,580 sq ft accommodation occupies a well-trafficked city-centre position and is currently in fair condition, with minor exterior maintenance required to the upper facade.

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