David Allison & Company

Details

TO LET – PRIME RETAIL UNIT

• Superb position in sought after Byres Road trading location
• Current lease runs until 31 December 2018
• Possibility of earlier entry
• Recently extended into basement & well fitted outNet Internal Floor Area:
• Ground Floor:          63.66 sq m (685 sq ft)
• Basement:               55.76 sq m (600 sq ft)
• Rent – rental offers in the region of £50,000 per annum

LOCATION

The subjects occupy a prime location on Byres Road, which is regarded as the principal shopping street serving the West End of Glasgow. Good quality traders adjacent to the subjects include Pizza Express, Oxfam, Subway, Oliver Bonas, Bank of Scotland, etc.

The location plan opposite shows the approximate location of the subjects.

GENERAL DESCRIPTION

The subjects comprise a double windowed shop contained on the ground and basement floors of a four storey and basement stone build and slated tenement property.

The subjects are currently occupied under lease by the Crolla Ice Cream Co Ltd who have fitted the unit out internally to a high standard for its use as an ice cream parlour.  Interested parties should note that the property does not have a Class 3 Food consent.

ACCOMMODATION & FLOOR AREA

The ground floor provides a main counter/servery area with fixed and moveable tables and chairs with a disabled toilet to the rear.

The basement floor accessed via a full staircase at the rear of the shop provides an attractive additional seating area, separate male and female toilets and a storage area.

We calculate the Net Internal Floor Area as defined in the RICS Code of Measuring Practice 6th Edition) to be approximately as follows:-

• Ground Floor 63.66 sq m  (685 sq ft)
• Basement        55.76 sq m  (600 sq ft)

RATING ASSESSMENT

The subjects are currently shown in Valuation Roll as follows:

• Rateable Value – £45,250

LEASE TERMS

The subjects are currently leased until 31st December 2018; however, the tenant has indicated that they would consider vacating the property prior to this date. On expiry of the current lease (or earlier) the subjects will be available on standard full repairing and insuring lease terms for a term of lease to be agreed.

RENT

We are seeking a rental in the region of £50,000 per annum in respect of a new lease on terms to be agreed.

VAT

Unless otherwise stated, all prices, premiums and rentals are quoted exclusive of VAT.

LEGAL COSTS

Each party will be responsible for payment of their own legal costs to be incurred in any transaction.

EPC

The property has been assessed for energy performance and has a ‘F’ rating.

Related

Agent(s) for this listing