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116 Sauchiehall St, Glasgow

Storefront for sale in Glasgow

£845,000 / 2,296 sq ft

by Smith Price RRG
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Highlights

Features

Full address
116 Sauchiehall St, Glasgow G2 3DH – Glasgow
Asking price
£845,000
Brochure
Download the brochure

Sale details

There is 1 space available. This measures 2,296 sq ft.

Ground floor - 116 - Retail Available

2,296 sq ft, £368.03 per sq ft

Unit Ground floor - 116 - Retail
address 116-120 Sauchiehall St, Glasgow, Glasgow City, G2 3DH, GB
Size 2,296 sq ft
Price £845,000
Price per unit £368.03 per sq ft
  • Offers in the region of £845,000. The property is let to Kokoro UK Ltd.
  • on a full repairing and insuring basis for a term of 20 years from 19th August 2019 and expiring on 19th August 2039 at a rent of £62,500 per annum exclusive.
  • There is a tenant break in the lease on 19th August 2034 for which the tenant must give 6 months notice.
  • There is an unbroken term of around 14 years.
  • In consideration for the long unbroken term the tenant received a short rent free period and reduced rent until November 2021. The vendor will top-up any remaining rent shortfall.
Sale type Investment
Tenure Freehold
Use Retail
Unit details The corner location provides excellent prominence including an extensive return frontage and good natural light for the seating areas at ground and first floors., The premises have the benefit of a Class 1 and Class 3 consent and are occupied by Kokoro as a restaurant with takeaway service., The ground floor provides counter service for takeaway and customer seating facilities whilst the first floor provides further customer seating and WC facilities., The basement is used for storage., Following refurbishment - including complete basement tanking - the accommodation has been comprehensively fitted in the tenant’s corporate style.
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Property facts for 116 Sauchiehall St, Glasgow

The accommodation is arranged over ground, basement and first floors within a typical city centre block having four upper floors. The property was built in around 1845 and is grade B listed. Sauchiehall Street is one of the three principal shopping streets in Glasgow and together with Buchanan Street and Argyle Street forms the shopping Z. The east end of the street is anchored by the Buchanan Galleries shopping centre which includes John Lewis. The street is pedestrianised and home to major retailers including Primark, Marks & Spencer and TK Maxx. The subject property is located near the middle of the street in the busy pedestrianised section between Marks & Spencer, Primark, Boots, TK Maxx and WH Smith to the west and Buchanan Galleries to the east. It is on the north side at the junction with Hope Street. The premises occupy the Sauchiehall Street/Hope Street corner within the recognised leisure circuit and with unrestricted access for the evening trade. It is opposite Savers, close to Savoy Shopping Market, McDonalds, Waterstones, Forbidden Planet, Superdrug and the Co-op.

Building subtype
Storefront
Number of storeys
6
Rentable building area
7,426 sq ft
Year built
1845
Parking
Surface, Covered

Attachments

PDF #1 Marketing brochure/flyer Download
PDF #2 Marketing brochure/flyer Download

Major tenants

Name Description Size Move in date Locations
Land Ahoy Tattoos Ltd Description - Size 1,434 sq ft Move in date 03/2014 Locations 0
James Robertson Kiltmaker Description - Size 1,200 sq ft Move in date - Locations 1
Stewart (John) Jewellers Description - Size 595 sq ft Move in date - Locations 1
Palais De Danse Description - Size 298 sq ft Move in date 05/2016 Locations 1 (Local) Local
ASIAN1991 LTD Description - Size - Move in date - Locations 1
Black Isle Pewter Ltd Description - Size - Move in date - Locations 1

This shop for sale is located in Glasgow.

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Meet the team

Smith Price RRG

  • A profile photo of Stephen Powell Stephen Powell
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Smith Price RRG. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Smith Price RRG for full details and further information. 8671014