Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station, Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland with a population of 1.2million people. Hope Street is located in Glasgow city centre linking Arygle Street to the south and Renfrew Street and beyond to Cowcaddens Road to the north. The property is located on the west side of the street immediately opposite Central Station, the larger of the two mainline railway stations in the city. Grand Central Hotel is a high profile, recently refurbished hotel adjoining the station. Hope Street is in the centre of the retail and office district within Glasgow city centre with neighbouring occupiers including Cafè Nero, SSE plc and Ladbrokes.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station, Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland with a population of 1.2million people. Hope Street is located in Glasgow city centre linking Arygle Street to the south and Renfrew Street and beyond to Cowcaddens Road to the north. The property is located on the west side of the street immediately opposite Central Station, the larger of the two mainline railway stations in the city. Grand Central Hotel is a high profile, recently refurbished hotel adjoining the station. Hope Street is in the centre of the retail and office district within Glasgow city centre with neighbouring occupiers including Cafè Nero, SSE plc and Ladbrokes.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a ground floor entrance and basement restaurant, cocktail bar and nightclub. The property has recently undergone significant tenant capital expenditure to refurbish and re-fit the property for its current use.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 entrance and basement restaurant, cocktail bar and nightclub. The property has recently undergone significant tenant capital expenditure to refurbish and re-fit the property for its current use.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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)
Tenant
Term
Rent p.a.x.
Reviews
Ground Basement
Reception Bar and Restaurant
59.18 sq m 642.79 sq m
(637 sq ft) (6,919 sq ft)
REINA SCOTLAND LIMITED (2) (t/a Reina Club & Restaurant)
15 years from 15/06/2015 to 14/06/2030 on full repairing and insuring terms (1)
£65,000
15/06/2020 15/06/2025
Totals
701.97 sq m
(7,556 sq ft)
£65,000
(1) A rental deposit of £16,000 is held together with a personal guarantee equating to one year’s rent. (2)The tenant has recently completed a £200,000 fit out of the property.
