Approximately 776.92 sq m (8,363 sq ft) over Three Floors
Neighbouring Occupiers Include Sainsbury's Local, Pret a Manger and a number of local retailers
Future Development Potential (subject to lease and planning consents)
Lot 23
Auction 18th May 2022
Rent £42,000 per Annum Exclusive
Status Sold
Price £500,000
Sector Office
Auction Venue Live Streamed Auction
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
M8, M77,M74
Rail
Glasgow Queen Street Station, Glasgow Central Station
Air
Glasgow International Airport (9 miles west)
Situation
Queen Street is located in Glasgow city centre linking George Street to the north and Argyle Street to the south and is a mixed commercial area with retail, leisure and office uses. Queen Street Railway Station is located 500 metres to the north of the property. The property is located just off Queen Street on the west side of the street with neighbouring occupiers including Subway, Sainsbury Local, Pret a Manger and other independent retailers.
Tenure
Heritable. Scottish Equivalent of English Freehold
Location
Miles
47 miles west of Edinburgh
Roads
M8, M77,M74
Rail
Glasgow Queen Street Station, Glasgow Central Station
Air
Glasgow International Airport (9 miles west)
Situation
Queen Street is located in Glasgow city centre linking George Street to the north and Argyle Street to the south and is a mixed commercial area with retail, leisure and office uses. Queen Street Railway Station is located 500 metres to the north of the property. The property is located just off Queen Street on the west side of the street with neighbouring occupiers including Subway, Sainsbury Local, Pret a Manger and other independent retailers.
Tenure
Heritable. Scottish Equivalent of English Freehold
Description
The property comprises basement, ground and first floors of a larger 4/5 storey building. The accommodation is arranged to provide workshops and storage accommodation at basement level, office accommodation at ground and first floors, with staff, storage and WC facilities also located on the first floor. Access to the property is via a lane from Queen Street and there are two car spaces to the front of the property.
VAT
VAT is applicable to this lot.
Completion Period
Six Weeks Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises basement, ground and first floors of a larger 4/5 storey building. The accommodation is arranged to provide workshops and storage accommodation at basement level, office accommodation at ground and first floors, with staff, storage and WC facilities also located on the first floor. Access to the property is via a lane from Queen Street and there are two car spaces to the front of the property.
VAT
VAT is applicable to this lot.
Completion Period
Six Weeks Completion
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.
Reversion
Ground Basement First
Offices Offices/Staff Storage/Workshop
231.97 sq m 312.98 sq m 231.97 sq m
2,497 sq ft 3,369 sq ft 2,497 sq ft
FRASER HART LIMITED (1) (2)
5 years from 28/02/2021 to 27/02/2026 on a Full Repairing and Insuring Lease (3)
£42,000
27/02/2026
Total
776.92 sq m
8,363 sq ft
£42,000
(1) Fraser Hart is one of the UK’s leading jewellers with 28 shops nationwide. For the year ending 27/06/2021 Fraser Hart Limited reported a Turnover of £32,203,000, a Pre-Tax Profit of £1,338,000 and a Net Worth of £38,849,000. (2) The lease is guaranteed by Anthony Nicholas Limited, incorporated in the Republic of Ireland with registered company number 46436 and having its registered office at 155 Townsend Street, Dublin 2; and Anthony Nicholas (UK) Limited incorporated under the Companies Acts (registered number 06302848) and having their registered office at Third Floor, Premier House, Elstree Way, Boreham Wood WD6 1JH (3) The lease is subject to a Schedule of Condition. Please see the legal pack for further information
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
