Prime Licensed Retail Investment Buchanan Street Glasgow

Offers Over £880,000 reflecting a net initial yield of 7%

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  • Prime Licensed Retail Investment Buchanan Street Glasgow

CDLH have been instructed to market a first class licensed retail investment in a prime location on Glasgow’s most exclusive retail pitch on Buchanan Street. 97 Buchanan Street comprises a ground floor entrance plus, first, second and third floors, extending to approximately 4,571 sq. ft. (425 sq. m.). The tenant trades as the Willow Tea Rooms. Buchanan Street has one of the strongest foot flows anywhere in the UK. 

Nearby neighbours include Frasers Department Store, Princes Square, TGI Fridays and The Ivy Restaurant. The property is let on new 15 year lease from November 2019 at a rent of £65,000 per annum exclusive. Rental deposit of 6 months rent in place and the tenant is a long established operator. Rent Reviews 5 yearly to RPI or Market Value, whichever the higher. Very strong tenant demand. 

Offers Over £880,000 are sought, at rent of £65,000 p.a. reflecting a 7% net initial yield. Contact alan.creevy@cdlh.co.uk for further information or visit www.cdlh.co.uk.

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