Offers Over £880,000 reflecting a net initial yield of 7%
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.
Designed & built by Mucky Puddle