Glasgow City Centre offers one of the strongest shopping experiences out with central London and is widely recognised as a European fashion destination. The city provides a mix of covered and open retailing traditionally based around the Golden Z. More recently, the shopping bridges evolved into the Style Mile with Ingram Street and the surrounding Merchant City providing an additional important destination for high street fashion retailers.
Ingram Street is currently home to a number of major fashion retailers in the city to include Armani, Ralph Lauren, Hugo Boss etc.
The property occupies a prominent corner location and is part of the Italian Centre which itself provides 11 retail units, a restaurant, a wine bar, and 3 floors of offices and residential units.
The subject property is arguably the most prominent within the development offering significant return frontage.
The property is offered to the market on the basis of a new full repairing and insuring lease for a period to be agreed incorporating regular upward only rent reviews.
Rental offers in the region of £87,500 per annum exclusive are sought.
From our measured inspection, the property extends to the following areas and dimensions:-
Gross Frontage: 38’ 8” (11.78 m)
Net Frontage: 37’ 10” (11.53 m)
Gross Frontage: 52’ 3” (15.92 m)
Net Frontage: 40’ 2” (12.44 m)
Ground Floor: 1,539 ft² (142.9 m²)
Basement: 1,588 ft² (147.4 m²)
The property is entered in the Valuation Roll as follows:-
Description - Shop
Rateable Value (26/27) - £54,500
A copy of the EPC can be provided upon request.
Each party to be responsible for their own legal costs for the ingoing tenant being responsible for LBTT.
To comply with Money Laundering Regulations, we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
By agreement.
Appointments to view strictly through this office.
| Document |
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| Glasgow - 162 Ingram Street.pdf |