35 Argyle Street Glasgow G2 8AH

  • 35 Argyle Street<br>Glasgow<br>G2 8AH

35 Argyle Street
Glasgow
G2 8AH

Heritable City Centre Retail Investment

  • Prominent position adjacent to the entrance to Argyle Street Station
  • Prime Glasgow City Centre location
  • Nearby occupiers include Marks & Spencer, Next, Debenhams and River Island
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    19
  • Auction
    8th December 2016
  • Rent
    £48,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £500,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Aviva Investors
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Heritable City Centre Retail Investment

  • Prominent position adjacent to the entrance to Argyle Street Station
  • Prime Glasgow City Centre location
  • Nearby occupiers include Marks & Spencer, Next, Debenhams and River Island
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 19
  • Auction 8th December 2016
  • Rent £48,000 per Annum Exclusive
  • Status Sold
  • Price £500,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Aviva Investors

Property Information

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

Glasgow is the largest city in Scotland with a population of 1.2 million people. Argyle Street is located in Glasgow City Centre and is recognised as one of the main retailing streets in the City. It is the longest street by distance in the city centre, linking Trongate in the east and the M8 motorway and Clydeside Expressway in the west. The property is located immediately adjacent to Argyle Street station which serves the North Clyde lines at Partick with Rutherglen in the south-east of the city. Neighbouring occupiers includes Marks & Spencer, Debenhams, Sports Direct, River Island and Next.

Tenure

Heritable. (Scottish equivalent of English Freehold)

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

Glasgow is the largest city in Scotland with a population of 1.2 million people. Argyle Street is located in Glasgow City Centre and is recognised as one of the main retailing streets in the City. It is the longest street by distance in the city centre, linking Trongate in the east and the M8 motorway and Clydeside Expressway in the west. The property is located immediately adjacent to Argyle Street station which serves the North Clyde lines at Partick with Rutherglen in the south-east of the city. Neighbouring occupiers includes Marks & Spencer, Debenhams, Sports Direct, River Island and Next.

Tenure

Heritable. (Scottish equivalent of English Freehold)

Description

The property comprises a ground and first floor retail unit with ancillary storage accommodation. The property oversails the entrance to Argyle Street Station at first floor level. Please refer to the title documentation within the legal pack.

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground and first floor retail unit with ancillary storage accommodation. The property oversails the entrance to Argyle Street Station at first floor level. Please refer to the title documentation within the legal pack.

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Accommodation Use Floor Areas (Approx) Licencee Term Rent p.a.x. Reversion
Ground
First
Second		 Retail/Ancillary
Retail/Ancillary
Storage
185.34 sq m
489.13 sq m
19.88 sq m
(1,995 sq ft)
(5,265 sq ft)
(214 sq ft)
 SHOP AWAY
LIMITED (t/a
Variety Stores)		 Licence – 1 year
from 03/04/2015 (1)		 £48,000 Holding Over
Total  
694.35 sq m
(7,474 sq ft)
     £48,000  

(1) The licence is determinable on 1 months’ notice.

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Maclay Murray & Spens LLP 1 George Square
Glasgow
G2 1AL
Craig Turok 0330 222 1643craig.turok@mms.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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