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
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
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.
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