Prominent Retail Unit Located in the Busy Merchant City area of Glasgow City Centre
Currently Benefitting From Class 2 Use
Alternative Uses Include Nail Salon, Hairdresser, Optician (Subject to planning)
VAT-Free Property
Lot 22
Auction 18th May 2022
Vacant Possession
Status Sold
Price £269,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station, Glasgow Queen Street Station
Air
Glasgow International Airport (9 miles west)
Situation
The property is situated on the east side of Glassford Street, south of it’s junction with Ingram Street and north of Wilson Street within the Merchant City area of Glasgow City Centre. Merchant City is home to luxury brands such as Emporio Armani, Bose, Ralph Lauren, Mulberry and Agent Provocateur.
Tenure
Heritable. Scottish Equivalent of English Freehold
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station, Glasgow Queen Street Station
Air
Glasgow International Airport (9 miles west)
Situation
The property is situated on the east side of Glassford Street, south of it’s junction with Ingram Street and north of Wilson Street within the Merchant City area of Glasgow City Centre. Merchant City is home to luxury brands such as Emporio Armani, Bose, Ralph Lauren, Mulberry and Agent Provocateur.
Tenure
Heritable. Scottish Equivalent of English Freehold
Description
The property comprises a self-contained, double fronted retail premises arranged over ground floor with basement (Basement currently hatched over and has not been inspected). The property is part of a larger building where the upper floors are in office use and in separate ownership. The property would suits alternative uses including optician, beauty salon and hairdresser (subject to planning).
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a self-contained, double fronted retail premises arranged over ground floor with basement (Basement currently hatched over and has not been inspected). The property is part of a larger building where the upper floors are in office use and in separate ownership. The property would suits alternative uses including optician, beauty salon and hairdresser (subject to planning).
VAT
VAT is not 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.
Rent Review
Ground
Class 2 unit
82.08 sq m
884 sq ft
VACANT
TOTAL
82.08 sq m
884 sq ft
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.