DOCSLIB.ORG

59 Sauchiehall Street, 108-112 Renfield Street & 100-106

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
59 Sauchiehall Street, 108-112 Renfield Street & 100-106 59 SAUCHIEHALL STREET, 108-112 RENFIELD STREET & 100-106 RENFIELD STREET GLASGOW G2 3DA Burger King and KFC – Prime Long-Let Leisure Investment Opportunity with 16+ years to Expiry Executive Summary • Glasgow ranks 1 in the UK in terms of the volume of total retail spend available within the Primary Retail Market Area. (Promis, 2018). • Located on Sauchiehall Street and Renfield Street within Glasgow’s prime retail district ‘The Golden Z’ and within close proximity to Cineworld Glasgow (top 10 trading cinema in the UK) and Buchanan Galleries. • WAULT of 16.83 years to expiry (9.60 years to break). • Re-based rents provides future rental growth opportunities within the micro location. • Burger King occupies a prime return frontage unit, with a lease expiry in 2033. In 2015, the vacant upper floors above the Burger King demise were granted planning consent for 9 residential units. • KFC have been in occupation since 2003, and have recently taken a new lease from 2018 until 2038 and spent approximately £750,000 refurbishing their store. • Value add opportunities with potential upper floor residential development, which is available as part of a larger package or by separate negotiation. • Heritable Interest (Scottish equivalent of English Freehold). • Total passing rent of £305,000 per annum. • We have been instructed to seek offers for the retail element in excess of £5,226,000, subject to contract and exclusive of VAT reflecting a NIY 5.50% assuming standard purchasers costs of 6.10%. GLASGOW CENTRAL GLASGOW QUEEN ST BUCHANAN STREET BUCHANAN GALLERIES RENFIELD STREET ROYAL CONCERT HALL BUCHANAN BUS STATION BHS REDEVELOPMENT SITE SAUCHIEHALL STREET PAVILION THEATRE GLASGOW CALEDONIAN UNIVERSITY A83 TROSSACHS A84 A9 NATIONAL PARK M9 77 Location A81 A91 A9 A811 M90 Garelochhead Stirling Glasgow is the largest city in Scotland, third largest in the UK and is fast becoming one of A909 Europe’s most vibrant and cosmopolitan cities. It is located in the West of Scotland and Dunfermline A82 1 81 M80 lies approximately 400 miles north of London and 40 miles to the west of Edinburgh. The A FIRTH M876 city has a population of almost 600,000. The entire region surrounding the conurbation Helensburgh A809 OF FORTH has approximately 2.3 million people within one hour’s drive which is more than 40% of Kilsyth River Clyde Falkirk EdinburgEdinburghh A8 M9 Scotland’s entire population. Dunoon Greenock 91 Port A82 Cumbernauld Edinburgh Glasgow A80 A8 A7 A78 A199 The total population within the Glasgow primary catchment area is 1,867,000 and the city 3 M8 Clydebank M80 Armadale has an estimated shopping population (those who regard the city as their main shopping Glasgow Livingston Skelmorlie A720 destination) of 865,000. Glasgow ranks 1 in the UK in terms of the volume of total retail Airdrie A68 M8 Rothesay GLASGOW spend available within the Primary Retail Market Area. (Promis, 2018). CLYDE MUIRSHIEL Paisley 1 A7 A7 REGIONAL PARK Bellshill 25 M77 A7 Motherwell A7 A737 26 Millport Hamilton Situation 06 East A7 A7 02 West Kilbride M74 A7 03 The properties are let to Burger King and KFC, located within the pedestrianisedKilbride prime retailing pitch on the corner of Sauchiehall Street and Renfield Street. A7 2 A78 1 A7 Sauchiehall Street forms part of Glasgow’s prime retailing district known as the ‘Golden Z.’ Kilmarnock The street has firmly established itself as one of the prime retail destinations over the past decades with key surrounding occupiers including Marks & Spencer, Primark, Starbucks, Doc A77 Martins, Sainsbury’s, Pret and Cineworld. In addition, there is the Buchanan Galleries Shopping Centre to the eastern end further increasing footfall. With the street offering a natural thoroughfare from the Central Business District to Buchanan Bus Station and Galleries, it is M8 one of the busiest streets in the city with annual footfall figures over 16 million people. PORT DUNDAS RD 16 17 EDINBURGH Renfield Street connects directly to the prime retailing section of Sauchiehall Street. It is ideally located close to Cineworld on Renfrew Street, Scotland’s busiest cinema, ensuring its T S 18 C R OW E prime location for restaurant fast-food operators. V CAD D O E N R S R EN D N FREW ST A H N B AT SAU Cineworld H S C CHARING CROSS T HIE HA LL ST (GLASGOW) Buchanan BURGER KING & KFC T Surrounding Redevelopment S Galleries WE D CENT STREET ST VIN ST. G L ST. V EOR T I T NC GE S IE EN S T T S S T F Located directly opposite the subject, plans for a N E N A GLASGOW QUEEN ST L E I T N S R £75 million redevelopment of the former BHS have N A L T H L S recently been announced. Proposals have been E C E B U P B W A814 submitted to the local authority for a 12-storey M A 19 C scheme which will include 130,000 sq ft of Grade A GLASGOW CENTRAL W T AR GYL office space with 18,000 sq ft of ground floor retail S E S TRE ET N M8 accommodation fronting onto Sauchiehall Street. W T RO O N A8 GAT This development will drastically enhance the look 14 R St. Enoch Centre E B BROOMIE LAW ARGYLE STREET and feel of the micro location upon completion. Stallan Brand architects CGI CL YD E ST T 20 E MO E A8 RR R ISO T N STR S EE T WN O T A8 R S C B 21 N AL GLASGOW T A O S T E T R AIRPORT S S N L T I R A E A74(M) M74 L E B T G R E O G Description The subject property comprises two adjoining leisure/retail units over basement, ground and first floors with the upper floors vacant and separately accessed. The leisure elements are let to Burger King, fronting onto Sauchiehall Street, and KFC which fronts onto Renfield Street. Burger King, 59 Sauchiehall Street & 108-112 Renfield Street The property comprises a corner block on Sauchiehall Street and Renfield Street. Burger King have a lease over the basement, ground and first floors. The Burger King element extends to approximately 5,077 sq ft NIA with an ITZA of 1,775 sq ft. KFC, 100-106 Renfield Street KFC have recently undergone a £750,000 refurbishment in line with their corporate branding and extended the customer area onto the first floor. Their leasehold interest extends over basement, ground and first floors providing approximately 9,074 sq ft NIA with an ITZA of 2,563 sq ft of accommodation. Residential Development Opportunity The upper floors above Burger King (2nd, 3rd & 4th) and KFC (2nd & 3rd) are currently in shell condition and do not comprise part of either occupier’s demise. Separate access to the element above Burger King is provided through an entrance fronting onto Renfield Street whilst access to the demise above KFC is via Sauchiehall Lane. These upper parts extend to a GIA of 13,997 sq ft. In 2015, the vacant upper floors above the Burger King demise were granted planning consent for 9 residential units. (REF: 15/01982/DC). An additional planning application has been submitted to Glasgow City Council for the use of vacant upper floors for 12 residential flats. The council have stated that they are minded to grant consent. (REF:18/00186/FUL.) A Deed of Condition has been granted to allow a horizontal split of the commercial and residential element. This residential element is available as part of a wider package including the ground floor leisure element or by way of separate negotiation. Further information can be provided upon request. Tenure Heritable Interest (Scottish equivalent of English Freehold). Tenancy Unit Area Rent Rent Tenant Lease Start Lease Expiry Next Review Break Comments / Asset Management Name (ITZA sq ft) (pa) (ITZA psf) 59 Sauchiehall Caspian Food Retailers Ltd Guaranteed by Caspian UK Group Ltd, 1,775 02/04/2013 01/04/2033 01/04/2023 02/04/2028 £175,000 £98.59 currently being assigned to Royale Holdco Street t/a Burger King Ltd. Total NIA 5,077 sq. ft. 100-106 Renfield Alderforce SC Ltd Ground Basement is subject to a schedule of 2,563 08/01/2018 07/01/2038 07/01/2023 08/01/2028 £130,000 £50.72 condition and is excluded for rent review Street t/a KFC & First purposes. Total area 9,074 sq ft. 2nd 5,987 Second, third & An application to convert the upper floors Vacant GIA 3rd 5,977 into 12 residential units has been submitted fourth floors to Glasgow City Council. 4th 2,003 WAULT of 16.83 years to expiry Total £305,000 (9.60 years to break) Covenant Analysis Turnover Profit before Net Worth Income profile by tenant Tenant Fame Score Comment 2017 Taxation 2017 2017 Burger King Guaranteed by Caspian Food Retailers Ltd £317,800,000 £1,917,000 £2,087,000 Secure (85) Caspian UK Group KFC t/a Burger King Ltd. Guaranteed by Alderforce SC Ltd t/a KFC £14,864,590 £1,320,588 £596,900 Secure (92) Marsdens Caterers of Sheffield Ltd. 43% Caspian Food Retailers Ltd Caspian Food Retailers Ltd are one of the UK’s largest Burger King franchisees with over 74 restaurants. The lease is guaranteed by Caspian UK Group. Caspian UK Group were purchased by international private equity 57% group Bridgepoint in November 2017. Other notable leisure operators under the Bridgepoint umbrella include Zizzi and Ask Italian. Alderforce SC Ltd Alderforce SC Ltd is not only a large KFC franchisee, the company is also one of the largest Costa Coffee and Taco Bell franchisees in the UK.
Load more

Recommended publications
  • Sauchiehall Street Glasgow
    FOR SALE On behalf of the Joint Administrators of Watt Brothers (Glasgow & Edinburgh) Limited SAUCHIEHALL STREET GLASGOW • Stunning former department store building • Substantial redevelopment opportunity Unique CBRE are delighted to offer this unique flagship Development development opportunity to the market. The subjects comprise an iconic department store building occupying a block on Glasgow’s Opportunity busiest pedestrian thoroughfare. ST ENOCH CENTRE ARGYLE STREET ST ENOCH SUBWAY GLASGOW CENTRAL STATION GEORGE SQUARE BUCHANAN STREET GRAND CENTRAL HOTEL QUEEN STREET STATION BUCHANAN STREET SUBWAY BUCHANAN QUARTER BUCHANAN GALLERIES PARK INN BY RADISSON PREMIER INN BUCHANAN BUS STATION SAUCHIEHALL STREET HOLIDAY INN APEX EXPRESS ABODE HAMPTON BY HILTON CITIZEN M Location Glasgow is Scotland’s largest city, with a The subjects are located in the heart of Glasgow city population of approximately 660,000, and an centre and occupy a highly prominent corner position estimated shopping catchment of two million at the junction of Sauchiehall Street and Hope Street within a 20 minute drive time. The city is well and further benefit from extensive frontages to both served by public transport with two mainline Sauchiehall Street and Hope Street and also to Bath train stations, an underground network and a Street. Located on the pedestrianised section of number of bus routes which run through the Sauchiehall Street, the property benefits from high levels city centre. of footfall which exceed that of Buchanan Street. Glasgow city centre is widely regarded as the 2nd ranked retail centre in the UK after central London in terms of CACI ranking. Sauchiehall Street comprises a well established mix of retail and leisure operators with nearby occupiers that include Tesco, Primark, Boots, Marks & Spencer, ACEALL T Waterstones, TK Maxx and Sports Direct.
    [Show full text]
  • North West Sector Profile
    Appendix North West Sector Profile Contents 1. Introduction Page 1 2. Executive Summary Page 2 3. Demographic & Socio – Economic Page 8 4. Labour Market/Employment/Education Page 13 5. Health Page 23 6. Neighbourhood Management Page 29 1. Introduction 1.1 The profile provides comparative information on the North West Sector Community Planning Partnership (CPP) area, including demographic & socio economic, employment, health and neighbourhood management information. 1.2 North West Glasgow is diverse in socio economic terms, as illustrated by the map, as it contains Glasgow’s city centre/ business area, the more affluent west end of Glasgow but also localities with significant issues relating to employment, health and poverty. The North West is the academic centre of the City with the three Glasgow Universities located in the sector and also has many cultural & historical buildings of interest as well as large areas of green space. Table 1: North West Sector Summary Population (2011 Census) 206,483 (up 7.1%) Population (2011 Census) exc. communal establishments 197,419 Working Age Population 16-64 (2011 Census) 151,345 (73.3%) Electorate (2014) 165,009 Occupied Households (2011 Census) 101,884 (up 9.5%) Average Household Size (2011) exc. communal establishments 1.94 (2.07 in 2011) Housing Stock (2014) 105,638 No. of Dwellings per Hectare (2012) 22.28 Out Of Work Benefit Claimants (May 2014) 24,230 (16.0%) Job Seekers Allowance (February 2015) 5,141 (3.4%) 2. Executive Summary Demographic Information 2.1 Population According to the 2011 Census, The North West sector population was 206,483. The population in the North West Sector increased by 13,773 (7.1%) from 2001 Census.
    [Show full text]
  • Report on Collections Agreement 1 April 2011 - 31 March 2012
    APPENDIX Report to Board Meeting of 13 June 2012 Report by Director of Cultural Services REPORT ON COLLECTIONS AGREEMENT 1 APRIL 2011 - 31 MARCH 2012 Purpose of report To provide the Board with performance information relating to the Collections Agreement. Recommendations The Board is asked (1) to note the performance information relating to the Collections Agreement; and (2) agree that the report be referred to Glasgow City Council for information. 1. INTRODUCTION 1.1 The Collections Agreement (paragraph 24.1) requires that Culture and Sport Glasgow shall keep Glasgow City Council informed concerning the performance of its obligations under the agreement. 1.2 The Museums Acquisition and Disposal Policy agreed by Glasgow City Council and the Board of Directors of Culture and Sport Glasgow in February and March 2008 respectively also stipulates that the Head of Museums and Collections will present a regular report to the Board of Directors on performance under the Collections Agreement. The Head of Museums and Collections will also present an annual report summarising performance. Once agreed by the Board the reports will be submitted to the Council. 2. BACKGROUND 2.1 This is the annual report on Culture and Sport Glasgow’s performance under the Collections Agreement from 1 April 2011 to 31 March 2012. In addition, the report for the 4th Quarter (1 Jan – 31 March 2012) is incorporated within this report. 3. SUMMARY OF PERFORMANCE 3.1 The following is a summary of performance under the headings specified in the Collections Agreement. 4. MUSEUMS AND ART GALLERIES 4.1 Inward loans (other than those connected with exhibitions) There were 15 inward loan transactions during this period: x Renewals: 10 long term renewals: 8 for a maximum 3 years and the other 2 for shorter periods pending redisplay plans.
    [Show full text]
  • How to Find Us
    THE GLASGOW SCHOOL OF ART LOCATIONS Whisky Bond Possil Road Dawson Road Stow Building Garscube Road West Graham Street COWCADDENS Garnethill Craighall Road Craighall Cathedral Street Eastvale Place BUCHANAN STREET Kelvinhaugh Street North Hanover Street ST ENOCH The Pacific Quay Hub IBROX Garnethill Campus Highlands & Islands Campus (not pictured) See detailed section on reverse page Innovation School studios and workshops Visitor information at gsadesigninnovation.com Stow Building Altyre Estate, Forres IV36 2SH School of Fine Art studios and workshops 43 Shamrock Street, G4 9LD GSofA Singapore (not pictured) Communication Design and Interior Design studios The Hub and workshops School of Simulation and Visualisation studios and workshops Visitor information at gsa.ac.uk/singapore Visitors should report to the reception on the ground floor SIT@TP, Singapore 528694 70 Pacific Quay, G51 1EA Whisky Bond Archives & Collections Centre Access by appointment – contact [email protected] 2 Dawson Road, G4 9SS Contact The Glasgow School of Art 167 Renfrew Street Glasgow G3 6RQ +44(0)141 353 4500 [email protected] THE GLASGOW SCHOOL OF ART GARNETHILL CAMPUS ENTRANCE SHAMROCK STREET 14 WEST GRAHAM STREET GARNETHILL STREET GARNETSTREET 6 BUCCLEUCH STREET STREET DALHOUSIE 7 4-5 HILL STREET ROSE STREET ROSE CAMBRIDGE STREET 9 2 1 10 ENTRANCE RENFREW STREET 3 STREET SCOTT 13 GFT 8 SAUCHIEHALL STREET BATH STREET 11 12 WEST REGENT STREET Road closures Road closures 1 Reid Building 8 Rose Street 3D Making Workshops, Fashion + Textiles Workshops, Administration Offices for Specialist Schools, Laser Cutting, Media Studio + Store, Photo Print Development, Finance, Health and Safety, Prototyping Workshop, School of Design Studios, HR, Information Technology, Registry Silversmithing & Jewellery Workshop 9 No.
    [Show full text]
  • GLASGOW CITY CENTRE BUCHANAN to GLASGOW AIRPORT BUS STATION Bus Stop 6090117 KILLERMONT ST
    GLASGOW CITY CENTRE BUCHANAN TO GLASGOW AIRPORT BUS STATION Bus Stop 6090117 KILLERMONT ST JOHN LEWIS RENFREW ST BUCHANAN 1 BUS STATION KILLERMONT ST ROYAL CONCERT HALL/ SAUCHIEHALL ST BUCHANAN GALLERIES P SAUCHIEHALL LN WELCOME TO BATH ST NORTH HANOVER ST BATH LANE BATH ST Glasgow WEST REGENT ST CATHEDRAL ST Important information about your WEST REGENT LANE U RENFIELD ST Ryanair Coach Transfer between CITY OF WEST NILE ST P GLASGOW Glasgow Airport and Glasgow WEST GEORGE ST QUEEN ST COLLEGE TRAIN STATION BUCHANAN ST City Centre. NELSON MANDELA PLACE 2 NORTH HANOVER ST QUEEN ST WEST GEORGE ST TRAIN < Glasgow STATION Airport ST VINCENT ST N HANOVER ST Bus Stop 3 GEORGE SQUARE 6090108 ST VINCENT ST CITY CHAMBERS Bus Stop GLASGOW CENTRAL 609076 TRAIN STATION You can pick up your Ryanair Coach Transfer at three ST VINCENT ST convenient city centre locations: Fired Earth KILLERMONT STREET 1 Outside Buchanan Bus Station. Bus stop number 6090117 RENFIELD ST DURY LANE NORTH HANOVER STREET 2 The bus stop is opposite the side entrance to Queen Street Station. Bus stop number 6090108 ST VINCENT STREET Operated on behalf of 3 Outside Fired Earth shop. Bus stop number 609076 Ryanair by McGill’s Bus stop numbers are located on the bus stop flag Pick up your Ryanair Coach Transfer GLASGOW AIRPORT to Glasgow city centre at stance B5 Thank you for booking your coach TO GLASGOW CITY CENTRE outside the main terminal building International Arrivals transfer to/from Glasgow Airport to Exit the terminal building and turn Glasgow City Centre. right.
    [Show full text]
  • Kgfloorplancoffeefirst.Pdf
    Dali’s Christ of St John of the Cross South Gallery Every Picture Object Cinema Tells a Story Life in the Rainforest Scottish Identity Scotland’s in Art First People Picture Promenade Picture Promenade Conflict French and Art Consequence Picture Promenade Picture Promenade Dutch Art Cultural Connections History Scottish Organ Discovery Colourists Centre Café at Kelvingrove First floor Entrance from Argyle Street Looking at Ancient Design Egypt The Glasgow Boys Glasgow Stories Mini Museum Mackintosh East Court West Court Creatures and the Centre Hall of the Past Glasgow Style Looking at Art Reception Scotland’s Wildlife Burrell at Desk Environment Kelvingrove Discovery Centre Entrance Dino from car Shop park Ground floor Royal Bank of Scotland Temporary Exhibition Gallery Shop Shop Café Campbell Hunter Education Wing Shop Reception Desk Entrance Lower ground floor from car park Key to symbols Female Toilets Male Toilets Accessible Toilets Letterbox Café Accessible Lift Interactive Area Shop Coffee at Kelvingrove Cloakroom Welcome to Kelvingrove Art Gallery and Museum. FREE If you have any queries during your visit, please ask a member of staff Entry at either of the Reception Desks, located on the lower ground floor Donations and in the centre hall. Alternatively, you can ask any of our Gallery welcome Assistants in the galleries. Spitfire LA198, 602 Spitfire LA198, (City of Glasgow) Squadron, Court West in the in the Glasgow Boys gallery James Guthrie, James Sir Henry Raeburn, Giuseppe Baldan, in the small room off Art gallery the French La Faruk Madonna, La Faruk McNab, The in the Scottish Identity in Art gallery Old Willie – Worthy, the Village If you don’t want to keep this floor plan, please hand it in to the Reception Desk.
    [Show full text]
  • The Willow Tea Rooms Trust
    O-032-17 TRADE MARKS ACT 1994 IN THE MATTER OF APPLICATION 3105102 BY THE WILLOW TEA ROOMS TRUST FOR THE TRADE MARK THE WILLOW TEA ROOMS AND THE OPPOSITION THERETO UNDER NUMBER 405148 BY ANNE MULHERN Background 1. The Willow Tea Rooms Trust (“the applicant”) applied for the trade mark THE WILLOW TEA ROOMS on 22 April 2015 in classes 35, 41, 42 and 43. 2. The application was accepted and published in the Trade Marks Journal for opposition purposes on 26 June 2015. Anne Mulhern opposes the trade mark application under sections 5(2)(b), 5(3) and 5(4)(a) of the Trade Marks Act (“the Act”). For sections 5(2)(b) and 5(3), Ms Mulhern relies upon two earlier trade mark registrations which she owns, as follows: (i) 1276805 (series of 2 marks) Class 42: Restaurant, tea room, catering and cafe services; all included in Class 42; but not including any of the aforesaid services relating to the provision of alcoholic drinks. Filing date: 1 October 1986; date registration procedure completed: 12 July 1991 (ii) 2251332A (series of 8 marks): Page 2 of 73 Goods and services in classes 9, 11, 16, 20, 21, 24, 30 and 43. Filing date: 3 November 2000; date registration procedure completed: 8 March 2002. 3. Ms Mulhern’s claim under section 5(2)(b) is that there exists a likelihood of confusion owing to the similarities/identity between the marks and the goods/services. Under section 5(3) of the Act, Ms Mulhern claims that the earlier marks have a reputation in certain goods and services such that use of the application without due cause would take unfair advantage of, or be detrimental to, the distinctive character or the repute of the earlier marks.
    [Show full text]
  • TO LET RETAIL WAREHOUSE UNIT, LONDON ROAD, GLASGOW G32 8NS AVAILABLE by WAY of SUB-LET 8,466 Ft² / 787M² Location
    TO LET RETAIL WAREHOUSE UNIT, LONDON ROAD, GLASGOW G32 8NS AVAILABLE BY WAY OF SUB-LET 8,466 ft² / 787m² Location M73 A80 A82 M80 M80 A82 M73 M8 M73 M8 5 A739 M8 M8 4 M8 M8 3 2 M77 M74 A74 London Road M77 M73 M74 A725 1 M74 M74 A725 M77 M77 A726 Name Miles Drive Time The subject property is located approximately 4 miles east of Glasgow City Centre on 1. Carmyle Train Station 0.7 Miles 4 Mins London Road. London Road is a major arterial road to the city centre and the property 2. Glasgow Central Train Station 6.9 Miles 17 Mins benefits from good access to the M74 motorway, Junction 2a. Nearby occupiers include 3. Queen Street Train Station 4.1 Miles 19 Mins DFS, Matalan, Starbucks, McDonald’s and KFC. There is also a proposed Sofology and 4. Buchanan Bus Station 4.4 Miles 17 Mins Costa Drive Thru opening Summer 2021. 5. Glasgow Airport 12.7 Miles 21 Mins TO LET RETAIL WAREHOUSE UNIT, LONDON ROAD, GLASGOW G32 8NS AVAILABLE BY WAY OF SUB-LET 8,466 ft² / 787m² The unit is arranged over ground floor only and comprises of the following approximate floor Accommodation areas (NIA): Floor Sq Ft Sqm Ground Floor 8,466 ft² 787 m² Can be split to provide alternative accommodation of 5,000 sq ft minimum to a single occupier. Sub-Let The subject unit is available by way of sub-let. Rent Upon Application Rates TO LET Interested parties are advised to make their 8,466ft² / 787m² own enquiries with the Local Authority.
    [Show full text]
  • 539-543 SAUCHIEHALL STREET, GLASGOW G3 7PG Sheridan OFFERS OVER £550,000 Property Consultants EXECUTIVE SUMMARY
    FOR SALE SUBSTANTIAL RETAIL UNIT ON BUSY RETAIL THOROUGHFARE 539-543 SAUCHIEHALL STREET, GLASGOW G3 7PG Sheridan OFFERS OVER £550,000 Property Consultants EXECUTIVE SUMMARY • Passing rent of £47,000 per annum (only £6.64/sqft Zone A) • Situated on a busy retailing thoroughfare • Let to Paragon Group UK Limited (2A2 D&B) • FRI Lease expiring 22 December 2024 • Offers in excess of £550,000 (FIVE HUNDRED AND FIFTY THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 8.19%, allowing for purchaser’s costs at 4.62%. SUBSTANTIAL RETAIL UNIT ON BUSY RETAIL THOROUGHFARE 539-543 SAUCHIEHALL STREET, GLASGOW G3 7PG LOCATION Glasgow is the largest city in Scotland, the commercial and industrial capital of the country and the administrative centre for the West of Scotland, with an urban population of approximately 1.1 million people and a total catchment population of over 2.3 million people within a 40 minute drive, making Glasgow the third largest urban centre in the UK. Glasgow boasts a strong, vibrant and growing economy and hosts the headquarters for a number of Plc companies including Scottish Power, Clydesdale Bank, Weir Group and Scottish Mutual Insurance. 539-543 SAUCHIEHALL STREET SITUATION The subject property is located at the west end of Sauchiehall Street close to the junction of Woodside Crescent in the Charing Cross district of Glasgow. Popular local amenities include Kelvingrove Park, Mitchell Library and the Kelvingrove Art Gallery and Museum. DESCRIPTION The subject property comprises a large retail unit arranged over ground and basement floors.
    [Show full text]
  • Kelvinhaugh Residences Directions Central Train Station Train Take a Low Level Train to SECC
    Kelvinhaugh Residences Directions Central Train Station Train Take a low level train to SECC. From SECC Station walk past Peugeot garage; take the first left onto St Vincent Crescent, take the first right on to Corruna Street. At the top of the street turn left (at Ben Nevis Pub) onto Argyle Street. Take the first left onto Kelvinhaugh Street, then first right into Kelvinhaugh Place and Cairncross House. Bus Exit Central Station at the side exit onto Hope Street. Cross Hope Street and take Bus No: 2 to Argyle Street. Leave the Bus on Argyle Street (first stop after Sainsbury’s). Walk back Along Argyle Street and take first right into Kelvinhaugh Street, then first right into Kelvinhaugh Place and Cairncross House. Alternatively you can get a taxi, which will cost approximately £5 - £10. Queen Street Train Station Train Exit the Station onto George Street and follow the signs to Central Station. From Central Station take a lower level train to SSEC. From SECC Station walk past a Peugeot garage, take the first left onto St Vincent Crescent. Take the first right on to Corruna Street. At the top of the street turn left (at Ben Nevis Pub) onto Argyle Street. Take the first left onto Kelvinhaugh Street, then first right into Kelvinhaugh Place and Cairncross House. Bus Exit Queen Street Station and walk to Hope Street by turning right onto George Street, then onto West George Street. At Hope Street take Bus No: 9 or 2 to Argyle Street. Leave bus on Argyle Street (first stop after Sainsbury’s).
    [Show full text]
  • For Sale Development Opportunity 359 Sauchiehall Street Glasgow
    REFURBISHMENT/ FOR SALE DEVELOPMENT OPPORTUNITY 359 SAUCHIEHALL STREET GLASGOW SAT NAV: G2 3HU Glasgow • 19 self-contained flats providing 81 student beds and a management office (potentially 2 further bedrooms) requiring refurbishment • Potential alternative uses as residential / serviced apartment city centre subject to planning • Glasgow City Centre • Prominent corner block • Gross Internal area approx. 2,187 sq m (23,540 sq ft) over 4 floors • Offers invited opportunity 359 SAUCHIEHALL STREET, GLASGOW, G2 3HU PAGE 2 the Property This Grade B listed property comprises the prominent upper floors (1st, 2nd, 3rd and 4th) of a sandstone building on the southwest corner of the junction of Sauchiehall Street and Holland Street. The main access is from a doorway directly onto Sauchiehall Street leading to the first floor. The majority of the ground floor is occupied by a Wetherspoons bar and is not part of the property being marketed. The property is currently configured as 19 self-contained flats providing 81 student beds and a management office requiring refurbishment. 359 SAUCHIEHALL STREET, GLASGOW, G2 3HU PAGE 3 central location Buchanan Galleries Shopping Centre Central Station Buchanan Bus Station Cineworld Multiplex Theatre Royal M&S Primark Blythswood Hotel Boots King Tut’s Wah Wah Hut Glasgow Film Theatre Dakota Hotel Sandman Signature Hotel Sauchiehall Street IQ Elgin Place (PBSA) MODA Holland Park (BTR) Glasgow School of Art 359 Holland Street Glasgow Dental Hospital Watkin Jones and School Portcullis House (BTR) King’s Theatre Charing Cross Station Tesco Beresford Lounge M8 Motorway The Garage (nightclub) 359 SAUCHIEHALL STREET, GLASGOW, G2 3HU PAGE 4 The property is located in the Bustling heart of Glasgow City Centre in a prime position on the south side of Sauchiehall Street, at its junction with Holland Street.
    [Show full text]
  • Strathclyde Partnership for Transport Annual Report 2017/18 Strathclyde Partnership for Transport Annual Report 2017/18 Foreword from SPT Chair
    Strathclyde Partnership for Transport Annual Report 2017/18 www.spt.co.uk Strathclyde Partnership for Transport Annual Report 2017/18 Foreword from SPT Chair Contents Welcome to SPT’s 2017-2018 from home. SPT’s staff are its greatest asset and daily Annual Report. In this you’ll demonstrate SPT’s commitment to serving the public. find highlights from the work 2017/18 in pictures 4 the Partnership undertakes and Alongside our other day to day operations, SPT targets some of the many achievements money to support community transport and key services SPT’s role 5 and successes of the last year. such as MyBus. Building for the future, SPT’s various capital projects across the West of Scotland, including Partnership 6 Transport, and particularly how our Subway modernisation programme, also continue to public transport is delivered, deliver infrastructure improvements. We couldn’t deliver Year in highlights 8 remains a vital issue across all this without funding and support from our 12 member Scotland. As Chair of Scotland’s local authorities and Scottish Government, as well as the Our priorities largest Regional Transport Partnership, I take seriously cooperation of transport operators and wider stakeholders - the need for public transport to be available, affordable, I want to thank them all for their continued support. • Attractive, seamless, reliable travel 10 accessible, sustainable (both environmentally and economically) and to deliver a high quality experience. Finally, I know next year will bring new challenges (as • Improved connectivity 20 Whilst SPT doesn’t run the regional transport network, well as opportunities) for the delivery of transport across I know that every part of SPT works hard towards those Strathclyde.
    [Show full text]