Investment property, Sauchiehall Street, Glasgow

Income producing investment retail unit over ground, first floor and basement level in an excellent trading position. The tenanted property has 10 years unexpired at £30,000 per annum on an FRI lease. Held on a full repairing and insuring head lease passing £30,000 per annum expiring 11th June 2036 with a tenant break in June 2029. The tenant operates multiple stores throughout Scotland. The net internal areas have been calculated to extend to: ground floor 155.51 sq m (1,674 sq ft), first floor 163.78 sq m (1,763 sq ft), and basement 143.53 sq m (1,545 sq ft), giving a total of 462.82 sq m (4,982 sq ft). The property comprises the ground, first, and basement floors of a 4-storey sandstone building, providing retail sales at ground floor level with a mixture of storage and staff accommodation on the remaining floors. Sauchiehall Street is one of Glasgow’s best-known commercial thoroughfares, occupying a highly accessible position within the city centre and extending between the city-centre shopping area and the west end. Glasgow is Scotland's largest city with a population of approximately 660,000 and an estimated shopping catchment of 2 million. The property occupies a prominent position on Sauchiehall Street between the junctions of Blythswood Street and West Campbell Street, within a well-established retail destination surrounded by a mix of national and independent operators such as Caffe Nero, Mackintosh at the Willow, Tesco Metro, Costa, Greggs, and Black Sheep Coffee.