Atlantic Square, Glasgow - FOR SALE

2 Atlantic Square, York Street/James Watt Street,
G2 8JX

Guide Rent

£65,000 p.a.


Type

Restaurants

City

Glasgow

Tenure

Leasehold

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  • Description

    Note images are artists impressions

    BACKGROUND

    Occupying a strategic position in the heart of Glasgow’s International Financial Services District, Atlantic Square is a 300,000 sq. ft. office and residential development with ground floor retail and leisure.

    The office development provides 284,000 sq. ft. of new Grade A office space in two self-contained buildings, with retail space on the ground floor of Building 2 and with private underground car parks for both buildings. Atkins have taken 21,500 sq. ft. in Building 2. HMRC is the principal tenant of Building 1 at Atlantic Square and it is anticipated HMRC will employ 2,500 people at the site. HMRC are currently fitting out their space, which is expected to be occupied in Spring/Summer 2022.

    The development is at the heart of a major redevelopment area. Other major development in the area includes an adjacent development on York Street/Argyle Street which, when completed in 2022, will provide 270,000 sq. ft. of Grade A office space for J P Morgan, the nearby Barclays Bank campus just over the Clyde, set to accommodate 5,000 new jobs and the new Virgin Money headquarters on Bothwell Street. Given the amount of new office development, 20,000 new jobs could easily be created from 2022 to 2024 in the immediate area, adding further to the potential customer base.

    LAYOUT PLAN

    The gross internal areas are as follows:

    AreaSq. M.Sq. Ft.Covers




    Deli/Coffee Shop98105424
    Main Restaurant Private Dining3103336144/60
    Ancillary2092249
    GROSS INTERNAL AREA6176639
    Outside Seating 

    56

    OPPORTUNITY

    This is an exciting opportunity to occupy prime space with outdoor seating, which is at the heart of the city centre and has the advantage of the additional massive new potential customer base from the numerous new surrounding developments. We anticipate that around 20,000 employees will be housed in the surrounding buildings, over and above the existing vibrant city demand. The property is only a few minutes by taxi from Glasgow Hydro and SECC arena.

    FIT OUT

    The Landlord anticipates completing a partial fit-out to an agreed specification. This fit-out will comprise:

    • Subdivision of internal space and full glazed frontage.
    • Creation of customer & staff toilet accommodation.
    • Provision of an air-conditioning & ventilation system.
    • Screed floor finish.

     

    It is anticipated the Landlord contribution will be a financial contribution for the right tenant and concept to allow a single contractor fit-out. The tenant will be expected to complete the fit-out, install lighting, and provision of all required furnishings and equipment to the premises.

    Please contact the letting agents to discuss the likely level of landlord’s contribution to fit-out.

    LICENCE

    A Provisional Liquor Licence was granted by Glasgow City Council on 17th September 2021 ref GC2487. The Licence has an on sales capacity of 260 persons.

    RATES

    The premises have not yet been assessed for rates.

    SERVICES

    The premises are connected to mains water electricity, gas, and drainage.

    LEASE & RENT

    The premises will be let on a traditional full repairing and insuring lease. We anticipate a 15 to 25 year lease term with 5 year rent reviews. The guide rent for the whole unit is £65,000 p.a. If the unit is split, then the rent will be split accordingly.

    EPC

    To be confirmed

    SERVICE CHARGE

    To be confirmed.

    VAT

    All rents and prices are quoted exclusive of VAT.

    FURTHER INFORMATION

    For further information contact the joint letting agents:

    CDLH

    166 Buchanan Street

    Glasgow

    G1 2LW

    Tel: 0141 331 0650

    Contact::  Alan Creevy - 07901 011911 alan.creevy@cdlh.co.uk

    Springford & Co

    75 Bothwell Street

    Glasgow

    G2 6TS

    Tel: 0141 248 4432

    Contact: Charlie Springall - 07976 730637 cas@springfordco.com

     

  • Floor Plans

    • Ground Floor Layout Plan

  • Dataroom

    There are no property datarooms available

  • Description

    Note images are artists impressions

    BACKGROUND

    Occupying a strategic position in the heart of Glasgow’s International Financial Services District, Atlantic Square is a 300,000 sq. ft. office and residential development with ground floor retail and leisure.

    The office development provides 284,000 sq. ft. of new Grade A office space in two self-contained buildings, with retail space on the ground floor of Building 2 and with private underground car parks for both buildings. Atkins have taken 21,500 sq. ft. in Building 2. HMRC is the principal tenant of Building 1 at Atlantic Square and it is anticipated HMRC will employ 2,500 people at the site. HMRC are currently fitting out their space, which is expected to be occupied in Spring/Summer 2022.

    The development is at the heart of a major redevelopment area. Other major development in the area includes an adjacent development on York Street/Argyle Street which, when completed in 2022, will provide 270,000 sq. ft. of Grade A office space for J P Morgan, the nearby Barclays Bank campus just over the Clyde, set to accommodate 5,000 new jobs and the new Virgin Money headquarters on Bothwell Street. Given the amount of new office development, 20,000 new jobs could easily be created from 2022 to 2024 in the immediate area, adding further to the potential customer base.

    LAYOUT PLAN

    The gross internal areas are as follows:

    AreaSq. M.Sq. Ft.Covers




    Deli/Coffee Shop98105424
    Main Restaurant Private Dining3103336144/60
    Ancillary2092249
    GROSS INTERNAL AREA6176639
    Outside Seating 

    56

    OPPORTUNITY

    This is an exciting opportunity to occupy prime space with outdoor seating, which is at the heart of the city centre and has the advantage of the additional massive new potential customer base from the numerous new surrounding developments. We anticipate that around 20,000 employees will be housed in the surrounding buildings, over and above the existing vibrant city demand. The property is only a few minutes by taxi from Glasgow Hydro and SECC arena.

    FIT OUT

    The Landlord anticipates completing a partial fit-out to an agreed specification. This fit-out will comprise:

    • Subdivision of internal space and full glazed frontage.
    • Creation of customer & staff toilet accommodation.
    • Provision of an air-conditioning & ventilation system.
    • Screed floor finish.

     

    It is anticipated the Landlord contribution will be a financial contribution for the right tenant and concept to allow a single contractor fit-out. The tenant will be expected to complete the fit-out, install lighting, and provision of all required furnishings and equipment to the premises.

    Please contact the letting agents to discuss the likely level of landlord’s contribution to fit-out.

    LICENCE

    A Provisional Liquor Licence was granted by Glasgow City Council on 17th September 2021 ref GC2487. The Licence has an on sales capacity of 260 persons.

    RATES

    The premises have not yet been assessed for rates.

    SERVICES

    The premises are connected to mains water electricity, gas, and drainage.

    LEASE & RENT

    The premises will be let on a traditional full repairing and insuring lease. We anticipate a 15 to 25 year lease term with 5 year rent reviews. The guide rent for the whole unit is £65,000 p.a. If the unit is split, then the rent will be split accordingly.

    EPC

    To be confirmed

    SERVICE CHARGE

    To be confirmed.

    VAT

    All rents and prices are quoted exclusive of VAT.

    FURTHER INFORMATION

    For further information contact the joint letting agents:

    CDLH

    166 Buchanan Street

    Glasgow

    G1 2LW

    Tel: 0141 331 0650

    Contact::  Alan Creevy - 07901 011911 alan.creevy@cdlh.co.uk

    Springford & Co

    75 Bothwell Street

    Glasgow

    G2 6TS

    Tel: 0141 248 4432

    Contact: Charlie Springall - 07976 730637 cas@springfordco.com

     

  • Floor Plans
    • Ground Floor Layout Plan

  • Dataroom

    There are no property datarooms available


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