The subjects are located in a highly desirable trading location, within Glasgow’s West End. Glasgow has vibrant student, retail and leisure sectors and is regarded as the UK’s most popular licensed and retail destination outside of London. Glasgow’s popularity for leisure and tourism has continued to expand in recent years, with major developments, including the opening of the SE Hydro arena, providing a world class venue for large scale events, conferences and gigs. The west end of Glasgow also benefits from its affluent location, high value residential properties and Glasgow University.
Specifically, the subjects are located on Dumbarton Road, in the core of the West End, immediately off Byres Road. Kelvinhall Subway station is situated opposite. There are substantial new student flat developments in the immediate vicinity seconds walk from the subject property. These include the new West Village and the Dunaskin developments. The location benefits from being in a high footfall area and prominent visibility off a busy through road.
DESCRIPTION & ACCOMMODATION
The subjects are the whole of the fenced development site including the fenced bin store area. The bin area will be relocated to its previous location to the roof of the new building. Planning consent and in place for single storey building of approx. 1,189 sq. ft. (110.45 sp. m.) with window frontage and two entrance doors.
Planning consent was granted on 24th June 2019. The planning application reference number is 19/00403/FUL. The full application can be gained by visiting Glasgow Council Planning portal or provided on request. There is a requirement for the development to be built as per the approved consent.
Previously the property on the site formed part of a licensed restaurant with a rateable value below the rates threshold and rates exempt. The rateable value of the property will be reassessed once constructed and ready to trade, dependent on use etc.
This is a fantastic opportunity to construct and develop a great commercial premise in prominent and highly visible West End location.
Offers over £95,000 are sought for the purchase of the heritable development site.
Each party will be responsible for their own legal costs with the ingoing tenant responsible for Stamp Duty, Land Tax and Registration Fees.
Unless otherwise stated all commercial terms quoted are exclusive of VAT and taxes.
The premises are classified as a development property and, as such, no EPC is required.
For further information, please contact the Glasgow office on 0141 331 0650.
Designed & built by Mucky Puddle