Address: 61 Cambridge Street
Size: 1,071 ft² (99.5 m²)
Price: £19,000 per annum

Location

Glasgow is Scotland’s largest city with a population in the region of 600,000 persons and a catchment in excess of 2 million persons.

The property is situated on the west side of Cambridge Street directly opposite the Double Tree Hilton Hotel. Nearby retailers are a good mix of multiple and local traders to include Subway, Farmfoods, Dunnes Stores and Ladbrokes.

Description

The property comprises a retail unit offering accommodation over ground and first floors.

Accommodation

From our measured inspection we would confirm that the property extends to the following areas and dimensions;

Gross Frontage:     17’ 7”       (5.35 m)
Net Frontage:         15’ 5”       (4.7 m)
Ground Floor:         981 ft²     (91.14 m²)
First Floor:                  90 ft²     (8.36 m²)

Lease Terms

The property is available on the residue of a 10 year lease with effect from 7th November 2014. The current passing rent is £19,000 per annum and is subject to a rent review effective from 7th November 2019. The lease also has provision for the Tenant to exercise their break option at the expiry of year 5, which is exercisable upon giving not less than 6 months prior written notice.

Rates

The property is entered in the Valuation Roll as follows:-

Rateable Value (‘18/’19):   £18,400

Energy Performance Certificate (EPC)

The property has an EPC rating of ‘E’

Terms

Offers are invited for our client’s leasehold interest.

Entry

Upon completion of legal formalities.

Viewing

All appointments to view should be arranged through this office.