30 St Enoch Square Glasgow G1 4DB

30 St Enoch Square
Glasgow
G1 4DB

Heritable Retail Investment

Located in a Popular Pedestrianised Square in Glasgow City Centre
Opposite St Enoch Centre with Occupiers Including a Number of Restaurant Operators and a 9 Screen Cinema
Re-based Rent of £70,000p.a.x (previously £120,000p.a.x)
Asset Management Opportunities (subject to lease and planning consent)
Neighbouring occupiers Greggs, Caffe Nero, Boots, Tesco

Lot
21
Auction
18th May 2022
Rent
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Heritable Retail Investment

Located in a Popular Pedestrianised Square in Glasgow City Centre
Opposite St Enoch Centre with Occupiers Including a Number of Restaurant Operators and a 9 Screen Cinema
Re-based Rent of £70,000p.a.x (previously £120,000p.a.x)
Asset Management Opportunities (subject to lease and planning consent)
Neighbouring occupiers Greggs, Caffe Nero, Boots, Tesco

Lot 21
Auction 18th May 2022
Rent
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 47 miles west of Edinburgh
Roads: A74, M8, M74, M77
Rail: Argyle Street Station, Glasgow Queen Street Station, Glasgow Central Station
Air: Glasgow Airport

Situation

The property is located on St Enoch Square opposite the St Enoch Centre and adjacent to Argyle Street and close to the southern end of Buchanan Street. St Enoch Square benefits from leisure and restaurant occupiers and a 9 screen cinema. Nearby occupiers include Greggs, Caffe Nero, Boots, Tesco and local traders

Tenure

Heritable. Scottish Equivalent of English Freehold

Location

Miles: 47 miles west of Edinburgh
Roads: A74, M8, M74, M77
Rail: Argyle Street Station, Glasgow Queen Street Station, Glasgow Central Station
Air: Glasgow Airport

Situation

Tenure

Heritable. Scottish Equivalent of English Freehold

Description

The property comprises a double fronted retail shop unit planned on ground and basement floors and forms part of a larger building (in separate ownership).

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 double fronted retail shop unit planned on ground and basement floors and forms part of a larger building (in separate ownership).

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 sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Review/(Reversion)
Ground Basement	Retail Storage	282.07 sq m 268.09 sq m	3,035 sq ft 2,884 sq ft	ELITE SPORTS GROUP LIMITED (formerly LBJ Sports Apparel Limited) (1)	10 years from 06/11/2018 on a Full Repairing and Insuring Lease (2) (3)	£70,000	06/11/2023 (05/11/2028)
TOTAL		550.16 sq m	5,919 sq ft			£70,000

(1) For the year ending 31/03/2021 Elite Sports Group Limited (CRN 07111486) reported a Turnover of £16,26,808, a Pre-Tax Profit of £239,601 and a Net Worth of £1,316,420.
(2)The lease is subject to a Schedule of Condition. There is a tenant break option on 06/11/2023 subject to 6 months written notice. Please note that the tenant has vacated the property.
(2) A rental deposit of £17,500 is held by the landlord.

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.